RIYADH: The Saudi Export-Import (Saudi EXIM) Bank recently concluded reinsurance agreements worth about SR380 million (over $101 million) with the Arab Investment and Export Credit Guarantee Corporation (Dhaman). The agreements aim to support Saudi banks’ efforts to provide more credit facilities to facilitate the export of Saudi non-oil products. Kuwait-based Dhaman is a multinational organization that provides guarantee services against commercial and non-commercial risks in Arab countries. It is owned by the governments of Arab states and four Arab financial institutions.
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