The Islamic Company for the Insurance Policy of Financial Investment and Export Credit Scores (ICIEC) (), a Shariah-based multilateral insurance provider and a participant of the Islamic Advancement Financial Institution (IsDB) Team, is pleased to reveal a considerable insurance coverage arrangement with Deutsche Financial institution AG. This collaboration was sealed with the finalizing of a Non-Honouring of a Sovereign Financial Responsibility (NHFSO) insurance plan throughout the IsDB Team Yearly Satisfying 2024 in Riyadh. The finalizing was officiated by ICIEC CHIEF EXECUTIVE OFFICER Mr. Oussama Kaissi and Mrs. Irina Dudkina, Head of Structuring at Deutsche Financial Institution.
The NHFSO Insurance plan helped with a EUR 161.4 million funding setup by Deutsche Financial institution for the Federal Government of the Republic of Côte d’Ivoire, stood for by the Ministry of Economic Situation and Financing. This tactical financing is set aside for the building and construction of brand-new basic and local healthcare facilities in the cities of Kong and Odienne, substantially enhancing the medical care facilities in Côte d’Ivoire.
ICIEC CHIEF EXECUTIVE OFFICER, Mr. Oussama Kaissi, said that “the collaboration with Deutsche Financial institution stands for a considerable development in medical care for Côte d’Ivoire. The tactical funding will certainly assist in important facilities growth and strengthen the area’s medical care strength, exhibiting ICIEC’s dedication to cultivating lasting growth via impactful cooperations”.
This effort belongs to ICIEC’s more comprehensive technique to sustain important social facilities tasks throughout its participant states, advertising lasting growth and boosting the lifestyle for neighborhoods via enhanced medical care centers.
Dispersed by APO Team in behalf of Islamic Company for the Insurance Policy of Financial Investment and Export Credit Scores (ICIEC).
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About The Islamic Company for the Insurance Policy of Financial Investment and Export Credit Scores (ICIEC):
ICIEC started procedures in 1994 to enhance financial relationships in between OIC Participant States and advertise intra-OIC profession and financial investments by supplying danger reduction devices and monetary remedies. The Company is distinctly the only Islamic multilateral insurance provider on the planet. It has actually led from the front in providing a detailed collection of remedies to business and celebrations in its 49 Participant States. ICIEC, for the 16th successive year, kept an “Aa3” insurance coverage monetary toughness debt ranking from Moody’s, placing the Company amongst the top of the Credit score and Political Threat Insurance Policy (CPRI) Market. Furthermore, ICIEC has actually been appointed a Newbie AA- lasting Provider Credit score Ranking by S&P with Secure Overview. ICIEC’s strength is underpinned by its audio underwriting, reinsurance, and danger monitoring plans. Cumulatively, ICIEC has actually guaranteed greater than US$ 108bn in profession and financial investment. ICIEC tasks are routed to certain markets– power, production, facilities, medical care, and farming.
