Menafactors introduces factoring benefits to Agri-Food Members

21.11.2013

Menafactors was recently invited to address the monthly meeting of the Agri-food members of the Dubai Multi Commodities Center to explain the nature of factoring and how factoring can offer a non-traditional finance solution to the working capital needs of DMCC commodity trading members. The event was held at the Radisson Blue Hotel in Deira.

During the event, Mr. Bassam Azab, Menafactors' Regional Head of Business Development, took those present through the factoring process and explained how a factoring company can help traders improve their working capital cycle by offering discounting to their receivables or by financing their payables to their suppliers.

Menafactors' presentation was very well-received by the more than 50 DMCC Agri-food trading members who attended the event, where Menafactors representatives had the opportunity to explain in detail the workings of the factoring services on offer to help businesses better address their working capital needs.

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