Amr Kamel

#ICD and #Afreximbank #sign $100m line of #financing #deal

The Islamic Corporation for the Development of the Private Sector the private sector arm of Islamic Development Bank Group and the African Export-Import Bank signed a line of financing agreement for a $100-million facility on December 24th in Jeddah.

The $100-million line of financing facility will be utilized by Afreximbank to provide Shariah-compliant financing to small and medium-sized enterprises in its member countries in Africa. Afreximbank has a solid pipeline of projects in the industrial, communication, technology, health care, construction and agricultural sectors that would be financed by the ICD line of financing.

Source: 

http://saudigazette.com.sa/article/524858/BUSINESS/ICD-and-Afreximbank-sign-$100m-line-of-financing-deal

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