MUSCAT: The Export Credit Guarantee Agency of Oman (ECGAO) Board approved at its second meeting this year, which was held at its headquarters, the ceilings of credit totalling RO 1.845.000 million ($4.000.797). The share of the approved domestic credit limits of the total of these ceilings totalled RO 905,000 ($2.000.353), while the value of the credit ceilings for exports amounted to RO 940,000 ($2,000,444). The meeting reviewed and approved minutes of the previous meeting.
The meeting also approved the developed products and the new services in the agency that keep pace with the government’s directives under the leadership of His Majesty Sultan Qaboos to serve all Omani exporters, manufacturers and owners of small and medium enterprises and to encourage Omani exports to reach all the countries of the world. Said bin Saleh al Kiyoumi, Chairman of Oman Chamber of Commerce and Industry (OCCI), and Chairman of ECGAO Board chaired the meeting, which was attended by members of the board, representatives of government agencies from the Ministry of Finance, the Ministry of Commerce and Industry and Oman Investment Fund. — ONA
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