Credit Oman issued the statistics for the first quarter of the current year, revealing an increase of the total value of insured sales and approved credit ceilings for domestic and foreign sales, compared to the first quarter of last year. In fact, the total value of insured sales for the first quarter of the current year reached 23,123,000 Omani Riyals with a 5.96% increase, compared to 21,821,000 Omani Riyals in the same period of last year. The insured sales for exports from the Sultanate and to the world accounted for 17,943,000 Omani Riyals in the first quarter of the current year, whereas the domestic insured sales in the Sultanate accounted for 5,179,000 Omani Riyals.
In these statistics, Credit Oman noted that the total value of approved credit ceilings for domestic and foreign sales reached 112,094,000 Omani riyals in the first quarter of the current year, i.e. an increase of 18.30% compared to 86,105,000 Omani Riyals last year. The approved credit ceilings for exports accounted for 84,067,000 Omani Riyals in the first quarter of the current year, whereas the approved domestic credit ceilings accounted for 28,027,000 Omani Riyals.
Credit Oman is working to boost Omani exports to reach all parts of the world and to increase local sales that contribute to the advancement of local exporters and manufacturers, through its insurance solutions, confirming its commitment to support exporters and producers despite the conditions the world is currently witnessing due to the COVID-19 pandemic.
Credit Oman reaffirms its commitment to promote exports, despite the Coronavirus Disease” (COVID-19) consequences