Saudi Export-Import Bank increased its credit facilities by more than 20 percent during the first quarter of 2026. The growth highlights Saudi Arabia’s ongoing efforts to strengthen non-oil exports and expand international trade under Vision 2030.
The bank provided SAR13.23 billion ($3.53 billion) in credit facilities during the quarter. This marked a 20.8 percent increase compared with SAR10.95 billion during the same period in 2025.
The financing included both export funding and insurance products. Export financing disbursements reached SAR4.33 billion during the first quarter. This represented a slight increase from SAR4.31 billion recorded one year earlier.
At the same time, export credit insurance recorded stronger growth. Covered exports reached SAR8.90 billion during the quarter. This reflected a 33.9 percent increase compared with SAR6.65 billion in the first quarter of 2025.
Saudi Export-Import Bank said the strong performance reflects rising demand for financing solutions among Saudi exporters. The institution continues supporting local companies as they enter new international markets and expand global trade partnerships.
Chief Executive Saad Alkhalb said the results demonstrate the bank’s growing role in supporting Saudi non-oil exports. He added that the institution continues opening opportunities for local exporters across global markets.
The Saudi Export-Import Bank launched in 2020 as part of Saudi Arabia’s Vision 2030 strategy. The programme aims to diversify the economy and reduce dependence on crude oil revenues by strengthening industrial development, exports, and private sector growth.
Saudi Arabia continues increasing investments in trade financing, logistics, and industrial expansion. Government institutions are also supporting exporters through insurance products, financing tools, and market access programmes.
Analysts believe the bank’s rising credit activity reflects stronger export momentum across non-oil sectors. Manufacturing, chemicals, food products, and industrial goods continue gaining importance in Saudi Arabia’s long-term economic plans.
The growth in export insurance also highlights increasing international demand for Saudi products. In addition, insurance support helps exporters reduce commercial risks while improving access to foreign markets.
Total credit facilities provided by the Saudi Export-Import Bank have now reached SAR129.5 billion since its establishment. This milestone reflects the institution’s expanding role in supporting economic diversification and international trade development.
Saudi Arabia continues positioning itself as a regional export and logistics hub. Officials believe stronger non-oil exports will play a major role in supporting sustainable economic growth during the coming years.
