Supply@Me Names ISPB Morval as Shariah Fund Arranger, Shares Rise
November 23 2021 - 5:01AM
Dow Jones News
By Jaime Llinares Taboada
Shares in Supply@Me Capital PLC rose Tuesday after the company
reached an arranging agreement with Intesa Sanpaolo Private Bank
(Suisse) Morval SA to structure the funding for SYME's
Shariah-compliant platform.
The fintech company said that the first transactions to benefit
from ISPB Morval's arranging activities relate to its portfolio of
clients based in the Middle East and North Africa region.
"After many months of hard work, we have aligned the core
components of the first inventory monetization transactions in the
MENA region--a strong pipeline of clients and a well-connected
bank, which will leverage the preliminary approvals got from the
Shariah scholar board," Chief Executive Alessandro Zamboni
said.
Shares at 0917 GMT were up 12% at 0.18 pence.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
November 23, 2021 04:46 ET (09:46 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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