Rated A+ stable outlook by Standard & Poor’s, DHAMAN is a multilateral credit and political risk insurer owned by 21 Arab countries. It has been playing since 1974 a significant role in promoting investment flows into Arab countries as well as Arab domestic and foreign trade. DHAMAN has built an extensive and solid network of partners worldwide, including credit insurers, reinsurers, and brokers.

✓ Investment insurance: DHAMAN protects Arab and non-Arab investors investing in Arab countries against losses arising from political risks: expropriation and nationalization, currency inconvertibility and transfer restrictions, war and civil disturbances, terrorism, and breach of contract. Both new and existing investments are eligible.

✓ Trade credit insurance: Dhaman provides cover against political and commercial risks (bankruptcy and protracted default) for:

• Arab countries’ domestic trade,
• Arab exports worldwide,
• Arab countries’ imports of capital goods and strategic commodities from non-Arab countries

✓ Financial institutions: Dhaman provides financial institutions with adequate insurance contracts, which include:

• The Non-payment Insurance Policy protects banks providing trade finance against the default of the obligors.
• The Leasing Insurance Policy (LIP) protects the Lessor against the Lessee's default.
• The Factoring Insurance Policy (FIP) protects the Factor against the default of the obligors.

✓ Specialty coverage: Dhaman’s Non-honoring of Sovereign Financial Obligations (NHSFO) policy is intended for financial institutions that provide loans to sovereign and sub-sovereign entities for infrastructure projects and other developmentally sound investments in Arab countries.

Founded: 1974
Ownership: All Arab countries + 4 pan-Arab financial institutions