Serving Arab investors and exporters for nearly four decades
|1974||Establishment of “Dhaman”.||1975||“Dhaman” starts providing non-commercial risk insurance cover for inter-Arab investments.||1986||“Dhaman” starts providing cover for trade between Member countries against commercial and non-commercial.||2001||“Dhaman” extends export credit insurance to cover exports from Member to non-member countries.||2006||“Dhaman” launches the Confirmed Documentary Credit Insurance Policy to cover confirming banks against the default of the issuing banks (commercial and non-commercial risks).||2008||“Dhaman” obtains its first rating ever by S&P “AA- ,Stable outlook”.||2009||Launching of “AMAN UNION”, the Union of Commercial & Non-commercial Risks Insurers & Reinsurers in the Arab and Islamic countries.||2009||“Dhaman” extends its eligibility criteria to:
• Existing investments.
• Non-Arab investors investing in Arab Member countries.
• Exports from non-Member countries to Member countries provided the underlying transaction is developmentally sound for the Member country (commodities, food, equipment etc.).
|2010||“Dhaman” launches the Factoring insurance contract to cover lessors against the default of the lessees (commercial and non-commercial risks).||2011||“Dhaman” starts providing cover against commercial risks only for sales within the same member country. Domestic credit insurance is provided as part of a portfolio that includes both exports and domestic sales.||2015||On April 2015 S&P’s rating agency reaffirms Dhaman’s “AA” rating but revised with Outlook to negative from stable||2015||Under Investment Guarantee Scheme, Dhaman extended covered risks to include the following non-commercial Risks: Creeping Expropriation, Business Interruption and Terrorism and Sabotage.||2016||S&P rating agency reaffirms Dhaman’s
||2017||S&P rating agency reaffirms Dhaman’s
||2018||S&P rating agency reaffirms Dhaman’s
||2019||S&P Global Ratings lowered its long-term issuer and financial strength credit ratings on The Arab Investment and Export Credit Guarantee Corp. (Dhaman) to ‘AA-‘ from ‘AA’, under the revised criteria for Multilateral Lending Institutions (MLIs) issued in December 2018; while affirming Dhaman’s stable outlook.||2020||Standard & Poor’s maintain the Rating “AA-” of “Investment Guarantee” for 2020 with Stable Outlook.|