Saudi EXIM Bank signs export credit insurance deal with Evonik

RIYADH, Aug 24 (Arab News): Saudi Arabia's non-oil trade prospects are getting better with the Saudi Export Import Bank signing an export credit insurance policy with Evonik Industries Marketing Co.
The agreement aims to protect the risk of non-payment associated with international buyers, reported the Saudi Press Agency on Wednesday.
Saudi EXIM Bank CEO Saad Al-Khalb and Evonik Industries General Manager Abdulmohsen Al-Muhaidib inked the deal at the bank's headquarters in Riyadh.
"The collaboration is an extension of the bank's continuous commitment to bolster the export endeavors of national institutions," said Al-Khalb. He added: "The agreement will enable Saudi non-oil exports to enter the world's most competitive markets. We are pleased to cooperate with Evonik Industries to drive the growth of Saudi non-oil exports across the world markets."