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Share Name Share Symbol Market Type
Intesa Sanpaolo BIT:ISP Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.0508 2.57% 2.03 2.03 2.0305 2.0345 1.9794 1.999 91,858,916 16:27:06

Supply@Me Names ISPB Morval as Shariah Fund Arranger, Shares Rise

23/11/2021 10:01am

Dow Jones News


Intesa Sanpaolo (BIT:ISP)
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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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