RIYADH: The Saudi Export-Import (Exim) Bank has signed a reinsurance agreement with the French insurance company for foreign trade aimed at supporting exports of Saudi services and products in the global markets, Arab News reported.

It also signed a memorandum of understanding with the French export guarantee company, Bpifrance Assurance Export, to enhance cooperation between both parties.

The bank seeks to forge partnerships with reinsurers and international credit and guarantee institutions, to provide credit solutions to support Saudi exporters in the global markets.