Export Financing
Export Bahrain in partnership with Tamkeen provides Export Financing solutions designed to provide short-term financing and capital requirements for businesses to capture international business opportunities and global growth. In collaboration with partner banks, this solution is offered for approved export deals and contracts at competitive rates.
Objectives:
- Bridge the export financing gap for viable enterprises through facilitating access to financing at a low cost.
- Promote for exporter lending within local financial institutions.
- Provide access to liquidity that cover input cost to processing export transaction.
Export Bahrain’s Financing solution mainly covers the following:
- Asset-based financing.
- Export letter of credits.
- Working capital to cover pre-operating/pre-shipment between the time of the receipt of an export order and the time fulfilling the export deal.
Tamkeen subsidizes up to 70% of the annual nominal profit rate and 50% of the administrative fee along with the guarantee capped at BHD 125,000. The Export Finance amount ranges from BHD 30,000 to BHD 1 Million with a one-year tenor subject to the Bank’s policy.
Eligibility Criteria
- A company with an active Bahraini Commercial Registration in the Kingdom of Bahrain.
- To meet minimum standards of local production, goods manufactured or processed.
Bank Requirements
Terms & Conditions:
- A valid commercial registration and all valid licenses required for conducting an Export Trade Business.
- A clean credit history with no record in CBB’s abuser list.
- Complying with the LMRA Bahrainization requirements and compliant with LMRA fees payment.
- Original signed agreements of export products.
- Enterprises with Shariah compliant activities.
Documents:
- Three years of audited financial statements.
- Two valid identification documents of owners.
- Copy of electricity bills (duration to be determined by the bank).
- Bank statement (duration to be determined by the bank).
- Article and/or Memorandum of Association.
- Company Profile.
- Board Resolution.
- A letter specifying the purpose of the amount of finance.
- Original Export Agreements to be approved by Export Bahrain and the bank.
Approval is subject to Partner Banks Terms & Conditions.