Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed a $30 million (Dhs110.19 million) line-of-credit agreement with the Eastern and Southern African Trade and Development Bank (TDB)
To support the Rwandan health system, the Eastern and Southern African Trade and Development Bank (TDB) is pleased to announce the financing of the expansion of Kigali’s King Faisal Hospital (KFH)’s outpatient facilities with over USD 14 million in a 6-year primary forfaiting transaction.
King Faisal Hospital (KFH) is a multi-specialty 160-bed quaternary hospital providing a range of specialized health care in Eastern and Central Africa. In addition to the new outpatient clinic and doubling of the hospital’s outpatient facilities capacity to 45 consultation rooms, TDB’s financing will support the renovation and construction of the outpatient block’s education and research centre, day care premium facilities, electric substation, safety ramps, and main entrance and lobby. Additionally, patient flow and experience will be quicker and better, and each specialty clinic will now have a dedicated triage and consultation space.
ADEX, TDB to bolster UAE-African trade through US$30 million facility agreement Mon 17th May 2021 | 03:45 PM
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 17th May, 2021) Abu DhabiExports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed a US$30 million (AED110.19 million) line-of-credit agreement with the Eastern and Southern African Trade and Development Bank (TDB) to bolster trade between the UAE and the Bankâs Member States.
The first of its kind to be signed by ADEX with a foreign financial institution, the trade finance facility agreement was signed during a virtual ceremony by Saeed Al Dhaheri, Acting Director-General of ADEX, and Admassu Tadesse, TDB Group Managing Director and CEO.
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