Monday
February 19
2024

ITFC, Asia Alliance Bank Ink $10 Million Deal to Boost Private Sector in Uzbekistan

Saudi-based International Islamic Trade Finance Corp. has signed a $10 million agreement with the Asia Alliance Bank to bolster trade funds for Uzbekistan’s private sector.

As part of the deal, the corporation will provide a $10 million financing arrangement to address trade budget needs, prioritizing small and medium-sized enterprises.

Photo courtesy of Edward Howell.

Source: Arab News (link opens in a new window)

Categories
Investing
Tags
international trade, Islamic finance, MSMEs