SHARM EL SHEIKH, Egypt – Egyptian Prime Minister Moustafa Madbouli witnessed on Friday the signing of some documents and agreements between the Egyptian side and a group of investors on the sidelines of the Islamic Development Bank Group (IsDB)’s 2022 annual meetings that are held in the Red Sea resort city of Sharm El-Sheikh.
A memorandum of understanding (MoU) was signed by Mohamed Abdel Wahed Soleiman, the managing director of Galina, a major producer and exporter of frozen fruits and vegetables, and Ayman Sejiny, the CEO and General Manager of the Islamic Corporation for the Development of the Private Sector. It aims to open new export markets in the country.
Sejiny signed another MoU with chief financial officer (CFO) of financial services provider Sarwa Capital Ayman el Sawy with a view to developing and increasing the issuance of sukuk, or sharia-compliant Islamic bonds, as a financing tool for the private and public sectors.
An MoU was also signed to promote the private sector’s role, issue sukuk, and finance small and medium enterprises in Egypt between the Islamic Corporation for the Development of the Private Sector represented by its CEO and general manager Ayman Sejiny, and CEO of Abu Dhabi Islamic Bank (ADIB) Egypt Mohamed Aly.
Sejiny also signed an MoU with CEO of First Abu Dhabi Bank (FAB) Mohamed Abbas Fayed to promote the private sector’s role, issue sukuk, and finance small and medium enterprises in the country.
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