AF­FIN TO COL­LAB­O­RATE WITH SAUDI GROUP

The Sun (Malaysia) - - SUNBIZ -

PE­TAL­ING JAYA: Af­fin Bank Group has signed a mem­o­ran­dum of un­der­stand­ing with the Is­lamic Cor­po­ra­tion for the Devel­op­ment of the Pri­vate Sec­tor (ICD), the pri­vate sec­tor arm of Is­lamic Devel­op­ment Bank Group in Saudi Ara­bia, for strate­gic col­lab­o­ra­tions in Asia. They will col­lab­o­rate on tech­ni­cal and ad­vi­sory sup­port, par­tic­u­larly prod­uct devel­op­ment and syariah con­cept, in­clud­ing pro­vi­sion of fi­nanc­ing such as place­ment of funds, lines of fi­nance and liq­uid­ity man­age­ment. The co­op­er­a­tion also in­cludes ex­change of in­for­ma­tion and iden­ti­fi­ca­tion of busi­ness op­por­tu­ni­ties in ICD mem­ber coun­tries.

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