Export Bahrain in partnership with the Arab Investment & Export Credit Guarantee Corporation “Dhaman” introduced the first export credit solution in the Kingdom of Bahrain, to protect Bahraini exporters against a range of risks that might rise due to involvement in international transactions.
Export Credit Insurance solution reduces the payment risk and provide exporters with conditional assurance that payment will take effect if the foreign buyer is unable to pay. In that regard, Dhaman will reimburse 90% of the payment in case of default. This will encourage exporters to offer more competitive credit terms while controlling the risk of default on payment.
Export Bahrain will subsidize 80% of the premium rate.