ITFC and STO sign USD 189M trade financing deal
2 years ago
The International Islamic Trade Finance Corporation (ITFC) has signed a USD 189 million trade financing agreement with the State Trading Organization (STO) – the corporation’s largest syndicated Murabaha trade financing agreement.
The agreement was signed by ITFC’s CEO Hani Salem Sonbol and STO’s CEO and MD Hussain Amr Mohamed Rashad in a ceremony at Hotel Jen in Male’ City on Sunday.
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