The ITFC Inks USD 100 Million Financing Agreement with Egypt’s GASC

The International Islamic Trade Finance Company (ITFC) has signed a USD 100 million financing arrangement with the General Authority for Supply Commodities (GASC) to fulfil the main strategic commodity requirements of the Government of Egypt (GoE) during the COVID-19 outbreak.

This agreement, which forms a part of the ITFC’s Master Murabahah Agreement, will allow Egypt to meet necessary and urgent needs of the country to cope with the COVID-19 pandemic. GoE’s Minister of Supply and Internal Trade, His Excellency Dr Ali Al-Mesilhi, thanked the ITFC for its support to Egypt over the years and appreciated its immediate response.

Eng Hani Salem Sonbol, Chief Executive Office...