Protects investors, lenders and contractors against political risks that may occur in Arab countries hosting their investments or projects
Protects exporters against the risk of default of payment of an importer/a local buyer/a payment obligor due to credit or political risk occurrence
Protects Financial Institutions’ project/trade finance transactions with Arab countries against credit and political risks
Offering additional underwriting capacities to Export Credit Agencies and insurance companies by re-insuring or co-insuring credit and political risks
The policy protects the insured banks against commercial and political perils that may lead to the default of the obligor banks under different Trade Finance Instruments – whether letters of credit, avalized drafts or otherwise.
This insurance policy enables the policyholders to mitigate and transfer credit risk, support their customers, increase opportunities, balance their portfolio and satisfy capital requirements.
In case of a claim, Dhaman pays up to 100% of the insured amount under the insured transaction .
Signing of the Master Trade Finance Insurance Policy
Dhaman sends firm Insurance Offer or Tentative Non-Binding Indication with pricing and relevant terms & conditions
Issuance of insurance decision for underlying transaction upon acceptance of the quotation
Declaration of utilization upon shipment or draw-down by the insured FI and premium payment
in case of default
Shaimaa M. Aldoussari Head of Financial Institutions Unit