The International Islamic Trade Finance Corporation (ITFC) granted the Egyptian General Petroleum Corporation (EGPC) total financing of approximately $1.455 billion during 2025, Adeeb Al Aama, CEO of ITFC, announced.

The International Islamic Trade Finance Corporation (ITFC) approved over $7.5 billion in trade financing for Egypt’s supply sector since the beginning of the cooperation.

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.

The International Islamic Trade Finance Corporation (ITFC) has invested over EGP 16.5 billion in Egypt since 2008, supporting sectors like petroleum, food commodities, and various development projects.

Egypt is preparing to sign a new framework agreement with the International Islamic Trade Finance Corporation (ITFC) to support Egypt’s efforts to empower the private sector and enhance exports.

Minister of Petroleum and Mineral Resources Karim Badawi met with the CEO of the International Islamic Trade Finance Corporation (ITFC) Hani Salem Sonbol and his accompanying delegation to explore ways to deepen petroleum cooperation.

Minister of Investment and Foreign Trade Hassan El-Khatib held discussions with Hani Salem Sonbol, CEO of the International Islamic Trade Finance Corporation (ITFC), and the Acting CEO of the Islamic Corporation for the Development of the Private Sector (ICDPS), focusing on expanding collaboration, as per a statement.

The International Islamic Trade Finance Corporation (ITFC) is expected to disburse a $200 million tranche in favor of the Egyptian General Petroleum Corporation (EGPC).

The Egyptian government has submitted a request to the International Islamic Trade Finance Corporation (ITFC), a subsidiary of the Islamic Development Bank (IsDB), to increase its yearly-obtained credit limit by roughly 150% to $500 million.

Egypt obtained a commercial loan worth $250 million from the African Finance Corporation (AFC) and the International Islamic Trade Finance Corporation (ITFC).

The International Islamic Trade Finance Corporation (ITFC) has financed the Egyptian government with around $1 billion since the beginning of 2023, $700 million of which were directed toward supply commodities.