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ABU DHABI / WAM
The Arab Trade Financing Programme (ATFP) approved US$ 1.108 billion in credit facilities all over the last year, bringing to $13.3 billion the total credit provided by the programme for boosting inter-Arab trade since its establishment.
This is announced by Abdullah bin Abdul Rahman Al-Hamoody, ATFP Chairman and CEO, during the 28th annual meeting of the ATFP General Assembly (GA) at the ATFP HQ in Abu Dhabi.
The GA approved a cash dividend of US$ 40 per share for the fiscal year 2016, which accounts for 58 percent of
the net income generated during 2016.
At the end of the meeting, the GA members expressed their appreciation to the UAE wise leadership: President His Highness Sheikh Khalifa bin Zayed Al Nahyan, Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, for hosting ATFP HQ and supporting programme.