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​​overview

Non-oil exports are considered one of the key pillars of Vision 2030, and consequently the Saudi Leadership has issued a Royal Decree approving the Private Sector Stimulus (PSS) Package, thereby approving Five Billion Saudi Riyals as capital for the PSS Export Financing initiative, as part of the Capital of the Saudi EXIM Bank. Saudi Export Development Authority (Saudi Exports) is currently working on setting-up the Saudi EXIM Bank, which will hopefully be ready for launch in the fourth quarter of 2019 and will then be able to deliver a comprehensive set of products and services to Saudi exporters.

To support Saudi exporters prior to the launch of the Saudi EXIM Bank, Saudi Exports has launched an initiative in collaboration with the Local Content and Government Procurement Management Authority, as part of the PSS, by signing agreements with two partner financial institutions to provide financing for Saudi exporters and their foreign buyers in the interim period.

This initiative is considered a key step towards developing Saudi exports, as Export Financing enables Saudi exporters to complete export transactions that they are not able to due to a lack of financing. Therefore, all companies, small, medium or large, in all sectors except crude oil, can apply for financing through the Saudi exports website. The currently available products are Pre-export Financing for working capital, and Buyer’s Credit for foreign buyers of Saudi goods.

Product Details

Pre-export Finance

Pre-shipment loan provided to Saudi exporters to cover needs such as working capital, purchase of raw material, liquidity during shipment, etc. ​​ more

Buyer’s credit

Post-shipment loan provided to foreign Importers to fund purchases of Saudi goods more