Page 64 - ETIHAD CREDIT INSURANCE PR REPORT - OCTOBER 2024

11/6/24, 11:24 AM Saudi EXIM Signs MOU with Etihad Credit Insurance
Saudi EXIM Signs MOU with Etihad Credit Insurance

Hamburg, October 17, 2024, SPA -- 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.

-- SPA

https://oananews.org/node/690284 1/1