The Cooperative and Agricultural Credit Bank (CAC Bank), represented by the Acting Chairman and CEO Mr. Hashed Al-Hamdani, along with his accompanying delegation, participated in the Saudi trade mission to the Republic of Yemen and the State of Libya for the year 2025. The mission, organized by the Saudi Export Development Authority, took place on Monday in the city of Jeddah, with the participation of more than 150 Yemeni commercial companies.

This mission aims to strengthen trade relations between the Kingdom of Saudi Arabia and both Yemen and Libya, in addition to supporting trade exchange and enabling Saudi exporters to explore promising opportunities in these two markets, thereby contributing to the enhanced presence and regional expansion of Saudi products and services.

The mission’s agenda includes specialized workshops, field visits, and B2B matchmaking meetings between Saudi exporters and importers from Yemen and Libya. The targeted sectors include construction materials, food products, packaging, the medical and healthcare sector, petrochemicals, telecommunications and IT, transport and logistics, construction and engineering, as well as professional and consulting services, health, education, and tourism services.

Mr. Hashed Al-Hamdani affirmed that CAC Bank's participation reflects its commitment to strengthening economic integration between Yemen and the Kingdom of Saudi Arabia. He noted that the bank aims to facilitate commercial and financial operations between the two countries by offering innovative banking and financing solutions that support investors and importers.

Al-Hamdani stated: "We believe that enhancing regional economic cooperation begins with building strong bridges between financial institutions and the private sector. This mission represents an ideal platform to open new horizons for trade partnerships, especially in light of the promising potential of the Yemeni and Libyan markets."

On the sidelines of the mission, an important meeting was held between the Saudi Export-Import Bank and CAC Bank to discuss ways to activate joint cooperation. The meeting included discussions on mechanisms to support the commercial and economic sector within Yemen, as well as opportunities to strengthen trade financing and exchange between the two countries. This is expected to contribute to stimulating economic growth and opening new prospects for banking and investment cooperation.

Mr. Al-Hamdani was accompanied by Mr. Emad Al-Shaibari, Assistant Vice President for the Corporate Sector; Mr. Sami Mabjer, Director of the Corporate Department; and Mr. Talal Ahmed Abdullah, Director of Private Banking Services at CAC Bank.