Saudi Export-Import Bank (SaudiEXIM) has signed a memorandum of understanding with Natixis CIB, with the aim of enhancing the competitiveness capability of Saudi exporters in global markets
The Saudi Export-Import Bank (SaudiEXIM) has signed a memorandum of understanding with Natixis CIB, with the aim of enhancing the competitiveness capability of Saudi exporters in global markets, facilitating their commercial businesses, and expanding their scope at the international level in line with the targets of Saudi Vision 2030 of building a more diversified and sustainable economy.
The memorandum seeks basic cooperation fields between SaudiEXIM and Natixis CIB, supporting Saudi companies and increasing their awareness through a series of symposiums and workshops focusing on the importance of commercial and political risk management in the international trade, cooperation in developing export finance solutions, in addition to organized dialogue and exchanging market information between the two sides.
This partnership is part of the bank’s ambitious plans to build more strategic partnerships with international players in a way that accords with Saudi Vision 2030, especially to enhance the presence of Saudi non-oil products in external markets and find and expand more investment opportunities.
SaudiEXIM Chief Business Officer Dr. Naif Al-Shammari and Regional Head Middle East at Natixis CIB Barbara Riccardi signed the memorandum in the presence of senior employees of the two sides.
Dr. Al-Shammari stressed that in light of increasing attention to develop the local content and empower the private sector in the Kingdom of Saudi Arabia, in a way that accords with targets of Saudi Vision 2030 in diversifying and expanding the economic base, SaudiEXIM continues its efforts in building alliances and signing strategic memorandums and cooperation agreements with leading financial institutions across the world to enhance the contributions of the non-oil exports and products in supporting the national economy.
