EXIM Bank to launch new insurance products to complement current portfolio: official

Naif Alshammari, Chief Business Officer of Saudi Arabia's EXIM Bank

Saudi Arabia's EXIM Bank will launch new products to complement its existing portfolio, Chief Business Officer Naif Alshammari told Argaam in an exclusive.

 

Speaking on the sidelines of a meeting with businessmen at the Federation of Saudi Chambers (FSC), Alshammari said that most of the products focus on indirect financing, integration with local and regional financial institutions, as well as offering credit lines.

 

The bank will also launch insurance and reinsurance products to reduce the risks of export deals, the top official concluded.

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