Saudi EXIM Bank Signs MoU with Japan’s Mizuho Bank
Saudi Export-Import Bank (Saudi EXIM Bank) has signed a memorandum of understanding with Japan’s Mizuho Bank, Ltd., a leading global financial institution, to develop bilateral relations and partnerships and enable the exports of both countries, contributing to increasing the Saudi-Japanese flow of trade and investment.
The MoU was signed by Saudi EXIM Bank CEO Eng. Saad bin Abdulaziz AlKhalb and Mizuho Bank’s Regional Head for Middle East, Africa and Central Asia Caucasus Yuki Mizunoe, on the sidelines of the Saudi-Japan Ministerial Investment Forum.
The MoU bolsters collaboration across joint financing, insurance, guarantees, reinsurance solutions, advanced credit facilities, and cross-border projects, among other areas, while promoting exchange of knowledge and expertise in export credit practices and enabling both Saudi and Japanese companies to discover new trade and investment opportunities.
The agreement also builds on the ongoing cooperation between the two parties since 2023, with the new MoU focusing on expanding the geographic scope to enable increased flows of Saudi non-oil exports to markets across Asia, Africa, and Central Asia.
AlKhalb stated: “This MoU represents an important step in expanding Saudi EXIM Bank’s international partnerships and reflects our commitment to providing innovative credit solutions that enhance the competitiveness of Saudi non-oil exports and enable their presence across global markets.”
Mizunoe noted that the signing of the MoU reflects Mizuho Bank’s commitment to strengthening relationships with key Saudi financial institutions, adding that this cooperation with Saudi EXIM Bank opens new avenues for Saudi-Japanese corporate business, international trade and investment and enables companies to implement high value-added projects in both markets.
Mizuho Bank is one of Japan’s largest banking groups with a strong global presence and extensive experience in trade finance, large-scale project financing, and integrated financial solutions across multiple sectors—positioning it as a strategic partner supporting international expansion.
