JLGC and the Islamic International Arab Bank signed Agreement to finance Medical Sector through " Kafala " program

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15/01/2014

As part of continuing the collaboration with the Islamic International Arab Bank, Jordan Loan Guarantee Corp. signed an agreement to include financing to medical clinics, pharmacies and laboratories to "Kafala" Program, as well as, funding medical equipments and devices according to the principles of Islamic Sharia'.

The signing ceremony was under the patronage of H.E.Dr. Maher "Shiekh Hassan" Chairman of JLGC and H.E. Faris Sharaf, Chairman of IIABank and attended by a number of executive managers of both parties. Dr. Mohammed Al Ja'fari, the Director General of JLGC and Mr. Eyad Al Asali, the General Manager of IIABank signed the agreement and both stressed on the need for continued cooperation to support financing SMEs at the kingdom, which is a catalyst for further work and achievement that reflect directly on SMEs owners, in order to reduce unemployment, develop local communities and meet the requirements of sustainable development and social welfare.

The company and the bank launched previously "Kafala' Program on June, 2012 to provide guarantees for SMEs financing.