KSA’s EXIM Bank signs MoU with Japan’s NEXI

RIYADH, Dec 21 (Arab News): A new agreement signed by the Saudi Export-Import Bank is poised to boost bilateral trade between the Kingdom and Japan.

The memorandum of understanding, inked with Japan's government-owned Nippon Export and Investment Insurance, aims to strengthen cooperation, enhance bilateral relations, and facilitate the exchange of products and services, the Saudi Press Agency reported.

Through this MoU, both entities will facilitate smoother international trade, minimize financial losses, and provide comprehensive insurance solutions, aligning with the Saudi bank's commitment to promote non-oil exports and contribute to global markets. Saad Al-Khalb, CEO of Saudi EXIM Bank, said: "The signing of this MoU reflects our commitment and relentless effort to build strategic partnerships with international institutions."