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 The Islamic Chamber of Commerce , Industry and Agriculture (ICCIA)

ANNUAL REPORT 1433H | 2012

Source : The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)

Category : Industry‏

Publish Date : February 11, 2013

ABOUT PUBLICATION

Pursuant to the resolution of its shareholders’ meeting in 1432H, ICIEC
started receiving additional capital subscriptions from its shareholders
during 1433H. This contributed to a 37% increase in the share capital,
and a 24% increase in the total assets of the Corporation. These funds
were invested, and thus the investment and cash balance reflected an
increase of 28%. Hence 1433H shows a much stronger balance sheet for
the Corporation, with total assets of ID 155.86 million, compared to ID
125.32 million in the 1432H balance sheet.

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