DS-Concept Provides $5 Million Export Factoring Facility to IT Products Distributor in Dubai
(firmenpresse) - MONCHENGLADBACH, GERMANY -- (Marketwired) -- 01/25/16 -- (), 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.
DS-Concept is an international trade financing expert, which has set itself the objective of ensuring liquidity to exporters. To meet that goal, DS-Concept assumes currency fluctuations and provides an optimized cash flow solution to its customers. With offices and affiliates in eleven countries, the DS-Concept Group () maintains the network necessary to provide its services to its customers around the globe.
DS-Concept Factoring GmbH
Flughafenstrasse 83
41066 Monchengladbach
Germany
Contact: Johan Geduhn
Fon: +49 2161 697790
Fax: +49 2161 6977979
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Datum: 25.01.2016 - 08:00 Uhr
Sprache: Deutsch
News-ID 1410846
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