Saudi EXIM Bank Partners With Credit Oman To Strengthen Bilateral Export Cooperation

The Saudi Export-Import Bank (Saudi EXIM) took part in the TXF Global 2025 conference in Copenhagen, Denmark, from June 10 to 12. The bank aimed to boost its role in global trade and form strategic partnerships to support Saudi non-oil exports' growth and competitiveness worldwide.

During the event, Eng. Saad bin Abdulaziz AlKhalb, CEO of Saudi EXIM Bank, signed a memorandum of understanding (MoU) with Khalil bin Ahmed Al Harthy, CEO of Credit Oman. This agreement aims to enhance cooperation in supporting joint projects, facilitating exports, and sharing expertise. The collaboration seeks to empower non-oil exports and strengthen economic and trade relations between Saudi Arabia and Oman.

Eng. Al-Khalb also participated in a panel session at the conference. He joined leaders, decision-makers, and export credit experts to discuss ways to foster international trade cooperation. He highlighted that Saudi EXIM Bank is a reliable partner within the global trade ecosystem.

Eng. Al-Khalb stated that the establishment of Saudi EXIM Bank is part of the Kingdom’s broader economic transformation efforts. Since its inception, the bank has provided credit facilities amounting to USD 22 billion. This support is crucial for local exporters aiming to expand their reach globally.

The bank's A+ credit rating from Fitch Ratings was also emphasized by Eng. Al-Khalb. He noted that this rating will significantly impact the bank’s operations and those of its clients and partners both locally and internationally.

Focus on Local Exporters

The strategy of Saudi EXIM Bank centres on creating strategic pathways for local exporters. By doing so, it aims to enhance their competitiveness in international markets while contributing to the Kingdom's economic diversification goals.

This participation at TXF Global 2025 highlights Saudi EXIM's commitment to strengthening its role in global trade through strategic partnerships and initiatives that support non-oil exports.

With inputs from SPA