Pact is likely to help enhance Kingdom's non-oil exports.

The deal allows for joint cooperation between the two.

Riyadh, Saudi Arabia--Saudi Export-Import Bank has announced the signing of a $26 million financing line agreement with Turkyie Finance Katilim Bank to finance Saudi non-oil exports to Turkyie, which is the first direct financing agreement for Saudi non-oil exports to the Republic of Turkyie. It also signed an agreement with...

Riyadh, Saudi Arabia---The Saudi Export-Import Bank signed an MoU with the Korean Commercial Insurance Company (K-SURE), which is Korea’s export credit agency, to enhance import and export activities between the two countries. The activities include the export of environmentally friendly energy sources produced in Saudi Arabia, such as green hydrogen...

While initiatives like Made in Saudi Arabia are helping ramp up production, Saudi Exports is looking to rope in government agencies to help diversify the economy.

The deals were signed at the Saudi Trade Finance Summit.

The agreements are aimed at bolstering Saudi exports.

This will help the bank address major issues in export credit.