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.
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.