Saudi Export-Import Bank signs MoU with BOK International Bank (Bahrain)
Riyadh: Saudi Export-Import (EXIM) Bank has entered into a Memorandum of Understanding (MoU) with the foreign branch of BOK International Bank (Bahrain branch), aimed at exploring aspects of cooperation to enter into the provision of credit that support Saudi non-oil exporting countries, and according to the bank’s orientation to establish local and international partnerships.
The MoU was signed by the CEO of EXIM Bank, Eng. Saad bin Abdulaziz Al-Khalb and CEO of BOK International Bank (Bahrain Branch) Ahmed Darwish at the EXIM Bank headquarters in Riyadh, in the presence of senior leaders from both sides.
Eng. Al-Khalb said the signing of the MoU with BOK International Bank (Bahrain Branch) is part of EXIM Bank’s continued efforts to increase support for the export of services and products. non-oil Saudi Arabia and to enhance cross-border trade, adding that EXIM Bank is seeking to establish more effective partnerships with national and international financial institutions, with which the Bank works to provide credit solutions in line with the objectives and aspirations of the Vision 2030 of the Kingdom to develop non-oil exports and build a sustainable and dynamic environment and diversified economy.
For his part, Darwish explained that this agreement opens up prospects for cooperation that increase investment opportunities and contribute to strengthening international trade between Saudi Arabia and Bahrain, in addition to opening channels of cooperation with the banking sector. of the region that contribute to enhancing the efficiency of export activities to and from Saudi Arabia, as it is a meeting point for international trade.