Riyadh, Saudi Arabia — The Saudi EXIM Bank has signed two memorandums of understanding. One is with the State Unitary Bank for Industry and Export of Tajikistan. The other is with the Arab Fund for Economic and Social Development. These agreements aim to boost cooperation and support non-oil Saudi exports in promising global markets. They were signed during the Islamic Development Bank Group’s 2025 annual meetings in Algiers, held from May 19 to 22.
Focus on Export Financing and Global Partnerships
The memorandum with the Tajik bank targets collaboration on export financing. It also aims to explore joint investment in energy and infrastructure. Both goals align with Vision 2030, Saudi Arabia’s long-term national strategy. Moreover, the agreement includes the possibility of setting up a credit line to support trade between the two countries.
The second agreement, signed with the Arab Fund, emphasizes financing for development projects. It also supports export activity across member states and encourages technical skill-building programs.
Dr. Naif bin Abdulrahman Al-Shammari, Deputy CEO of Saudi EXIM Bank, signed both MOUs. He was joined by Bobozoda Hokimsho Jurakhon, Chairman of the Tajik bank, and Badr Mohamed Al-Saad, Director General of the Arab Fund.
According to Dr. Al-Shammari, the annual meetings offer an ideal platform to form new alliances. “These MOUs extend our efforts to facilitate trade,” he said. “They also help us reach new markets and empower Saudi exporters through effective partnerships.”
In addition, the bank held several meetings on the sidelines of the event. Delegates met with representatives from export credit agencies and financial institutions. These talks focused on expanding cooperation, building financing channels, and unlocking growth for Saudi exporters.
