AFFIN TO COLLABORATE WITH SAUDI GROUP

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.