A delegation of senior officials from the International Islamic Trade Finance Corporation (ITFC), headed by its CEO Dr. Waleed Al-Wohaib and including the Assistant General Manager MENA Region, Eng. Nasser Al-Thekair, met in Riyadh on Saturday with the Minister of Finance Dr. Ibrahim Al-Assaf, and the Minister of Trade, Mr. Abdullah Ahmed Zainal. The delegation presented an overview of the achievements of ITFC since its operational launch on Jan. 10, 2008, and discussed the corporation's strategic plans and how ITFC can better serve the Saudi private sector by enhancing intra-trade with OIC member countries. “As host country of the of Islamic Trade Finance Corporation (ITFC) and one of the founding members of the IDB, the Kingdom of Saudi Arabia occupies a highly prominent position in the OIC, and the Government's leadership in supporting and encouraging private sector enterprises and initiatives is an exemplary model for all member countries,” said Dr. Al-Wohaib. Discussions with business leaders and representatives of key trading companies, covered the positive and far-reaching effects of ITFC trade financing, its support for productive development in the industrial, agricultural and commodity sectors, which not only creates jobs but also generates profit for investors. In addition to discussing opportunities to enhance intra –trade through increased Saudi exports to member countries. Commenting on the visits, Dr. Al-Wohaib said, “The purpose of these meetings was to enhance the understanding of how ITFC operates as an autonomous unit within the IDB Group. Most of all, we emphasized how the ITFC trade finance and trade promotion activities in our member countries help advance their developmental goals and economic growth in order to improve people's lives, which is one of the IDB Group's main objectives.” With a 30-year heritage of integrity and success, based on a deep understanding of the market it serves, ITFC is well established as the preferred trade finance partner with the ability to reassure markets and secure trade financing through the unparalleled strength of IDB Group.
