mohammadhuda_1968
03-08-2007, 03:23 PM
The agreement was signed by Aleem Khan, Managing Director, Structured Trade Finance, Middle East and Pakistan, Standard Chartered, Sheikh Abdul Razzaq Bin Dawood, Bindawood CEO and Sheikh Abdul Khaliq Bindawood, Director of Bindawood Group, with the presence of Mr. Muhammad Salim Patka, Group Director Finance, Bindawood Group
Sheikh Abdul Razzaq Bin Dawood, expressing his gratitude to Standard Chartered, said, 'This agreement is the Group's effort to finance its planned projects by adopting diversified & Islamic compliant financing to qualify it to win the confidence of bankers. The group is committed to serve its selected class customers in innovative ways.'
Bindawood Group, a market leader in the western region of Saudi Arabia, is to bring state-of-the-art Hypermarkets and Supermarkets to the country. The Group, which is present in the major cities of the Kingdom, last week announced the opening of a new hypermarket in Riyadh. In its efforts to expand, the Group has diversified into many specialised products for its customer and has also become a franchisee of world renowned brands
'Standard Chartered has a growing portfolio of structured trade finance facilities, which demonstrate the success of our commitment to bringing our global expertise and range of products to our customers in this region,' said Aleem Khan.'
Sheikh Abdul Razzaq Bin Dawood, expressing his gratitude to Standard Chartered, said, 'This agreement is the Group's effort to finance its planned projects by adopting diversified & Islamic compliant financing to qualify it to win the confidence of bankers. The group is committed to serve its selected class customers in innovative ways.'
Bindawood Group, a market leader in the western region of Saudi Arabia, is to bring state-of-the-art Hypermarkets and Supermarkets to the country. The Group, which is present in the major cities of the Kingdom, last week announced the opening of a new hypermarket in Riyadh. In its efforts to expand, the Group has diversified into many specialised products for its customer and has also become a franchisee of world renowned brands
'Standard Chartered has a growing portfolio of structured trade finance facilities, which demonstrate the success of our commitment to bringing our global expertise and range of products to our customers in this region,' said Aleem Khan.'