Prime Highlights-
- Saudi EXIM grows credit facilities to non-oil exporters by 17.2 percent in H1 2026, reaching SR27.67 billion.
- Export credit insurance rises 32.09 percent annually, reaching SR19.47 billion in insured export values.
Key Facts-
- Export financing disbursements total SR8.20 billion during the first half of 2026.
- Re-exported goods climb 28.5 percent, led by a 59.9 percent rise in machinery and electrical equipment exports.
Background-
Credit facilities extended by Saudi Arabia’s Export-Import Bank to non-oil exporters climbed 17.2 percent in the first half of 2026, reaching SR27.67 billion, about 7.3 billion dollars, as the bank continues backing the Kingdom’s export diversification drive.
According to the Saudi Press Agency, the facilities covered export financing and export credit insurance for non-oil Saudi products and services, rising from SR23.61 billion recorded over the same period last year.
Saudi EXIM CEO Saad bin Abdulaziz Al-Khalb said the growth in credit facilities during the first half of the year reflects the effectiveness of the bank’s strategy and its continued work toward economic and developmental targets.
Export credit insurance led the growth, with total insured export values reaching SR19.47 billion over the six months, marking a 32.09 percent annual rise. Export financing disbursements totaled SR8.20 billion during the period, compared with SR8.87 billion over the same window last year, as the bank balanced its portfolio between financing and insurance instruments.
Al-Khalb said the results highlight the bank’s central role in helping Saudi non-oil exporters reach global markets through integrated credit solutions built to manage risk efficiently and support long-term sustainability.
He added that the bank will continue pursuing its strategic goals and national targets, crediting the Kingdom’s leadership for enabling its mission.
Separate trade data from the General Authority for Statistics pointed to a broader rebalancing in the Kingdom’s non-oil trade, with re-exported goods climbing 28.5 percent, driven largely by a 59.9 percent rise in exports of machinery, electrical equipment and related parts.
