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Non Honoring of Sovereign Financial Obligation insurance policy

Protects lenders against losses resulting from the failure of an Arab sovereign or sub-sovereign entity to honour its financial obligation. This includes the obligations of a state-owned enterprise or a public/private joint venture, guaranteed by the government. Since NHSFO is Basel II compliant, it allows lenders to receive capital relief and to continue funding projects in DHAMAN’s member countries.
NHSFO insurance policy is available for tenors of up to 15-20 years. The compensation rate stands for 95% of principal and interest.

Procedure

  • NHSFO insurance Application

    The Loan provider submits a free of charge Insurance Application

  • Non-Binding Insurance Quotation

    Dhaman provides the applicant with a non-binding indication detailing the scope of cover and the pricing

  • Host country approval

    Obtaining the host country’s approval is necessary for Dhaman to issue the insurance policy

  • Issuance of the Insurance Contract

    “Dhaman” provides the applicant with the insurance terms and conditions and policy is signed

  • Insurance Application

    Before the investment is committed, the applicant submits a free of charge Preliminary Insurance Application. Dhaman provides the applicant with a non-binding indication detailing the scope of cover and the pricing. Once the investment and financing plans are established, a final application for which a fee is charged is submitted along with the project documentation.

Preliminary NHSFO Insurance Application

Contact info

  • Nizar Najem, Head of Investment Guarantee Unit

  • +965 24959536 (Direct)
  • nizar.najem@dhaman.org
  • Click here