The Islamic Firm for the Insurance Policy of Financial Investment and Export Credit Score (ICIEC) (http://ICIEC.IsDB.org), a leading Shariah-based multilateral insurance firm and respected participant of the Islamic Advancement Financial Institution (IsDB) Team, is honored to reveal the finalizing of a Memorandum of Comprehending (MoU) with the National Framework Fund of Saudi Arabia (INFRA). This critical MoU was authorized throughout the IsDB Team Yearly Fulfilling 2024, which occurred in Riyadh, Saudi Arabia, by ICIEC’s chief executive officer, Mr. Oussama Kaissi, and Eng. Esmail Alsallom, Chief Executive Officer of INFRA.
This MoU develops a structure for participation in between ICIEC and INFRA. Secret efforts consist of expedition of chances of shared passion within the Kingdom in accordance with its developing purposes, institutional participation and expertise exchange via extension of discussion and engagement in appropriate occasions. Furthermore, the celebrations will certainly collaborate engagement in field-related tasks and foster associations with appropriate entities or specialist organizations to enhance joint connections. Via this partnership, ICIEC will certainly sustain INFRA’s initiatives to speed up tactical framework tasks in the Kingdom, adding to the objectives of Saudi Vision 2030.
Mr. Oussama Kaissi, the Chief Executive Officer of ICIEC, shared his satisfaction concerning the contract, mentioning, “We are thrilled to participate in this partnership with INFRA. Our collaborations will certainly concentrate on reinforcing the financial structures within our participant states. This MoU establishes the tone of our common dedication to advertising lasting growth via boosted understanding and participation in insurance coverage remedies and framework growth in the Kingdom.”
Distributed by APO Team in support of Islamic Firm for the Insurance Policy of Financial Investment and Export Credit Score (ICIEC).
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About The Islamic Firm for the Insurance Policy of Financial Investment and Export Credit Score (ICIEC):
ICIEC started procedures in 1994 to enhance financial relationships in between OIC Participant States and advertise intra-OIC profession and financial investments by offering threat reduction devices and economic remedies. The Firm is distinctively the only Islamic multilateral insurance firm worldwide. It has actually led from the front in providing a thorough collection of remedies to business and celebrations in its 49 Participant States. ICIEC, for the 16th successive year, preserved an “Aa3” insurance coverage economic toughness credit history score from Moody’s, rating the Firm amongst the top of the Credit report and Political Threat Insurance Policy (CPRI) Sector. Furthermore, ICIEC has actually been appointed a Novice AA- lasting Provider Credit report Score by S&P with Secure Overview. ICIEC’s strength is underpinned by its audio underwriting, reinsurance, and threat monitoring plans. Cumulatively, ICIEC has actually guaranteed greater than US$ 108bn in profession and financial investment. ICIEC tasks are guided to certain markets– power, production, framework, medical care, and farming.
For more details, see: http://ICIEC.IsDB.org
