DS-Concept Provides $5 Million Export Factoring Facility to IT Products Distributor 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 distributor based in Dubai, UAE. The client, exporting a wide array of IT products and electronics components, anticipates an annual factored volume of $50MM-$55MM for 2016. With this new export facility in place, the client will continue to focus on their growing exports within the Middle East to major customers such as Ericsson, Huawei and Microsoft.
“With state of the art distribution facilities, and ofﬁces all over the UAE, we are very pleased to bring on a client that is truly a veteran in their sector,” states Ankit Goel, Managing Director of DS-Concept Intelligent Trade Finance Limited, the Dubai entity of the DS-Concept Group. “DS-Concept is excited to partner with our client to provide the critical working capital needed as they further penetrate their key verticals and explore new business opportunities around the globe.”
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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