Saudi EXIM Bank, Japan’s Mizuho Bank sign MoU

  • 7/25/2023
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RIYADH: The Saudi Export-Import Bank has inked a memorandum of understanding with Japan’s Mizuho Bank, the Saudi Press Agency reported on Tuesday.  The MoU was signed during the Saudi-Japanese roundtable, which was held in Jeddah to boost trade and investment ties between the two countries.  Saudi EXIM Bank CEO Saad bin Abdulaziz Al-Khalb and Seiji Imai, chairman of the board of directors of Mizuho, attended the signing.  The agreement aims to promote cooperation to boost trade opportunities and job prospects, including Saudi exports of goods and services. It also allows for the exchange of knowledge and information on export credit policies and procedures as well as ideas on how to launch initiatives to develop new products. Al-Khalb said that the signing of the MoU reflected the Saudi EXIM Bank’s role in forming international partnerships to support the growth and diversification of Saudi Arabia’s non-oil exports and raise their competitiveness. He lauded Mizuho Bank for its skills and extensive network of international relations.  Saudi EXIM Bank aims to support Saudi non-oil exports on the international market by bridging funding gaps and minimizing risks faced by exporters to realize Vision 2030.

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