Open account and non-recourse receivables finance driving trade-finance growth in the GCC

Region:

Middle East & Africa

Jeroen Reyes Stolker

Head of Trade Finance Middle East and India at Barclays Bank

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Open account trade has been growing in GCC markets during the last few years . As a result, some of the more sophisticated companies have started to move to non-recourse receivables finance programmes and benefit from best working capital practices prevalent in other regions.