GTR KSA - Trade and export finance conference

Global Trade Review returned to #Riyadh, #SaudiArabia for the annual GTR KSA #trade, #supplychain, #commodity and #infrastructure #finance conference on May 15. Having welcomed over 400 delegates, we're thrilled that attendees found the networking opportunities valuable and appreciated the insightful discussions provided by over 30 expert speakers on the latest KSA trade market trends, challenges, and future projections. Speakers shared key insights into export credit and it's role in developing growth markets, the progress on digital trade, current cash management strategies, smart ports, logistics and shipping, #ESG and supply chain finance and future-proofing trade finance. #GTRKSA is set to return to Riyadh in May 2025 to once again deliver the leading event in the region for engaging with significant players in the Saudi trade and trade finance community. Visit gtreview.com/gtrksa to register your interest for next year.

As part of its continuous efforts to enhance market transparency and facilitate credit business operations, Bayan Credit Bureau announced the signing of three membership agreements with; Easy Travel, Thara Investment Company and Abdullah Al-Khatib & Sahar Al-Shehri Company at #GTRKSA on May 15.

Having welcomed over 400 delegates to the annual #GTRKSA #trade, #supplychain, #commodity and #infrastructure finance conference in #Riyadh on May 15, we would like to extend a massive thanks to all those who participated in this year’s event! The overwhelmingly positive feedback received has been truly gratifying. We're thrilled that attendees found the networking opportunities valuable and appreciated the insightful discussions and analysis provided by over 30 expert speakers on the latest #KSA trade market trends, challenges, and future projections. GTR is excited to return to Saudi Arabia in May 2025, bigger and better than ever. Visit www.gtreview.com/gtrksa for more event details and announcements. 🤝 Looking to make more connections in the market? Don’t forget to access the free GTR Directory for contact details of over 2,000 trade finance representatives. Visit gtreview.com/directory 📰 And stay up to date with #tradefinancenews. Visit gtreview.com/news to access 4 publication or news articles a month! 🚨 GTR are excited to announce our new GTR MEA publication, set to launch in August combining both our previous GTR MENA and GTR Africa supplements! Visit gtreview.com/publications to find out more. 🏆The GTR MEA Awards highlight the best trade finance #banks in the #Africa and the #MiddleEast. Enter your free submission at gtreview.com/GTRMEA-awards. From all of us here at GTR, we thank you for your support and look forward to connecting with you again at another upcoming event 👉 gtreview.com/events

To end an excellent day of discussion at #GTRKSA in #Riyadh on May 15, our event partners FCI hosted a fundamentals of factoring and open account receivable finance workshop. The workshop was designed to delve into the essentials of factoring and open account receivables finance, specifically concentrating on establishing robust open account trade finance and factoring operations within organisations. This workshop served as a developmental roadmap, offering insights into building such operations, complemented by enlightening case studies and success stories from various nations. Throughout the workshop, Spyros Tsolis (FCI ) and Doaa Hafez (FCI ) explored the nuances of #SME financing and concentrated on how factoring and supply chain finance play pivotal roles in facilitating financing for SMEs. Furthermore, the workshop covered Islamic international factoring, explaining how it works and how to engage in open account transactions both with Islamic financial institutions and conventional ones. #Factoring #SupplyChainFinance

Many companies across the #GCC and wider #MiddleEast region have experienced financial losses resulting from non-payment from international buyers. Though this has been more of a regional trend than a Saudi-specific one, as the largest market in the region and with the country's ongoing process of diversification, economic transformation and non-oil trade growth, this has seen more companies taking out the insurance product as a means of protecting themselves. Industry leaders at #GTRKSA in #Riyadh on May 15 provided an informative overview of the #tradecredit and #politicalrisk offering, including how #creditinsurance can not only protect against the risk of non-payment for goods and services but also provide other benefits such as improve access to capital, raise export levels and enter new international markets. The conversation considered the different provisions and providers active in the Saudi market – both inward and outbound – from the emergence of Saudi Exim to the role of #multilaterals to the growing private sector providers. 💬 Mahan Bolourchi (Howden) 💬 Zena Brake, CFA (Allianz Trade in Middle East) 💬 Ali Alkhamis (BSF) 💬 Syama Mariam Jilani (Howden) 💬 Mohammed Al-Besher (Saudi EXIM Bank) #InfrastructureFinance

