Export financial service consulting from Riyada Consulting and VA TECH Finance

The agreement was signed by HE Shaikha Dheya Al Khalifa president of Riyada Consulting and Mr. Fraczek Adolf vice president of VA TECH Finance.

'Signing this agreement is another step toward realizing the expectations of our valued clients. Since inception, Riyada Consulting has committed toward achieving the objectives of its clients, and today we have the chance to renew this commitment by launching a new export finance consulting service which will fulfill their requirements' Shaikha Dheya said:

'Through this new service our clients can finance up to 85% of their imports of the industrial goods and equipment from European and other countries with flexible and low interest rates and long repayment periods up to 15 years after commencing the project activities. Hence, their profits will be maximized as the cost of capital decreases'.

Shaikha Dheya added: 'We are confident that this service would benefit the development of Bahrain economy and contribute to realize the vision of its wise leadership of His Majesty the King, Hamad Bin Isa Al Khalifa, The Prime Minister, Shaikh Khalifa Bin Salman Al Khalifa and The Crown Prince, Shaikh Salman Bin Hamad Al Khalifa'

'I am glad to be in Bahrain today to sign this co-operation agreement with Riyada. This agreement will enable us to expand our activities to cover MENA region. VA TECH Finance is one of the pioneers in export finance. And we intend to use the experience gained from our operations all around the world - for which we won several performance awards - to provide distinctive services for the regional investors which are not usually offered by traditional commercial banks. We are sure that the long experience and the excellent reputation of RIYADA will enable us to penetrate the regional market' Said Mr. Adolf Fraczek.

VA TECH Finance as a centre of excellence specializes in finding comprehensive solutions to financial problems, financial project development and providing financial risk management services to projects and companies. VA TECH Finance has its head office in Vienna, Austria and subsidiaries in India, Ireland and Italy. VIA its in-house financing institution VA TECH Finance (Ireland) Ltd. Which acts as an arranger, lender and agent in financial transactions most attractive pricing on the financing market can be secured.

VA TECH Finance has excellent relations to European institutions handling export promotion systems as well as to development and commercial banks. Its customers benefit by getting tailor-made financing solutions structured consisting of the combination of different financial products and sources. Due to its experience, market knowledge and dedicated team VA TECH Finance can minimize the time period to reach financial close.