Saudi Arabia’s Export-Import Bank (EXIM Bank) has signed an accession agreement with the International Finance Corporation (IFC), a member of the World Bank Group, to enhance export financing opportunities and help Saudi exporters expand into new international markets.
According to the Saudi Press Agency, the partnership covers cooperation in trade finance, development, and insurance, and grants EXIM Bank access to IFC’s global syndicated financing platform. This move will enable the bank to participate in international co-financing transactions and strengthen its institutional framework.
A key affiliate of the National Development Fund, Saudi EXIM Bank plays a central role in diversifying the Kingdom’s economic base by improving the efficiency of non-oil exports, closing financing gaps, and mitigating export-related risks.
The agreement was signed in the presence of Saad bin Abdulaziz Al-Khalb, CEO of Saudi EXIM Bank, and Khawaja Aftab Ahmed, IFC’s regional director. Al-Khalb described the partnership as “an important step toward expanding the bank’s strategic collaborations with international financial and development institutions.”
He added that the deal reinforces Saudi Arabia’s standing as a global trade and investment hub while advancing Vision 2030 objectives to diversify the economy and strengthen non-oil exports.
Through this agreement, EXIM Bank will join IFC’s broader cooperation framework with development and regional banks worldwide, paving the way for future co-financing initiatives that promote sustainable development and facilitate global trade flows.
Ahmed noted that the partnership will enable Saudi companies to scale internationally and foster sustainable growth through cross-border investments.
Earlier this year, EXIM Bank reported a 44% increase in credit facilities during the first half of 2025, reaching SR23.61 billion ($6.29 billion), reflecting its expanding role in supporting the Kingdom’s export sector.
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