The Saudi Export-Import Bank (Saudi EXIM) has signed three key Memoranda of Understanding (MoUs) with prominent global partners to enhance collaboration in critical areas, including reinsurance, joint project development, co-financing, and knowledge exchange.
The partnerships with the Czech Export Guarantee and Insurance Corporation (EGAP), Uzbekinvest Export-Import Insurance Company, and Export Development Canada (EDC) aim to strengthen cooperation in reinsurance, knowledge exchange, joint project development, and co-financing.
Additionally, the agreements seek to explore collaborative opportunities between Saudi and international companies in high-growth sectors such as clean technology, advanced manufacturing, and food security.
Furthermore, this advances Saudi EXIM’s efforts to expand the global presence of Saudi non-oil exports and support the goals of Saudi Vision 2030.
Saudi EXIM’s participation at the Berne Union Annual Meetings
The MoUs were signed at the Berne Union Annual Meetings, the world’s premier organization for export credit and investment insurance, held in Ottawa, Canada.
The meetings brought together export credit and insurance agencies from across the globe to enhance international cooperation in export credit and insurance, and to develop the global trade finance ecosystem.
During the meetings, the Chief Risk Officer of Saudi EXIM Bank, Eng. Suhaib Al-Hosainy was elected Chair of the Prague Committee of the Berne Union for the term 2025–2027, a significant milestone that reflects the growing international recognition of Saudi EXIM’s leadership role in advancing the global export credit and insurance landscape.
Eng. Al-Hosainy said that, “I am deeply honored by the trust of the Berne Union members. We look forward to strengthening cooperation and exchanging expertise to develop innovative solutions that support the growth and sustainability of global trade.”
“Saudi EXIM Bank’s participation in the Berne Union Meetings represents an important step in consolidating its international presence and enhancing its partnerships with leading export credit and insurance institutions worldwide. The signing of these MoUs stems from a shared commitment to fostering trade relations, expanding future cooperation, and enabling Saudi exporters to reach new global markets,” Eng. Al-Hosainy added.
