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Logistics

The Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has signed an agreement to provide a US$80mn Shariah-compliant Ijara facility to the Oman Shipping Company SAOC (OSC), a member of the ASYAD Group, for the financing of two VLCC (Very Large Crude Carriers) tankers within the OSC group

As part of its plans to make Saudi Arabia a hub in the trade exchange movement between the continents of Europe, Asia, and Africa, Saudi Ports Authority (SPA) is planning to set up the kingdom?s largest integrated logistics zone, according to a news report

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