Jeddah-based ITFC signs deal to fund $1.4bn of Bangladesh oil imports

JEDDAH: The International Islamic Trade Finance Corporation (ITFC), which is based in Jeddah, signed a $1.4 billion financing plan with Bangladesh to fund the country’s oil imports, the Saudi state news agency (SPA) said on Saturday.

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“This financing plan will enable the Bangladesh Petroleum Company to import oil products from July 2023 to June 2024,” SPA said.