1. Activities & Services
More than 35 years of experience
in credit & political risks insurance
The Arab Investment & Export Credit Guarantee Corporation
“Dhaman”
Your Partner for Success!
www.dhaman.org

2. The Arab Investment & Export Credit Guarantee Corporation “Dhaman”
WHO WE ARE
Dhaman is an Arab supranational political risk (investment) and credit insurance provider. Its membership
comprises all Arab states and four pan regional financial institutions owned by Arab governments. A
Shareholders’ Council and a Board of Directors representing the Member Countries guide the programs
and activities of Dhaman. Voting power is weighted according to the share of capital each Member Country
has. Based in Kuwait, Dhaman commenced its operations in April 1975 as the first multilateral investment
guarantee provider in the world. It is rated AA stable outlook by S&P.
OUR MEMBER COUNTRIES
Algeria
Bahrain
Djibouti
Egypt
Emirates
Iraq
Jordan
Kuwait
Lebanon
Libya
Mauritania
Morocco
Oman
Palestine
Qatar
Saudi Arabia
Somalia
Sudan
Syria
Tunisia
Yemen
OUR TEAM
Our staff has extensive experience in commercial and political risk insurance, with backgrounds including
risk management, banking, financial analysis, trade and project finance and international law.
operations@dhaman.org

3. OUR HISTORY
1974 Establishment of the Corporation
1975 Started providing investment guarantee against political risks
1985 Launching of “The Investment Climate in the Arab Countries” report
1986 Started providing credit risk insurance
2000 Increase of the capital by USD 100 million
2005 Launching of the lease insurance policy
2006 Launching of the LC confirmation insurance policy
2008 First rating obtained by Dhaman AA- stable outlook by S&P
2009 Launching of AMAN UNION, a union of Arab & Islamic ECAs
2010 Launching of the factoring insurance policy
2011 Started providing domestic credit insurance in Member countries
2012 DHAMAN is rated AA Stable Outlook by S&P
OUR MISSION
Promote the flow of foreign direct investment (FDI) into Arab countries through providing political risk
insurance to Arab and non Arab investors and lenders;
Enhance Arab countries’ exports through providing political and commercial risk insurance to Arab
exporters;
Support Arab domestic trade through providing commercial risk insurance to B to B sales;
Support economic growth in Arab countries through providing political and commercial risk insurance to
non Arab exporters and financial institutions involved in the sales of commodities, raw materials, equipment
and other developmentally sound goods and services to Arab importers.
OUR VALUE
Research and FDI promotion: Dhaman undertakes the promotion of the flow of investments within Arab
countries by carrying out research and knowledge sharing activities, technical assistance to Arab FDI
promotion agencies, and cooperation with Arab and international organizations involved in investment
promotion.
Prompt claims payment: thanks to its strong balance sheet and stable stream of operating income,
Dhaman pays claims promptly and within short waiting periods: from one to four months depending on
the insured risk. Compensation reaches 90% of the loss with the possibility to obtain 100% of the loss in
some cases. Dhaman’s preferred creditor status with its member countries allowed the recovery of 100%
of political risk related claims in Arab countries.
Easier access to funding: our insurance policies help exporters and investors obtain trade and project
finance from banks on enhanced terms. Our rating helps reduce provisioning requirements for lenders,
leading to reduced borrowing costs.
Capacity mobilization: Dhaman is able to provide insurance for large scale transactions through its ability
to secure reinsurance capacity.
www.dhaman.org

4. OUR CUSTOMERS
Dhamanprovidesbespoke,comprehensive,andcost-effectiverisk-mitigationproductstoinvestors,exporters,
banks, lessors, factors and credit and political risk insurers.
THE RISKS WE COVER
Commercial Risks:
Bankruptcy and protracted default;
Political Risks:
Nationalization, confiscation, sequestration, expropriation and compulsory seizure.
Military actions emanating from the Country of Import , the Host Country or from a foreign source.
Public civil disturbances such as revolutions, coups d’états and acts of violence of a public nature.
Currency inconvertibility, non-transfer and imposition of a discriminatory rate of exchange.
Breach of contract by a host government (includes arbitral or judicial award default).
OUR PRODUCTS
For exporters:
Short Term Credit Insurance Policy covering revolving receivables generated from pre-agreed foreign
buyers. The cover may be extended to buyers in the local market (Domestic Credit Insurance). Risks
covered: commercial and political.
Medium to Long Term Credit Insurance Policy covering a single transaction with an agreed amortization
schedule (up to 7 years). Risks covered: commercial and political.
Unconfirmed Letter of Credit Insurance Policy protects against the payment default of the issuing bank
under the Letter of Credit (specific transaction). Risks covered: commercial and political.
For investors
Investment Insurance Policy
Covers Arab and non Arab direct or indirect investments in Arab countries, including total project ownership,
equity and investment portfolios (shares & bonds). Cover is provided for 10 years and can be extended to
15 years. Both new and existing investments are eligible. Risk covered: political only.
Contractor’s Equipment Insurance Policy
Covers mobile assets used by the contractor in the host country. Risk covered: political only.
operations@dhaman.org

5. For Banks
Confirmed Letter of Credit Insurance Policy protects the L/C confirming bank against the default of the
issuing bank. Risks covered: commercial and political.
Buyer Credit Insurance Policy (Trade Finance): protects lending banks against the non-payment by the
foreign borrower (importer or bank) of the credit amount disbursed to the exporter. Buyer credit insurance
is available for short term as well as for medium to long term. Risks covered: commercial and political.
Loan Insurance Policy (Project Finance): protects the lender against the risk of non-payment of a Public
Debtor (Non-honoring of Sovereign Financial Obligation) or a Private Debtor. Loan tenor must exceed 3
years. Risk covered: political only.
For Factors and Lessors
Factoring Insurance Policy covering revolving receivables generated from pre-agreed foreign and local
buyers. Risks covered: commercial and political.
Leasing Insurance Policy: protects the lessor against the default of the lessee. Cover applies to both
cross border and domestic leasing transactions. Risks covered: commercial and political for cross border
leasing and commercial only for domestic leasing.
For Credit and Political Risk Insurers and reinsurers
Dhaman provides additional capacity to credit and political insurers and reinsurers on a facultative basis.
Dhaman significantly participates in quota share reinsurance treaties signed between ECAs from Member
Countries and international reinsurance providers.
www.dhaman.org

6. “Dhaman”
Your Partner for Success!
Regional Office:
Kingdom of Saudi Arabia
P.O. Box 56578, Riyadh 11546
Tel: (00966) 1 4789270 / 80
Fax: (00966) 14781195
Email: riyadhoffice@dhaman.org
CONTACT DETAILS
Main office:
The Arab Investment & Export Credit Guarantee Corporation
P.O. Box 23568 Safat 13096
State of Kuwait
Tel: (00965) 24959555 / 000
Fax: (00965) 24959596 / 7
Email: operations@dhaman.org
Website: www.dhaman.org
www.dhaman.org