Credit Oman S.A.O.C. commenced its export credit insurance and guarantee activities and has been servicing Omani policyholders since 1991. Credit Oman operates as a national export credit insurer in the Sultanate of Oman. It is an independent legal entity in the form of a closely held company fully funded by the Government of the Sultanate of Oman through sovereign funds which enables it to cover its financial needs and build up the necessary reserves in meeting its obligations.

The Agency meets the needs of policyholders by providing a range of facilities which include the following services: –

• Export Credit Insurance provides cover to Omani policyholders against commercial and non-commercial risks. These include buyer’s insolvency/ bankruptcy, buyer’s failure to pay, buyer refusing delivery of goods, foreign exchange transfer delay, import bans or cancellation of import license, payment moratorium, war, civil disorder, and natural disasters. Credit Oman’s insurance covers minimize the risk and maximize the opportunities of policyholders selling in foreign markets. Credit Oman indemnifies its policyholders in case of default in payment by their buyers
• Domestic credit insurance services to credit insured policyholders to cover also local sales apart from exports thus mitigating commercial risks of default and bankruptcy of the local buyers.
• Assists and guides the policyholders in recovering old outstanding and bad
• Advises policyholders on creditworthiness, payment records, financial position, commercial morality, and other related information on the buyers which assists policyholders in their decision for extending credit by acting prudently.