The Saudi Export-Import Bank extended SAR13.23bn ($3.53bn) in credit facilities during the first quarter of 2026, up 20.8% on the same period of 2025, Saudi outlet Akhbar 24 reported on May 18.

The figure compares with SAR10.95bn ($2.92bn) in credit facilities provided in the first quarter of 2025.

The facilities were split between financing and insurance products. Total disbursements for export financing requests reached SAR4.33bn ($1.16bn), a rise of 0.6% from SAR4.31bn ($1.15bn) a year earlier.

Exports covered through export credit insurance totalled SAR8.90bn ($2.38bn), up 33.9% from SAR6.65bn ($1.77bn) in the same period of 2025. Total credit facilities provided since the bank's establishment have reached SAR129.5bn ($34.55bn).

Chief Executive Saad Alkhalb said the bank's performance pointed to continued growth and a deepening role in enabling Saudi non-oil exports to expand into international markets and opening opportunities for local exporters to enter new markets.

The Saudi Export-Import Bank was established in 2020 to support the kingdom's non-oil exports, a central goal of the Vision 2030 economic diversification programme aimed at reducing reliance on crude revenues.