ITFC and STO sign USD 189M trade financing deal

6 hours 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. The