RIYADH: The total credit facilities provided by the Saudi Export-Import Bank surpassed SR40 billion ($10.6 billion) in 2025, according to the institution’s chairman. 

In an interview with Argaam, Saad Al-Khalab said that since its establishment in February 2020, the bank has now extended cumulative credit support exceeding SR100 billion. 

This portfolio is allocated with approximately 40 percent dedicated to direct financing and 60 percent to insurance solutions, designed to bolster Saudi exporters, local financial institutions, and foreign buyers of Saudi goods.

Sectorally, industrial exports receive the largest share of support at 60 percent, followed by over 20 percent for the mining sector. The remaining facilities are directed towards services, technology, and agricultural industries.

Al-Khalab highlighted a significant surge in demand for both raw and processed mining products. To meet this demand, Saudi EXIM has established revolving credit facilities worth over $1.5 billion for more than eight major exporters and global trading firms, facilitating exports to over 150 countries worldwide.

The chairman outlined the bank’s ongoing mission to address financing challenges for exporters, strengthen export risk insurance, and help penetrate new international markets. 

Key initiatives include the Jusoor program, which allows manufacturers in the Kingdom to secure international financing for importing essential raw materials and equipment, and the introduction of investment insurance for Saudi ventures abroad.

In terms of geographic focus, Saudi exports continue to prioritize Asia, Europe, and the Americas. The bank is simultaneously driving expansion into African markets, supported by operational offices in Johannesburg and Casablanca, with a planned branch in Cairo to enhance coverage across the continent.