Riyadh - Sharikat Mubasher: The Saudi Export-Import Bank (EXIM Bank) signed a cooperation agreement with Alinma Bank to empower local small and medium-sized enterprises (SMEs) in securing the financing needed to complete and expand their export operations.
According to the official statement, SMEs will benefit from financial guarantees, whereby the EXIM Bank covers up to 80% of the financing value provided through Alinma Bank, with a financing ceiling of up to SAR 50 million per enterprise.
The partnership agreement was signed by Saad Alkhalb, CEO of EXIM Bank, and Abdullah Al-Khalifa, CEO and Managing Director of Alinma Bank.
This collaboration helps SMEs expand exports, strengthen competitiveness, and support national economic growth, in line with Saudi Vision 2030's goals to support entrepreneurship and strengthen financial sustainability.
Alkhalb highlighted that the partnership underscores EXIM Bank’s commitment to empowering SMEs exports and enhancing their global competitiveness by providing innovative credit solutions and guarantee instruments.
For his part, Al-Khalifa commented: “This partnership with Saudi EXIM contributes to supporting and empowering SMEs and enhancing their export capabilities by providing access to banking solutions that strengthen the competitiveness of Saudi products and services in global markets.”
The agreement is part of Saudi EXIM’s efforts to enable the expansion of Saudi non-oil exports, enhancing their global competitiveness, and supporting the objectives of Saudi Vision 2030 toward diversifying the national economy.
