Export Bahrain has signed a Memorandum of Understanding with the Bahrain Development Bank (BDB). According to a July 2022 BDB press release, the MOU will provide further export services to Bahrain-based companies in the form of preferential rates when obtaining financial support.
Establishing exclusive partnerships
“Export Bahrain’s vision and efforts are geared towards establishing exclusive partnerships to ease and find solutions to the different challenges that Bahrain-based businesses may encounter during their export journey. Hence, through this new partnership with the Bahrain Development Bank, and by enhancing our Export Financing solution, we are confident that exporters would reap the benefits of this strategic agreement,” said Ms. Safa Sharif Abdulkhaliq, Export Bahrain Chief Executive.
This new solution provided by Export Bahrain will help companies obtain short-term financing to cover the costs of processing export transactions, as they expand globally and grow internationally.
“Supporting the global expansion and international growth of Bahrain-based SMEs is a primary objective at the Bahrain Development Bank. Our aim is to extend our key products and services to SMEs from all various sectors,” said Ms. Dalal Al Qais, Bahrain Development Bank Group Chief Executive Officer.
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