ICIEC and KazakhExport Renew Quota-Share Treaty for 2025–2026 to Boost Trade and Investment
Jeddah, Saudi Arabia – November 9, 2025: The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-compliant multilateral insurer and member of the Islamic Development Bank Group, and KazakhExport, the Export Credit Agency of the Republic of Kazakhstan, have renewed their Quota-Share Treaty Reinsurance Agreement for the fifth consecutive year, covering the period from October 1, 2025, to September 30, 2026.
The agreement was signed by Dr. Khalid Khalafallah, CEO of ICIEC, and Mrs. Ayan Bektybayeva, Deputy Chairman of KazakhExport, on the sidelines of the 15th Annual Meeting of the AMAN Union, held from November 4–6, 2025, in Jeddah.
This renewal highlights the long-standing partnership between the two institutions, aimed at promoting trade, investment, and economic cooperation among Organization of Islamic Cooperation (OIC) member states.
Under the treaty, ICIEC will continue to provide reinsurance coverage for KazakhExport’s Documentary Credit Insurance Policy (DCIP), enabling the agency to expand its underwriting capacity for trade-finance risks. The focus will remain on high-impact sectors that drive export diversification and support small and medium-sized enterprises (SMEs).
The renewed partnership emphasizes ICIEC’s strategic role in offering risk capacity, technical support, and knowledge transfer to member Export Credit Agencies (ECAs), while reinforcing Kazakhstan’s commitment to strengthening non-oil exports through Baiterek National Managing Holding JSC.
Commenting on the agreement, Dr. Khalid Khalafallah said, “This renewal reflects the depth of our partnership with KazakhExport and our shared vision to advance trade and investment across OIC member countries. Through this treaty, ICIEC continues to deliver reinsurance and technical support that empower member ECAs to underwrite larger, more diversified, and more impactful trade transactions.”
The agreement reinforces the collaboration between ICIEC and KazakhExport as part of broader efforts to enhance trade and economic development in the OIC region.
Distributed by APO Group on behalf of ICIEC.
साभार :
© CopyRight Pressnote.in | A Avid Web Solutions Venture.