Latest news with #SaudiEXIMBank
Leaders
3 days ago
- Business
- Leaders
SAMA Approves Madafuou Alarabia to Conduct BNPL Activities
The Saudi Central Bank (SAMA) has officially licensed Madafuou Alarabia to offer Buy Now, Pay Later (BNPL) services. This move raises the total number of finance companies licensed by SAMA to 67. In a press release issued today, SAMA stated that the decision aligns with its ongoing efforts to enhance the financial sector, improve transaction efficiency, and foster innovative financial solutions that support financial inclusion across the Kingdom. SAMA also reiterated the importance of dealing only with authorized financial institutions. A full list of licensed and approved entities is available on SAMA's official website. Related Topics : SAMA Grants License to Tamara Finance for Consumer Finance, BNPL Services Saudi EXIM Bank Wins Two International Awards in Financial Solutions ACWA Power signs MoU with Saudi EXIM Bank to cooperate on knowledge sharing FIFA 2025 Club World Cup: First Round Schedule, Live Results & Scorers Short link : Post Views: 13
Leaders
5 days ago
- Business
- Leaders
Saudi EXIM Bank, Credit Oman Sign MoU to Strengthen Bilateral Export Ties
The Saudi Export-Import Bank (Saudi EXIM) participated as a sponsor at the TXF Global 2025 conference, held in Copenhagen, Denmark, from June 10 to 12. The event served as a platform to reinforce Saudi EXIM's role in international trade and build strategic partnerships aimed at boosting the competitiveness of Saudi Arabia's non-oil exports. During the conference, Saudi EXIM CEO Eng. Saad bin Abdulaziz AlKhalb and Credit Oman CEO Khalil bin Ahmed Al Harthy signed a memorandum of understanding (MoU) to deepen cooperation between the two institutions. The agreement focuses on supporting joint projects, facilitating exports, and exchanging expertise to advance non-oil export growth and enhance economic and trade relations between Saudi Arabia and Oman. Eng. Al-Khalb also joined a high-level panel discussion with industry leaders and export credit specialists to explore strategies for advancing global trade cooperation. He highlighted Saudi EXIM's pivotal role as a trusted partner in the global trade landscape and noted that the bank's creation aligns with Saudi Arabia's broader economic diversification goals. Since its establishment, Saudi EXIM has extended over USD 22 billion in credit facilities. Al-Khalb emphasized that the bank's A+ credit rating from Fitch Ratings bolsters its credibility and impact both domestically and internationally. Finally, he underscored the bank's commitment to developing strategic pathways that empower local exporters. Related Topics : Saudi EXIM Bank Wins Two International Awards in Financial Solutions ACWA Power signs MoU with Saudi EXIM Bank to cooperate on knowledge sharing SAUDI ARABIAN AIRLINES (SAUDIA) FEATURES 'BORN A KING' FILM ONBOARD FIFA 2025 Club World Cup: First Round Schedule, Live Results & Scorers Short link : Post Views: 19 Related Stories
Asharq Al-Awsat
6 days ago
- Business
- Asharq Al-Awsat
Saudi EXIM Bank Signs MoU with Credit Oman to Boost Bilateral Exports
CEO of Saudi EXIM Bank, Eng. Saad bin Abdulaziz AlKhalb and CEO of Credit Oman, Khalil bin Ahmed Al Harthy signed a memorandum of understanding (MoU) to promote cooperation in supporting joint projects, facilitating exports, and exchanging expertise, thereby contributing to the empowerment of non-oil exports and strengthening economic and trade ties between the two countries. This came on the sidelines of the TXF Global 2025 conference held in Copenhagen from June 10 to 12. EXIM participated as a sponsor of the conference to enhance the bank's role in global trade and establish strategic partnerships to support the growth and competitiveness of Saudi non-oil exports in international markets, according to SPA. Engineer Al-Khalb also participated in a panel session during the conference alongside a distinguished group of leaders, decision-makers, and export credit experts to discuss ways to foster international trade cooperation. He affirmed that Saudi EXIM Bank is a reliable partner in the global trade ecosystem, noting that the bank's establishment is part of the Kingdom's broader economic transformation. He pointed out that the bank has provided credit facilities amounting to USD 22 billion since its inception and emphasized that the bank's A+ credit rating from Fitch Ratings will significantly impact its operations and those of its clients and partners both locally and globally. He added that the bank's strategy is focused on building strategic pathways for local exporters.
Jordan News
28-05-2025
- Business
- Jordan News
Housing Bank and Saudi EXIM Bank Sign $10 Million Financing Agreement - Jordan News
Housing Bank and Saudi EXIM Bank Sign $10 Million Financing Agreement Housing Bank has signed a $10 million credit line agreement with the Saudi Export-Import Bank (Saudi EXIM Bank) to finance the import of Saudi-origin goods and products by the bank's clients. This initiative aims to boost the flow of non-oil Saudi imports into Jordan and strengthen trade ties between the two countries. اضافة اعلان The agreement was signed at Saudi EXIM Bank's headquarters in Riyadh by Mohammed Naser Abu Zahra, Executive Vice President and Head of Corporate Banking at Housing Bank, and Eng. Abdullatif Al-Ghaith, Director General of the Lending Department at Saudi EXIM. This partnership reflects Housing Bank's ongoing commitment to enhancing financial inclusion by expanding its lending portfolio and financing solutions, particularly for Jordanian importers working with Saudi exporters. Saudi Arabia remains the leading exporter to the Jordanian market. The agreement is expected to meet the rising demand for Saudi goods in Jordan and foster new export opportunities for Jordanian businesses. It also supports the transportation and trade sectors, aligning with the Central Bank of Jordan's vision of offering practical financing tools that ease access to liquidity and reduce logistical challenges. It is worth noting that Housing Bank provides a comprehensive suite of services to support businesses and merchants, including financing, credit, and guarantee programs, as well as facilities, advanced digital services, and a wide array of commercial solutions.
Saudi Press
27-05-2025
- Business
- Saudi Press
Saudi EXIM Bank Signs MoUs with Tajikistan's State Unitary Bank, AFESD to Enhance Access to Saudi Exports
Saudi EXIM Bank Signs MoUs with Tajikistan's State Unitary Bank, AFESD to Enhance Access to Saudi Exports Sunday 27/11/1446 Voice reader
