Saudi Export-Import Bank Credit Facilities Rise 27% to SR43.22 Billion

The Saudi Export-Import Bank provided SR43.22 billion ($11.53 billion) in credit facilities by the end of September 2026, marking a 27.12 per cent increase from SR34 billion during the same period last year.

The growth reflects the bank’s efforts to expand financial support for Saudi non-oil exporters and help domestic businesses compete in international markets.

The facilities were distributed through a range of financing and export insurance products. Disbursements for export financing applications reached SR11.44 billion, while exports covered by credit insurance totalled SR31.78 billion.

Small and medium-sized enterprises accounted for 36.7 per cent of the bank’s clients, highlighting the role of smaller businesses in its export financing activities.

Saad bin Abdulaziz Al-Khalb, chief executive of the Saudi Export-Import Bank, said the increase in facilities reflected progress in implementing the bank’s strategy during the first nine months of the year.

“These facilities provide broader opportunities for national enterprises to expand their export activities through integrated credit solutions that help bridge financing gaps, mitigate international trade risks and strengthen their ability to access new markets,” Al-Khalb said.

He said the bank would continue developing financial products for exporters of different sizes and strengthening cooperation with financial institutions and partners in Saudi Arabia and overseas.

The bank aims to improve access to finance, provide guarantees and protect exporters against payment risks associated with international trade. Its services are intended to help businesses enter new markets and increase sales abroad.

Operating under the supervision of the National Development Fund, the Saudi Export-Import Bank supports the Kingdom’s efforts to expand non-oil exports and diversify its economy in line with Saudi Vision 2030.

Non-oil exports remain a priority

The latest figures come as Saudi Arabia seeks to reduce its reliance on oil revenues by expanding trade in other sectors.

Data from the General Authority for Statistics showed that domestic non-oil exports increased by 8.5 per cent year on year in August, reaching SR18.32 billion.

Total non-oil exports, including re-exports, stood at SR26.2 billion during the month.

The bank’s expanding credit and insurance facilities are intended to help Saudi companies manage the financial and commercial risks involved in overseas trade. The growing participation of SMEs also reflects efforts to widen access to export finance beyond large businesses.

The Kingdom is seeking to increase the contribution of non-oil sectors to economic activity, with stronger exports forming part of its wider diversification programme.