AMAN UNION and Saudi EXIM Bank Seal Transfer Agreement, Marking a New Chapter in Regional Economic Cooperation

In JEDDAH, Saudi Arabia on November 9, 2025, the AMAN Union and the Saudi Export-Import Bank (Saudi EXIM Bank) have formalized a landmark agreement for the transfer of the AMAN Union’s General Secretariat to Saudi EXIM Bank, signaling a strategic step toward strengthening regional trade, investment insurance, and institutional integration within the Islamic world.

The Transfer Agreement, signed by Mr. Mourad Mizouri, Secretary General of the AMAN Union, and Mr. Naif bin Othman Alajroush, Director General of International & Government Relations at Saudi EXIM, establishes a structured framework for the handover of the Union’s duties, assets, records, and administrative responsibilities. The signing took place on the sidelines of the 15th Annual General Meeting of the AMAN Union, held November 4-6 in Jeddah and hosted by the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). A strategic institutional transition.

The decision to relocate the AMAN Union Secretariat reflects more than a bureaucratic reshuffling. It represents a calculated move to consolidate resources, enhance operational efficiency, and align the Union’s governance with the region’s rapidly evolving trade finance landscape.

In regard to the Saudi EXIM Bank, a relatively young but increasingly influential player in the global export financing arena, hosting the secretariat elevates its role as a hub for fostering intra-OIC (Organization of Islamic Cooperation) trade and economic collaboration. While for AMAN Union, the transition promises improved coordination, digital modernization and financial sustainability, which are key priorities as the Union seeks to expand its influence beyond traditional credit insurance circles.

At the heart of this transition are the professionals and institutions that make up the AMAN Union family, export credit agencies, investment insurers and development banks from across the Arab and Islamic world. In their view, this shift presents a renewed spirit of unity and shared purpose. It also highlights the importance of preserving institutional memory and ensuring that decades of expertise, records, and relationships are carried forward seamlessly.

The partnership embodies a cultural continuity rooted in collaboration and mutual support values, central to both Islamic finance and regional cooperation. As the secretariat moves under Saudi stewardship, the human dimension becomes crucial, maintaining the trust, professional kinship and collaborative spirit that have long defined AMAN’s operations. These are the engineering of business and economic insinuations.

From a business standpoint, the transition could catalyze stronger trade flows and more resilient financial mechanisms among OIC member states. By leveraging Saudi Arabia’s economic clout and EXIM’s institutional infrastructure, the Union is poised to play a larger role in mitigating commercial risks and supporting exporters navigating uncertain global markets.

In a time when geopolitical shifts and supply chain disruptions continue to redefine global trade, this agreement positions AMAN Union and Saudi EXIM as joint pillars of stability and growth for member economies seeking to diversify and industrialize.

In observing the political and social resonance, the intent aligns with Saudi Arabia’s Vision 2030 agenda, which emphasizes regional leadership, institutional excellence, and economic diversification. It also signals confidence in the Kingdom’s growing role as a convening power in multilateral economic cooperation across the Islamic world.

Socially, the decision speaks to a broader regional trend of shared progress and institution-building, where collaboration replaces competition, and knowledge-sharing strengthens collective resilience.

Reflecting on the transition, Mr. Mourad Mizouri, Secretary General of AMAN Union, described it as “an important step in enhancing the operational independence and sustainability of the AMAN Union”. He reaffirmed that members remain steadfast in their mission to foster collaboration and innovation in trade and investment insurance.

As the secretariat finds its new home at Saudi EXIM, the agreement stands as an administrative act of continuity and renewal. Playing a reminder that in the interconnected world of trade and finance, institutional strength rests on both vision and cooperation.