TRADE FINANCE

Nature of Business: Financial Institution (Neither a factory nor a trading company. It is a government-owned bank specialized in trade finance.)

Company Profile:

Saudi EXIM Bank is a financial institution established by Royal Decree with the primary objective of promoting Saudi non-oil exports. It operates as a key component of Saudi Arabia's National Industrial Development and Logistics Program (NIDLP). The bank provides a comprehensive range of financial solutions, including direct financing (pre-shipment and post-shipment), credit insurance, and guarantees. These services are offered to Saudi exporters, their international buyers, and financial institutions involved in export transactions. Saudi EXIM Bank plays a crucial role in enhancing the competitiveness of Saudi products and services in global markets by mitigating financial risks and facilitating access to capital for export-oriented businesses. Its mission is to support the diversification of the Saudi economy by increasing the volume and value of non-oil exports and fostering their integration into international supply chains.

Trade finance companies in Saudi Arabia typically produce or sell the following products and services:

Letters of Credit

Standby Letters of Credit

Bank Guarantees including Bid Bonds Performance Bonds and Advance Payment Guarantees

Documentary Collections

Import and Export Financing

Pre-Shipment and Post-Shipment Finance

Supply Chain Finance

Factoring and Reverse Factoring

Forfaiting

Receivables Finance

Structured Trade Finance

Risk Mitigation Services for International Trade

Payment Solutions for Cross-Border Transactions

Advisory Services related to Trade Finance Operations