Saudi EXIM says credit facilities to jump in 2025
The Saudi Export-Import Bank (Saudi EXIM) reported this week that the amount of credit facilities it extends to Saudi traders would likely jump to SAR40 billion ($10.7 billion) in 2025, up 17 percent over the previous year.
The lender provided credit facilities worth SAR33.5 billion in 2024, according to a previous statement from the bank.
To support Saudi exporters, financial institutions and importers, the bank has extended credit facilities worth SAR100 billion since February 2020, chairman Saad Al-Khalab said in an interview with Saudi financial website Argaam. The split is roughly 40 percent for financing and 60 percent for insurance, he added.
The industrial sector took the lion’s share of 60 percent among these facilities, mining was allocated 20 percent, while the rest went to services, technology and agriculture, the chairman said.
The bank provided revolving facilities of $1.5 billion to eight major exporters and global trading houses, which export to more than 150 countries, the report said.
Saudi EXIM remains in expansion mode in Africa, after opening offices in Johannesburg, Casablanca and Cairo, while the focus stays on Asia, Europe and the Americas.
China, the UAE and India remained the top export destinations in the third quarter of 2025, while most imports came from China, the US and India, according to Saudi Arabia’s General Authority for Statistics.
Further reading:
- China and UAE top Saudi export markets in third quarter
- Chemicals and machinery push Saudi non-oil exports to record high
- Saudi economy in numbers
You May Also Like
Whale Converts 1,972 BTC to 58,148 ETH via THORChain, Holdings Worth $176M in ETH Since Nov 25
RBI Dismisses Bitcoin as Currency, But Liquidity Cycles May Align with BTC Rallies
