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 You Are Here: Doha Branch of ICBC >Products & Services >Corporation Banking >Non-financing Letter of Guarantee
Non-financing Letter of Guarantee
 

1. Local advantages: Project owners located in both UAE and Qatar generally only accept letter of guarantee from local banks under most conditions.

2. Local Laws: Having better understanding about the GCC law system (GCC countries including UAE, Qatar, Saudi Arabia, Bahrain, Oman, Kuwait)

3. Price advantage: Providing better offer in fee charges of letter of guarantee.

4. Currency diversity:
ICBC (Middle East) Ltd. could open letter of guarantee in US Dollar, Euro, and GCC local currencies accept Dirham;
ICBC Doha Branch and ICBC Abu Dhabi branch could open letter of guarantee in US Dollar, Euro, and GCC local currencies.


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