Definition:

This program is dedicated to finance importing and exporting transactions to and from Arab Countries to worldwide countries which the added value from Arab countries is not less than 40%. Or imported capital productive commodities and raw materials and related services from foreign countries to Arab Countries.

Beneficiaries:

Importers and exporters in Arab Countries, who deal with qualified commodities for re-financing by the program.

Interest Rate:

Interest rate is equivalent to 3 months US$ LIBOR Rate or 6 months US$ LIBOR Rate + margin to be defined by the Bank in accordance to the client creditworthiness and loan term required.

Financing Ceiling:

Up to 100% of import invoice value.

Loan Term:

Repayment period up to 2 years, and it can be extended to 5 years in case of capital commodities.

Financing Objectives:  

Supping necessary financing for imports and/or exports based on commodity type and nature provided that the financing shall be against documentary LCs or invoices or collection bills.