Our client: A local manufacturer of Fast moving consumer goods.
The opportunity: Our client has signed a contract for export and his need for raw materials far exceeds his financial capability.
Al Imdad Solution: By utilizing the local purchase financing product, Al Imdad paid the cost of the raw materials to the local supplier of raw material and the goods were stored in Al Imdad duty paid warehouses. Our client would draw the needed stocks from our warehouse as per his production schedule and would pay Al Imdad from the interim payments that are received from the buyer. “Enabling trade” and this transaction would not be possible under normal circumstances.
Our client: An importer of home appliances
The opportunity: Our client has managed to become an agent to a new brand of LCD television sets.
Al Imdad Solution: Al Imdad would open the Letters of Credit on behalf of the client, work diligently to source good shipping rates and customs brokerage, until the goods are securely stored in Al Imdad bonded facilities. As orders from the market are processed, goods are released from the bonded facility. In addition to the above Al Imdad bridged the gap between the payment of goods and our client getting paid from the market. Our client was able to grow and increase his sales without the need to extend his credit line from the bank.
Our client: A large distributor of Fast moving consumer goods
The opportunity: Our client has obtained a new agency for Juice. Neither his storage nor his financing capabilities are able to serve this product.
Al Imdad Solution: Imported goods are stored in Al Imdad bonded or duty paid warehouse as needed. Goods stored with Al Imdad for this client is subject to financing and our client has the option to request that a certain amount is paid to the supplier. At the same time his goods are secured and handled in the most professional manner, his inventory are managed on line by him, and if needed goods can be delivered from Al Imdad warehouses to the client warehouse or directly to market by Al Imdad trucks.
Our client: A local trader
The Opportunity: Our client has obtained a purchase order from a reputable local hospital to supply and install high end medical equipment. The supplier outside the country has requested a prepayment for the equipment and the amount exceeds our client financial capability.
Al Imdad solution: The client applied to use the Purchase Order Financing product, and Al Imdad paid the amount for the supplier. The equipment arrived to the country and immediately installed by our client. Payment to Al Imdad was settled directly from the hospital as per their purchase order and the balance of the amount was reimbursed to our client. Using the purchase order financing product from Al Imdad, our client fulfilled his obligation to his customer, grew his profit and improved his relationship with his suppliers.