The Saudi Export-Import Bank has launched an export accelerator to help local businesses strengthen their export capabilities and prepare to expand into international markets.
According to the announcement, the program combines specialised training with one-on-one advisory sessions to help participating businesses develop export plans, build strategic relationships and understand financing options available for their operations.
The initiative is part of the bank’s mandate to support Saudi non-oil exports and improve their global competitiveness through integrated financing and insurance solutions.
The bank also said it has provided more than SAR150 billion in credit facilities since its establishment. More than SAR50 billion of that amount was delivered over an 18-month period, while total facilities had reached SAR100 billion last year.
Operating under the supervision of the National Development Fund, the bank provides financing, guarantees and export credit insurance. Its services are intended to address financing gaps and reduce export-related risks for Saudi businesses.
Source: Twasl News
