Credit Oman SAOC was founded in 1991, under the name of Export Guarantee Financing Unit (EGFU). Since its inception, Credit Oman has played a pivotal role in facilitating domestic and export trade and contributing to Oman’s economic development. For over 30 years, Credit Oman has both shaped domestic trade, and catalyzed exports from the country to regional and international markets.
ABOUT CREDIT OMAN
OMANI EXPORTS
30 years of insuring trade
The Sultanate of Oman is geared towards achieving Vision 2040, an ambitious plan which will transform the nation and enable economic diversification.
Aligned with the goals of Vision 2040, specifically ‘Creating Wealth through Economic Diversification and Private Sector Partnership’, Credit Oman, as the leading credit insurer in Oman, is empowering the private sector to grow beyond borders. Economic diversification entails the shift from an oil-based economy, to one that is driven by the private sector and SMEs, for national prosperity.
PRODUCTS
The products and services provided by Credit Oman contribute to facilitating trade for companies registered in Oman, both on a domestic and international level. The trade credit insurance products allow for businesses to trade safely and protect their cash flow, through the various tools provided under each policy.
Policies for corporate clients
Trade credit insurance policy
For companies registered in Oman, seeking to trade with local buyers or export their products or services internationally, the short-term trade credit receivables policy safeguards sales transactions and protects cash flow.
Multi-buyer trade credit insurance policy
The Multi-buyer Policy by Credit Oman, offers full buyer portfolio coverage. This policy is ideal for companies selling to a large number of buyers, locally in Oman or exporting to international markets.
SME Policy
The SME Policy by Credit Oman, is tailored for small and medium sized enterprises, both selling goods and services in Oman, as well as companies selling to international markets. This policy for can be used by companies registered in Oman as SMEs and have a permit to trade.
Advance Payment insurance policy
The Advance Payment insurance policy is issued to companies that are registered in Oman. The policyholder purchases this Policy, to insure the advance payments that the policyholder is carrying out, for both local and international suppliers.
Extended short-term credit insurance policy
The extended short-term credit insurance policy insures its holders against the payment default of their corporate buyer for the sales of goods and services, payable by instalments, over a period of up to 36 months.
Policies customized for Banks
Documentary Credit Insurance Policy (DCIP)
The Documentary Credit Insurance Policy (DCIP) by Credit Oman, is a specialized policy for banks. It provides a Letter of Credit (LC) confirmation to safeguard export trade transactions. It is available for commercial banks and financial institutions. It protects them against risks or default or non-payment by the buyer, based on the LC issued by the importer’s bank.
Are you aware of them?
NEWS
Credit Oman and the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) sign Reinsurance Agreement
Credit Oman, Oman’s leading credit insurer and an advocate of …
June 7, 2021
Credit Oman and Muscat Finance sign MoU to support Oman’s manufacturers and exporters grow their sales
Credit Oman and Muscat Finance have signed an MoU to collaborate and support …
May 3, 2021
The volume of sales insured by Oman Credit has increased by about 33 percent compared to last year, amounting to more than 106 million Omani riyals
Despite the consequences of the Coronavirus Disease (COVID-19) …
March 28, 2021