Saudi EXIM Bank, Credit Oman Sign MoU to Strengthen Bilateral Export Ties
The Saudi Export-Import Bank (Saudi EXIM) participated as a sponsor at the TXF Global 2025 conference, held in Copenhagen, Denmark, from June 10 to 12. The event served as a platform to reinforce Saudi EXIM's role in international trade and build strategic partnerships aimed at boosting the competitiveness of Saudi Arabia's non-oil exports.
During the conference, Saudi EXIM CEO Eng. Saad bin Abdulaziz AlKhalb and Credit Oman CEO Khalil bin Ahmed Al Harthy signed a memorandum of understanding (MoU) to deepen cooperation between the two institutions. The agreement focuses on supporting joint projects, facilitating exports, and exchanging expertise to advance non-oil export growth and enhance economic and trade relations between Saudi Arabia and Oman.
Eng. Al-Khalb also joined a high-level panel discussion with industry leaders and export credit specialists to explore strategies for advancing global trade cooperation. He highlighted Saudi EXIM's pivotal role as a trusted partner in the global trade landscape and noted that the bank's creation aligns with Saudi Arabia's broader economic diversification goals.
Since its establishment, Saudi EXIM has extended over USD 22 billion in credit facilities. Al-Khalb emphasized that the bank's A+ credit rating from Fitch Ratings bolsters its credibility and impact both domestically and internationally. Finally, he underscored the bank's commitment to developing strategic pathways that empower local exporters.
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