Page 32 - ETIHAD CREDIT INSURANCE PR REPORT - OCTOBER 2024

11/6/24, 11:19 AM Riyadh Daily

Hamburg (Germany) - SPA
Saudi EXIM Signs MOU with Etihad Credit Insurance

The Saudi Export-Import Bank (Saudi EXIM) participated in the Berne Union's annual meeting in Hamburg, Germany, to collaborate on
strengthening export credit systems in global trade and developing trade relations and partnerships. These partnerships aim to empower
Saudi non-oil exports in global markets.

On the sidelines of the meeting, the bank signed a Memorandum of Understanding (MoU) with Etihad Credit Insurance (ECI)
to enhance cooperation in several areas, including export financing and insurance. This includes insurance against export
credit risks and enabling small and medium enterprises to export. The CEO of Saudi EXIM Bank, Eng Saad bin Abdulaziz Al-
Khalb and the CEO of ECI, Raja Al Mazrouei attended the signing.

Eng. Al-Khalb participated in a panel discussion at the meeting where he spoke about the bank providing credit facilities
worth $1.2 billion to international export houses to face global trade challenges. He affirmed the bank's commitment to
enhancing international cooperation and expanding its strategic partnerships. He also stressed that the bank's role aligns with
Saudi Arabia's commitment to renewable energy transformation by providing financial products that support sustainable
business practices and that all renewable energy investments are a high priority for the bank.
The bank held extensive meetings with representatives of export credit agencies and financial and commercial institutions
from around the world to enhance trade exchange opportunities, build bridges of communication to develop international
economic and trade relations, enable local exporters to increase their export activities and enhance the access of Saudi non-
oil exports to global markets.

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