Petra Concentrates Juice Industries Signs an Export Credit Guarantee Agreement with JLGC

Petra Concentrates Juice Industries Signs an Export Credit Guarantee Agreement with JLGC

Petra Concentrate Juice Industries and Jordan Loan Guarantee Corporation have signed an export credit guarantee agreement under which all Petra Company will be insured with a coverage rate of 90% of the value of exports and a sales volume of approximately 10 million US dollars.

 

Mr. Jamal Abu Amro, General Manager of Petra Concentrate Juice Industries, praised the role of JLGC in supporting Jordanian exporters through the Export Credit Guarantee Program and the importance of providing insurance protection for national exports through this program, which helps national companies expand the volume of their existing exports and enter new markets .

 

For his part, Dr. Mohammad Al-Ja’fari, Director General of the Jordan Loan Guarantee Corporation, expressed his continued pride in the company’s provision of insurance coverage for national exports through the Export Credit Guarantee Program, which allowed the Central Bank to support its significant expansion by bearing the Central Bank-funded program for the costs of credit inquiries and provision of provisions Sufficient funds to expand work in the program in support of national exports.

 

Dr. Ja’fari  indicated that the program provides insurance for potential default risks from importers outside the Kingdom, which allows the Jordanian exporter to avoid such risks and reassure the existence of such a national program, calling on all Jordanian exporting companies to contact the company to learn more about the program's advantages.