StanChart completes first BPO transaction in the Middle East auto sector

Region:

Middle East & Africa

Jonathan Bell

Editor-in-chief

Standard Chartered Bank (StanChart) has completed the first Bank Payment Obligation (BPO) transaction in the automotive industry for Mohammed Naser Al-Sayer and Sons (Al-Sayer), one of the largest automotive dealers in the Middle East. The transaction facilitates a shipment of vehicles to Kuwait.

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