ITFC signs $1.5B financing program with Egypt for petroleum, food security

Updated 2/4/2025 4:17:00 AM
ITFC signs $1.5B financing program with Egypt for petroleum, food security

Arab Finance: The International Islamic Trade Finance Corporation (ITFC) has signed the 2025 financing program with the Egyptian government at a value of $1.5 billion to support petroleum products and food security, CEO Hani Sonbol told Al Arabiya Business.

Another program was signed to support Egypt’s private sector, particularly small- and medium-sized enterprises (SMEs).

This program will provide financing lines in collaboration with Egyptian banks, including Banque Misr.

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