Saudi EXIM Bank Signs Three MoUs At Berne Union Annual Meetings To Boost Global Trade Cooperation

The Saudi Export-Import Bank (Saudi EXIM) recently took part in the Berne Union Annual Meetings held in Ottawa, Canada, from October 21 to 23, 2025. This event is a major gathering for export credit and investment insurance agencies worldwide. The aim was to boost international cooperation and develop the global trade finance ecosystem.

During these meetings, Saudi EXIM's Chief Risk Officer, Eng. Suhaib Al-Hosainy, was elected as Chair of the Prague Committee of the Berne Union for the term 2025–2027. This appointment highlights Saudi EXIM's growing influence in the global export credit and insurance sector.

On the sidelines of the meetings, Saudi EXIM signed three Memoranda of Understanding (MoUs) with Czech Export Guarantee and Insurance Corporation (EGAP), Uzbekinvest Export-Import Insurance Company, and Export Development Canada (EDC). These agreements were signed by Eng. Suhaib Al-Hosainy alongside David Havlíček from EGAP, Rustam Azimov from Uzbekinvest, and Todd Winterhalt from EDC.

The MoUs aim to enhance cooperation in reinsurance, exchange expertise, develop joint projects, and explore collaboration opportunities in clean technology, advanced manufacturing, and food security. These efforts align with Saudi EXIM's goal to strengthen its international partnerships.

Saudi EXIM's participation in these meetings aligns with its mission to expand international cooperation and build strategic partnerships. This effort supports Saudi non-oil exports' access to global markets while enhancing their competitiveness. It also aligns with Saudi Vision 2030's objectives to boost the national economy.

Eng. Al-Hosainy expressed his gratitude for being elected chair: "I am deeply honored by the trust of the Berne Union members. We look forward to strengthening cooperation and exchanging expertise to develop innovative solutions that support the growth and sustainability of global trade."

Bilateral Meetings for Future Collaboration

The delegation from Saudi EXIM also engaged in bilateral discussions with representatives from international organizations, export credit agencies, and global financial institutions. These talks aimed at identifying collaboration opportunities across various sectors to enhance Saudi non-oil exports' flow into global markets.

Eng. Al-Hosainy further commented on these developments: "Saudi EXIM Bank's participation in the Berne Union Meetings represents an important step in consolidating its international presence and enhancing its partnerships with leading export credit and insurance institutions worldwide."

The signing of these MoUs reflects a shared commitment to fostering trade relations and expanding future cooperation. It aims at enabling Saudi exporters to reach new global markets effectively.

With inputs from SPA