Jeddah, Saudi Arabia – The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral insurer and a member of the Islamic Development Bank (IsDB) Group, is proud to announce that the Togolese Republic has officially joined ICIEC as its 50th member state. This milestone not only reflects the growing trust and collaboration within the Organization of Islamic Cooperation (OIC) but also reinforces ICIEC’s commitment to providing tailored insurance solutions that foster sustainable economic growth and investment opportunities across its member countries.

With the Togolese Republic’s membership, ICIEC now comprises 50 member states, marking a significant expansion of its global reach and influence in promoting trade and investment in OIC member countries.

On this occasion, Dr. Khalid Khalafalla, Officer-in-Charge of ICIEC, stated: « We are delighted to welcome the Togolese Republic as our 50th member state. This is a testament to the mutual confidence between ICIEC and the Togolese Republic, and we are committed to supporting their economic ambitions through our robust insurance and risk mitigation solutions. Together, we aim to drive sustainable development and economic resilience in the region. »

As ICIEC continues to expand its membership and services, the organization remains dedicated to enhancing economic resilience and supporting its member states in attracting foreign direct investment (FDI) and fostering trade opportunities.