Trade Sector at Mira Business Holding (MBH)
Mira Company aspires to revive heritage brands rooted in our ancestors, while developing them with a modern identity that suits the requirements of the contemporary market, ensuring high quality while preserving the authenticity of tradition.
In addition, we aim to expand our trade scope through:
Local and International Goods Exchange
We will work on strengthening import and export operations to ensure the provision of high-quality products that meet the needs of both local and international markets.
Import of Food Products
We will focus on importing rice from countries such as India and other Asian nations, while launching a private brand under Mira Company that ensures high quality and meets consumer requirements.
Trade in Vegetables and Fruits
We will work on enhancing the import and export of vegetables and fruits, with a focus on 100% local products, while also meeting market needs with imported goods when necessary.
E-Commerce
We will develop a fully integrated online platform to showcase our diverse products, with a new visual identity that ensures a unique and distinguished shopping experience for customers.
In addition to the above, MBHC seeks to strengthen the position of Saudi products in international markets through the Saudi exports program, by studying the needs of global markets and working on exporting national products in cooperation with the Saudi Export Bank. This enables us to reach international customers and provide high-quality products with distinguished specifications.
The Export Sector specializes in exporting a wide range of Saudi products supported by programs such as:
Saudi Export-Import Bank
Export Credit Insurance
Export Empowerment Program
Government Agencies Supporting the Access of Saudi Products to Global Markets
Work Mechanism
1
Identifying Saudi products eligible for export (Food Products, Building Materials, Industrial Products, Chemicals, Devices, etc.)
2
Studying African and Asian markets to identify demand and logistical barriers.
3
Communicating with Saudi factories and providing them with our services by facilitating and managing their export processes through the Export Bank.
4
Facilitating access to financing and export guarantees from the Saudi Export Bank.
5
Contracting with traders and companies in Africa and Asia to ensure continuous sales channels.
6
Managing shipping, logistics, and customs clearance to ensure safe and fast delivery.
7
Building long-term partnerships with distributors in target countries.
Sector Overview
Within the policy of the Custodian of the Two Holy Mosques’ government, may Allah protect him, and its wise vision “Vision 2030” towards encouraging Saudi industrial sectors and diversifying income sources, the “Made in Saudi” initiative was launched, preceded by the establishment of the Saudi Exports Program with the aim of promoting national exports.
Accordingly, a branch of Mira Business Holding Company (MBHC) was established as a national company concerned with exports in general and Saudi exports in particular, based on scientific and practical foundations that ensure the spread of Saudi exports and their marketing internationally. It also supports the national business sector to benefit from financing programs provided by local and international financing institutions for exports.
Export Financing
Granting the foreign importer financing facilities (direct or indirect) for the goods, products, or services to be imported from the Kingdom, provided that the product is 100% Saudi, or includes production inputs valued at twenty-five percent (25%) within the Kingdom. This is in return for the importer or the foreign bank (importer’s bank) committing to pay the value of the exports after a specific period of time agreed upon.
Export
The company operates on two main axes regarding Saudi exports:
First: Financing Facilities
Providing facilities and financing to companies importing Saudi products and funding turnkey projects, either directly through MBHC or indirectly from other sources.
Second: Services
– Providing price quotations for Saudi factory products to importers.
– Securing marketing contracts for Saudi factories abroad.
– Obtaining agencies and representation for our Saudi factory partners through our branches abroad or via our agents.
- Mali
- Ivory Coast
- Guinea
- Sudan
- India
- Senegal
- Indonesia
- Malaysia
- Pakistan
Opening new markets for Saudi products and assisting Saudi small and medium-sized enterprises in exporting.
Procedures followed to provide financing services across several entities (public and private sectors) related to financing Saudi non-oil exports.
Required Documents
- Company Profile
- Company Commercial Registration
- Products you wish to purchase for import from the Kingdom of Saudi Arabia (names of current factories you deal with and contact numbers)
- Audited financial statements of the company for the last three (3) years.
- Recommendation from 3 banks along with a no-objection letter from the client’s bank to open a Letter of Credit (LC) or provide acceptable guarantees for the required financing amount.
- Nama Almasiya Team (will discuss with the client first before issuing).
- Expected Annual Withdrawal Volume
- Minimum of 1.2 million US dollars
- Required financing period and the guarantees you intend to provide to the company in order to obtain credit.
- Definition of any credit facilities and their terms obtained from the Saudi factory, if available.
Based on the documents submitted by the client, the following will be carried out:
Presenting the file to Management
To commence execution.
Negotiation with the Client
On percentages and profit margin.
Preliminary Offer Submission
To the client, signaling the commencement of work.
Client Situation Analysis
By the company’s Credit Department and providing recommendations.
Built to Last
Where Ideas Become Landmarks
Highlights
Completed in 6 months
$450K budget
Energy rating: 5-star
Type: Residential
Highlights
Completed in 9 months
20-person capacity
Delivered 3 weeks early
Type: Commercial
Highlights
Built for 6-room practice
Zero downtime for neighbors
LEED-compliant design
Type: Commercial
Highlights
Gated access & Green space
Solar-ready construction
2,100–2,400 sq. ft. units
Type: Residential
Highlights
Zoned for restaurants and retail
Ample customer parking
Traffic-heavy location
Type: Commercial
Highlights
High-efficiency insulation
10-ft ceilings & luxury vinyl floors
Walk-in master suite
Type: Residential
Highlights
Completed in 6 months
$450K budget
Energy rating: 5-star
Type: Residential
Highlights
Completed in 9 months
20-person capacity
Delivered 3 weeks early
Type: Commercial
Highlights
Built for 6-room practice
Zero downtime for neighbors
LEED-compliant design
Type: Commercial
Highlights
Gated access & Green space
Solar-ready construction
2,100–2,400 sq. ft. units
Type: Residential
Highlights
Zoned for restaurants and retail
Ample customer parking
Traffic-heavy location
Type: Commercial
Highlights
High-efficiency insulation
10-ft ceilings & luxury vinyl floors
Walk-in master suite
Type: Residential