|
|
| |
|
Since inception of the
Guarantee Service at the beginning of September 2003 to the end of 2009 gross
coverage undertaken by the program totaled more than SR. 3 billion for 49
polices. The actual exports covered accordingly reached about SR. 8.50 billion
(coverage included recurrent ceilings that allowed repetitive usage thereof,
explaining why the total amount of the actual exports exceeded that of the
coverage).
In 2009, 37 comprehensive export
insurance policies were renewed. In additional, a new insurrance policy was
signed with a total of SR. 9 million as illustrated in the following table: |
|
Policy No. |
Policy Holder Name |
Value of the Policy
(projected Exports) |
Number of Importers |
Involved Countries |
|
137/8 |
Al-Khareef Oil Company |
9.00 |
2 |
Indonesia |
|
Total |
9.00 |
|
| |
|
The cooperation agreement with Riyadh Bank
has been renewed on 11/06/2009. The purpose of this agreement is to confirm
L/C,s and guarantee the finance of pre and post -shipments, and participate in
the area of creadit information exchange, as
illustrated in the following table: |
|
Policy No |
Policy Holder's Name |
Value of the Policy (projected Exports) |
Involves countries |
|
M. T 002/7 |
Riyadh Bank |
442.50 |
Lebanon, Syria, Jordan and Pakistan |
|
Total |
442.50 |
|
|
The number of L/C,s confirmed throughout 2009 reached 207 with an amount
exceeding SR 236 million.
|
|
|
|
|
Insurance policies issued by SEP till the end of 2009
|
|
Year |
Number of Policies |
Active Insurance Policies |
Actual Exports |
|
2003 |
4 |
4 |
1.98 |
|
2004 |
9 |
13 |
42.33 |
|
2005 |
12 |
25 |
203.59 |
|
2006 |
15 |
39 |
715.25 |
|
2007 |
8 |
45 |
1760.24 |
|
2008 |
4 |
48 |
3525.44 |
|
2009 |
1 |
40 |
2261.98 |
|
Total |
8510.81 |
|
|
Documents Signed until the end of year 2009 |
|
|
| |
