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Last year, it announced 9,000 job cuts worldwide.

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Saudi EXIM, SINOSURE ink MoU

The MoU presents an opportunity to exchange information and enhance training. (SPA)
By TRENDS Desk AFP
March 5, 2023 11:53 pm
  • The agreement was signed during a ceremony held at the Saudi EXIM Bank headquarters in Riyadh
  • It aims at knowledge exchange, finance and investment opportunities in Saudi Arabia and China

Riyadh, Saudi Arabia – The Saudi Export-Import Bank (Saudi EXIM) signed a memorandum of understanding (MoU) with China Export and Credit Insurance Corporation (SINOSURE) to establish a cooperation framework.

This framework aims to explore various fields of cooperation, including knowledge exchange, employee training, finance and investment opportunities in Saudi Arabia and China.

The MoU was signed during a ceremony held at the Saudi EXIM Bank headquarters in Riyadh, in the presence of Dr. Nayef Al-Shammari, Deputy CEO of Saudi EXIM Bank, SINOSURE Vice President XU Xinwei, and several senior executives from both sides.

Al-Shammari stated that this partnership is expected to contribute to enhancing the Kingdom’s non-oil exports.

He said that it presents an opportunity to exchange information, enhance training, and develop businesses.

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