More than 50 years
of experience
of experience
29 USD Billion Worth
export and investments
export and investments
A+ Rated by S&P
Dhaman provides factoring companies with a comprehensive credit and political risks insurance solution. The insurance policy protects from the risks of default of payment of an obligor; The compensation rate stands for 90% of the insured invoices for both domestic and export transactions.
Inability or failure or refusal of the importer/local buyer/payment obligor to fulfil the payment
The bankruptcy of the importer/local buyer/payment obligor
Currency inconvertibility and transfer restrictions
Confiscation, Expropriation and Nationalization
Measures taken by the authorities of the obligor country preventing the insured from obtaining his rights
War and civil disturbances
Export of goods and/or services of Arab origin.
Import of goods and/or services of non-Arab origin by an Arab country from all over the world, provided the imported goods are developmentally sound for the importing country such as commodities, equipment, food, pharmaceuticals etc.
Factoring companies of Arab or joint Arab-foreign nationality
Absence of ownership or Joint management relationship between the insured factor & the obligor
Request for quotation
The Factor submits the identification form
Dhaman provides the Factor with an indication detailing the scope of cover and the pricing
Factoring Insurance Quotation
Issuance of the Insurance policy
Acceptance of quotation /policy signature/premium payment
Declaration of factored invoices on approved obligors on a monthly basis
Declaration of factored invoices
Compensation Process
Declaration of default of payment/Compensation disbursement/Collection from the defaulting obligor
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