A program dedicated to finance import
transactions between Arab countries or exports from Arab countries to all parts
of the world, for commodities of Arab origin or commodities whose value added
(on the origin of the goods) is not less than (40%) or capital productive
commodities, imported raw materials and services accompanied with them from
non-Arab countries to Arab countries.
Importers and exporters in Arab Countries, who deal with eligible commodities in order to refinance them through the program.
Interest rate is equivalent to 3 months US$ LIBOR Rate or 6 months US$ LIBOR Rate + margin to be determined by the Bank in accordance to the client creditworthiness and loan term required.
Up to 100% of import invoice value.
Repayment period up to 2 years, and it can be extended to 5 years in case of capital commodities.
Providing the 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.