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Islamic Finance Briefing - Categorized | Banking, Market Moves more

ICIEC, NCB sign deal to support Saudi SMEs

Posted on 23 October 2012

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank Group, signed Saturday at the Jeddah Chamber of Commerce and Industry ( JCCI ) headquarters a Memorandum of Understanding (MOU) with the National Commercial Bank ( NCB ) in encouraging small and medium enterprises (SMEs) in Saudi Arabia to export. The agreement also calls for cooperation among the signatories to provide solutions to meet the funding problems of SMEs.
The signing of agreement was held under the auspices of Sheikh Saleh Abdullah Kamel, Chairman of the JCCI , and under the supervision of Abdulaziz Nasser Al-Sorayai, Chairman of the Industrial Committee of the Chamber, and in the presence of a large number of Saudi businessmen………………………………………..Full Article: Source

 
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