TIF Met ICIEC in Jeddah

On 8 December 2025, Turkic Investment Fund (TIF) held a meeting in Jeddah with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the IsDB Group, to develop cooperation between the two institutions.

The TIF delegation was led by Mr. Ramil Babayev, General Director, and included Mrs. Betül Sarıkaya, Chief Financial Officer; Mr. Sanjar Usmanov, Chief Investment Officer; Mr. Mirlan Shatmanov, Risk Manager; and Mr. Mehmet Esat Mert, IRCM and Treasury Director. ICIEC was represented by Mr. Hasan Zago Idris, Director for Legal Affairs, Mr. Qasim Rashid, Director for Finance and Treasury, Mr. Bessem Soua, Regional Manager, Mr. Hatem Ghouma, Treasury Head, and the ICIEC Risk Manager.

During the discussions, the TIF delegation shared its interest in building structured and practical cooperation with IsDB Group institutions. The delegation referred to the Fund’s mandate, recent institutional development, and its intention to work closely with experienced partners on co-financing, MSME support, trade-related projects, treasury cooperation, resource mobilization, and staff-level capacity building.

ICIEC provided an overview of its mandate and current activities. Exchanges focused on potential cooperation regarding guarantee mechanisms, with a particular emphasis on exports and cross-border transactions. ICIEC also noted its regional presence in Türkiye, covering Central Asia, and referred to existing financing needs linked to Turk Eximbank.

The parties agreed to continue the dialogue through a dedicated follow-up meeting with ICIEC representatives in Istanbul.