The agreement was signed by Eng. Hani Salem Sonbol, Acting CEO of ITFC and Eng. Jamal Ba’amer, General Manager of SAMIR in the presence of H.E El-Sheikh Mohammed Hussei Al-Amoudi, Chairman of the Board of …Read full article » Saudi Arabia: Tuesday, April 24 - 2012 @ 11:39
The agreement brings together a total of 28 financial institutions including ITFC as participants, which is considered a landmark achievement for being the largest syndication raised by the ITFC for a single client.
The …Read full article » Saudi Arabia: Tuesday, April 24 - 2012 @ 09:01
The ITFC deal was selected for the award as it demonstrates a number of significant innovations compared to standard pre-export finance, as well as being Shariah-compliant and of great social and economic importance.
Dr. Waleed Al …Read full article » United Arab Emirates: Wednesday, March 25 - 2009 @ 14:40
The signed memorandum of understanding covers the 1432H (2011) financing and implementation plan to facilitate the utilization of $2 billion made available for the benefit of the Government of Bangladesh for the importation of crude …Read full article » Saudi Arabia: Monday, December 27 - 2010 @ 14:19
The ITFC managed to mobilize more than 60% ($250m) of the total amount from external banks for this trade finance operation. This demonstrates that the ITFC can reassure markets and secure trade financing in spite …Read full article » Saudi Arabia: Monday, June 29 - 2009 @ 09:59
Commenting on the results of the first half of 1431 (2010), Dr. Waleed Bin Abdul Mohsen Al-Wohaib, CEO ITFC, said: “These results reflect our continued efforts to advance trade by contributing to the development of …Read full article » Saudi Arabia: Thursday, August 12 - 2010 @ 13:11
Participating in the section devoted to Islamic Finance in Trade & Export Finance, Mr. Hani Salem Sonbol, ITFC Deputy CEO, addressed the conference with a keynote speech titled ‘Islamic Trade Finance – Opportunities and Challenges, …Read full article » United Arab Emirates: Monday, March 02 - 2009 @ 11:46
The memorandum includes areas of cooperation such as trade promotion activities by holding specialized exhibitions, organizing seminars and workshops for businessmen discussing supply and demand of potential trade commodities, and establishing a mechanism for exchanging …Read full article » Saudi Arabia: Monday, February 16 - 2009 @ 15:29
Organized on behalf of the ITFC by the Islamic Development Bank in coordination with the Export Promotion Center of Turkey (IGEME), the on-job training program was conducted to familiarize participants with the organizational structure of …Read full article » Saudi Arabia: Tuesday, March 10 - 2009 @ 10:16
The meeting was held as part of the 34th Annual Governors Meeting of the Islamic Development Bank. It included a review of the most important developmental steps taken by the corporation since its inauguration a …Read full article » Saudi Arabia: Thursday, June 04 - 2009 @ 16:38