Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.
Qatar,Saudi Arabia : IDB sings deal with two entities to establish $1billion Islamic bank in Doha
Publish Date : 07-Apr-2012
An accord has been shaped amid three entities with the purpose of establishing an Islamic bank just a few days back.
The Saudi Arabia-based Islamic Development Bank (IDB) in partnership with Saudi financial institution Dallah Albaraka Group along with Qatar inked an accord, revealed the officials on Tuesday.
With a paid up capital of $1bn, the newly created financial establishment will be based in Doha, stated the officials during the annual meeting of the Jeddah-based IDB that was organized in Khartoum-- the capital of Sudan. The Islamic Development Bank offers financial supports for ventures intended for eliminating poverty in Islamic nations.
