During the Saudi-Japan Vision 2030 Business Forum in Tokyo, Saudi EXIM Bank entered into two cooperation agreements with SMBC Business Banking and MUFG Bank. These agreements are designed to enhance collaboration and establish co-financing opportunities to boost non-oil exports in designated markets, as stated by the Saudi EXIM Bank.
In a recent statement, it was confirmed that Saad bin Abdulaziz Al-Khalab, CEO of Saudi EXIM Bank, separately signed two agreements with Akihiro Fukudom, CEO of SMBC Bank, and Hironori Kamezawa, CEO of MUFG Bank. The signings took place as part of the Saudi-Japan Vision 2030 Business Forum in Tokyo.
Commenting on the partnerships, Al-Khalab stated, “This collaboration with Japanese entities is part of our joint efforts to strengthen economic relations between both countries and achieve the Saudi-Japan Vision 2030. The acceleration of commercial projects between our nations toward broader horizons comes as a result of the strength, advanced economic status, and promising investment opportunities.”
During a roundtable meeting attended by several ministers from both countries, Saad bin Abdulaziz Al-Khalab reviewed Saudi EXIM Bank’s activities with Japanese financial institutions and commercial companies. The discussion focused on enhancing economic and trade relations and identifying projects of mutual interest.
At the financial sector’s roundtable meeting, Saad bin Abdulaziz Al-Khalab highlighted the crucial importance of collaboration between financial institutions and business sectors. He stressed that such efforts are essential to providing comprehensive and incentivizing credit solutions, which can significantly accelerate trade, as well as mutual and global investment activities.
With a focus on aligning with Vision 2030, the Saudi EXIM Bank is dedicated to strengthening the Kingdom’s non-oil national economy. The bank's primary objective is to facilitate the expansion of Saudi non-oil exports and their penetration into global markets. This initiative entails bridging financing gaps and mitigating export risks to support the bank's overarching goal.