DS-Concept Provides $5 Million Factoring Facility to Trading Company in Dubai
DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has 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 $45MM-$50MM 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 USA.
“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 Factoring 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.”
The DS-Concept Group maintains a network of offices and affiliates all over the world, including USA, Bulgaria, Hungary, Turkey, Pakistan, Bangladesh, Spain, UK, China and the United Arab Emirates as well as the headquarters in Germany. Combining credit protection, collections, and financing into a single suite of trade finance products, DS-Concept brings streamlined, flexible and best-in-class services to the world's exporters.
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