DS-Concept Factoring provided a $5 million export accounts receivable facility to a trading company based in Dubai, UAE.
The client, trading a wide array of consumer products such as canned food, beverages, home appliances, electronics and auto accessories, anticipates an annual factored volume of $45 million to $50 million for the year. With this new export facility in place, the client will continue to focus on their growing exports to the Middle East, Europe and U.S.
“In Dubai, as it is the logistics hub for the region, we provide a unique service for the global trading and re-export business,” states Ankit Goel, managing director of DS-Concept UAE. “Whether these trading companies are newly established in the region or looking for global expansion, many of these organizations can greatly benefit from our non-recourse factoring product.”