RIYADH: Saudi Arabia’s Export-Import Bank grew its credit facilities to non-oil exporters by 17.2 percent in the first half of 2026, reaching SR27.67 billion ($7.3 billion), as it deepens support for the Kingdom’s export diversification drive.
According to the Saudi Press Agency, the facilities were split between export financing and export credit insurance for non-oil Saudi products and services, with the total up from the SR23.61 billion available over the same period of 2025.
The figures comes even as the Kingdom’s latest non-oil trade figures show a pullback. The latest data from the General Authority for Statistics showed a 26.1 percent yearly decrease in non-oil exports in May, including re-exports, with national non-oil exports excluding re-exports down 27.3 percent.
“The growth achieved by the bank in credit facilities during the first half of 2026 reflects the effectiveness of its strategy and its continued efforts to achieve economic and developmental targets,” said Saad bin Abdulaziz Al-Khalb, CEO of Saudi EXIM.
Financing dips while insurance surges
