Riyadh: The Saudi Export-Import Bank (Saudi EXIM) has signed a $15 million credit line agreement with Bank Alfalah Limited of Pakistan to enhance the flow and competitiveness of Saudi non-oil exports in the Pakistani market.
According to Bahrain News Agency, the agreement was signed by Abdullatif Alghaith, Director General of the Lending Department at Saudi EXIM Bank; Faisal Rashid, Head of Financial Institutions, International Business, and Home Remittance; and Zeeshan Ahmed Mirza, Head of Correspondent Banking Financial Institutions from Bank Alfalah.
The Saudi Export-Import Bank, a key development institution under the National Development Fund (NDF), is dedicated to diversifying Saudi Arabia's economic base. By providing innovative financing and insurance solutions, the bank plays an essential role in expanding the reach of Saudi non-oil exports globally, which aligns with the objectives of Saudi Vision 2030.