Improving the Role of Eximbanks/ECAs in the OIC Member States
145
Morocco
Société Marocaine d'Assurance à l'Exportation (SMAEX)
Name of Entity: Société Marocaine d'Assurance à l'Exportation (SMAEX)
Status: Public (34.98%)/private
ownership
Corporate Form: Parastatal Company
Year of Establishment: 1992 Capital: DH 37 mn
(USD 3.86 mn)
Size of staff: N/A
Financial outturn: N/A Assets: N/A
Product Offerings
Financing
 None
Guarantee
 None
Insurance
 Credit Insurance
 Credit Insurance (for SMEs)
 Medium-Term credit insurance
 Insurance for exploration of new markets/clients
Bonding Facilities
 None
Advisory and Other Services
 Debt Recovery Assistance
Islamic Finance Instruments
 None
Business Volumes:
2008 2009 2010
Dh Mn 2,810 4,034 4,159
USD
Mn
443.18
Source: Annual Report
Top Exports / Export Markets:
Products Exported (2013)
HS
Code Description
Value (USD
Mn) %
50-63
Textiles,
Clothing 4,537 19.7%
84-85 Mach/Elec 3,656 15.9%
28-38 Chemicals 3,638 15.8%
Others 11,211 48.7%
Total 23,041 100.0%
Source: UN Comtrade
Top 3 Destinations (2013)
Order Country Value (USD Mn) %
1 Spain 4,631 20.1%
2 France 4,403 19.1%
3 Brazil 1,434 6.2%
Others 12,573 54.6%
Total 23,041 100.0%
Source: UN
Comtrade