Allianz Trade Partners with Saudi EXIM Bank to Boost Non-Oil Exports to Saudi Arabia

Allianz Trade has partnered with Saudi EXIM Bank to boost non-oil exports to Saudi Arabia through an Initial Framework Agreement. This collaboration aims to bolster Saudi Arabia’s economic growth by providing export credit insurance to exporters. The agreement will minimize the risk of sudden or unexpected customer insolvency by guaranteeing export transactions.

Allianz Trade will allocate a grade to each company reflecting its financial health and conduct, helping clients identify and avoid risk. The deal will also facilitate negotiating discounts in exchange for prompt payment, ensuring that debtors honor their obligations. This partnership is expected to increase trade between Allianz Trade and Saudi Arabia, promoting economic growth and development in the region[1][2][3][4][5].

Citations:
[1] https://www.meinsurancereview.com/News/ViewNewsLetterArticle/id/88437/Type/MiddleEast/Saudi-Arabia-Howden-Allianz-Trade-and-Saudi-EXIM-Bank-sign-economic-transformation-agreement
[2] https://www.reinsurancene.ws/howden-allianz-trade-and-saudi-exim-partner-to-boost-saudi-trade-and-growth/
[3] https://www.intelligentinsurer.com/howden-allianz-ink-insurance-deal-with-saudi-exim-bank-to-boost-non-oil-exports
[4] https://www.commercialriskonline.com/howden-and-allianz-trade-in-trade-agreement-with-saudi-exim-bank/
[5] https://www.allianz-trade.com/en_global/economic-research/collection-complexity/saudi-arabia.html