ABC and Arab Trade Financing Program in USD50 million credit agreement

ABC has now been designated a national agency of ATFP in the Kingdom of Bahrain.

The line of credit granted to ABC amounts to US$ 50 million, to be utilized in financing Arab trade.

Dr. Jassim Al Mannai, Chief Executive Chairman of the Board of ATFP signed the agreement at ABC's Bahrain-based headquarters with Mr. Ghazi Abdu M. Abdul Jawad, President & Chief Executive of ABC.

In a statement during this occasion, Dr. Al Mannai commended the role played by ABC and the cooperation between the two organizations. He also highlighted the importance of the credit facilities, trade information and the trade promotion services, provided by ATFP, in developing the production capabilities and competitiveness of the Arab exporters. He called on the other national agencies to maximize the benefit from ATFP's facilities and services and to assist in the construction & development process of Arab countries.

Mr. Ghazi Abdul Jawad stated how he valued the role played by the ATFP, through the financing facilities and other services it provides. He also praised the company for its constructive task in the development and support of intra-Arab trade and in improving the capabilities of the Arab producers and exporters. He expressed his gratitute to Dr. Mannai and ATFP's management for the cooperation received by ABC.