The Arab Investment and Export Credit Guarantee Corporation (Dhaman)

The Arab Investment and Export Credit Guarantee Corporation (Dhaman) is a multinational organization that provides guarantee services against commercial and non-commercial risks in Arab countries. Dhaman is owned by the governments of Arab states and four Arab financial institutions.

Dhaman runs the Arab Investment Insurance Scheme that encourages Arab and non-Arab investors to invest in Dhaman member countries. The scheme provides Political Risk Insurance to investors, financiers and contractors. One or several of the following risks can be covered:

• Expropriation, including confiscation, nationalization, elimination of ownership rights and control, creeping expropriation
• Currency inconvertibility and transfer restrictions
• War and civil disturbance, including revolution, coup, insurrections, terrorism and sabotage
• Breach of contract

Diverse investments are eligible for Dhaman’s investment insurance scheme:

• Arab and non-Arab cross-border investments, renewal or expansion of existing investments, equity and portfolio investments for a period of up to 10 years with a possible extension for an additional five years.
• Contracting projects implemented in Arab member countries where the equipment is imported from outside of the project country.
• Shareholder loans and commercial bank loans that relate to the project covered by Dhaman, provided the loans have terms of at least three years.

Member countries of Dhaman: Algeria, Bahrain, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Oman, Mauritania, Morocco, Palestine, Qatar, Saudi Arabia, Somalia, Sudan, Syria, Tunisia, United Arab Emirates and Yemen.

• Size of coverage: 90 per cent of incurred loss.
• Tenor of coverage: 10 years, and possible extension to 15 years if justified by the nature of the project.
• Contract termination: The policyholder may reduce or cancel the coverage on any contract anniversary date. Dhaman cannot terminate the contract unless the policyholder does not pay the premium or an insured risk occurs.

http://dhaman.net/en/our-products/investment-insurance/

The Arab Investment & Export Credit Guarantee Corporation (Dhaman) is a multinational organization that provides guarantee services against commercial and non-commercial risks. Dhaman is owned by the governments of Arab states and four Arab financial institutions.

The loan insurance contract covers loans for investment and development projects provided by an Arab or joint Arab–foreign banks eligible for Dhaman’s guarantee. If an insured risk occurs, Dhaman compensates the insured bank at an average rate of 90 per cent of the loss value.

The loan Insurance Contract applies to shareholder loans and regular loans provided by a commercial bank that finances an investment or development project covered by Dhaman. Dhaman decides the eligibility of each contract on a case-by-case basis.

Member countries of Dhaman: Algeria, Bahrain, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Oman, Mauritania, Morocco, Palestine, Qatar, Saudi Arabia, Somalia, Sudan, Syria, Tunisia, United Arab Emirates and Yemen.

• Tenor of coverage: Contract validity of the loan insurance is concurrent to the repayment schedule of the loan. The tenor of the loan must exceed three years.

http://dhaman.net/en/our-products/investment-insurance/loans/

The Arab Investment & Export Credit Guarantee Corporation (Dhaman) is a multinational organization that provides guarantee services against commercial and non-commercial risks. Dhaman is owned by the governments of Arab states and four Arab financial institutions.

Public and private export credit agencies and insurance companies that have insured certain client risks have access to credit and political risk re-insurance or co-insurance instruments through Dhaman’s underwriting capacities.

Covered risks include:

• Commercial and/or political risks for export credit
• Political risk for cross border investment

• Export of goods or services from member countries
• Import of strategic goods or equipment of non-Arab origin
• Cross-border investments led by Arab countries

Member countries of Dhaman: Algeria, Bahrain, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Oman, Mauritania, Morocco, Palestine, Qatar, Saudi Arabia, Somalia, Sudan, Syria, Tunisia, United Arab Emirates and .

For the export of goods and services from Dhaman member countries: global coverage and decision on a case by case basis.

http://dhaman.net/en/our-products/credit-and-political-risks-re-insurance/