The market seeks to leverage technology and utilise a range of tools to help build a more resilient and dynamic #tradefinance ecosystem. This session at #GTRKSA in #Riyadh on May 15 brought various experts in the industry together to address a range of themes, from using advanced analytics to enhancing trade credit decisions, to exploring integrating credit bureaus, to examining the role of credit information in supporting #SMEs and addressing the intersection of credit reporting and emerging technologies. 💬 Maninder Bhandari (Derby Group of Companies) 💬 Amol K Bahuguna (Riyad Bank) 💬 Sivakumar (Siva) Kuriyakkattil (First Abu Dhabi Bank (FAB) 💬 Abdulrahman Alangari, MBA عبدالرحمن العنقري (Bayan Credit Bureau) 💬 Ali Alkhamis (BSF) 💬 Kamel Moris (QNB Group) #CommodityFinance #TradeCredit

Supply chain finance is on the rise in KSA; with banks and corporates alike bridging access to financing for small businesses through SCF structures and connecting to the plethora of third-party APIs, the need for digitisation has never been more pressing. Digital systems with rigid workflows and non-SCF loan management systems lead to lost opportunities. On May 15 at #GTRKSA, Managing Director of Veefin, Raja Debnath, showcased an end-to-end product stack that seamlessly digitises onboarding, multi-facility underwriting and #SCF loan management, while already integrated with various KSA specific APIs, allowing lenders to rely on a single technology provider for an out-of-the-box solution. It also highlighted how having the right technology partner armed with the correct domain expertise can help Saudi and regional #FIs gain an edge over the competition. #SupplyChainFinance #TradeFinance

Demand for #supplychainfinance solutions has rocketed across the Kingdom, as corporates seek to monetise their receivables at competitive rates and secure immediate funds without the need for further borrowing. The launch of specialised supply chain finance programmes utilising digital platforms to integrate with client systems and reduce the need for manual processes has been seen as transformational in improving cash flows across the entire supply chain, whilst the ongoing drive for greater sustainability and #ESG-adherence provides a huge opportunity. Industry leaders, Farrukh Siddiqui (Emerging Capital Management Partners), Oleksandr Savchenko (Standard Chartered Bank), Umar T. Pirzada (UTP) (Almajdouie Motors), Anjum Noman Mirza (The Saudi National Bank - SNB), Gerald Huang (Premium Technology Inc) and MRITUNJAY SINGH (Abu Dhabi Commercial Bank (ADCB), examined this evolution and addressed a number of key themes during #GTRKSA trade and trade finance conference on May 15. #TradeFinance

The uncertainty of the present climate has placed increasing pressure on working capital strategies, whether that's receivables (late payments, high DSO), rising interest rates or challenges on the inventory side. At #GTRKSA in #Riyadh, IRFAN KHAN (GE International), Motasim Hasan Iqbal (Standard Chartered Bank), Elat Niyas (Al Masaood), Syed Hassan Javed (Gulf International Bank), Zaid Al Zaid (Rawabi Holding Group) and Claire Saide كلير سيدي (Business TV Presenter & MC) considered how current market conditions are shaping working capital strategies for corporates and financiers alike. #WorkingCapital #TradeFinance #SupplyChainFinance

The potentially transformational impact of legislation in speeding up and simplifying the process for digitising trade received a huge boost in September 2023 with the enactment into law of the UK’s Electronic Trade Documents Act, meaning that electronic trade documents will have the same legal outcomes as their paper equivalent. At #GTRKSA in #Riyadh on May 15, Chris Southworth (ICC United Kingdom; Commonwealth Legal Reform & Distribution Programme), Huny Garg (Swift) and Aneel Sabir (Enigio) provided an update on this significant step, highlighting the importance of collaboration across various industry bodies and key players in the digital trade ecosystem, and bringing together extensive expertise and robust technology to adopt similar legislation across all jurisdictions to make paperless trade a reality. #DigitalTrade #TradeFinance