SAUDI ARABIASAUDI ARABIA | News

ICD Board of Directors names Al Ammari as Acting CEO and General Manager following departure of Al Aboodi

01 February 2018

Jeddah, 12 Feb 2018 – The Board of Directors of the Islamic Corporation for the Development of the Private Sector (ICD) named Mr. Mohammed Al Ammari as Acting CEO & General Manager, succeeding Mr. Khaled Al Aboodi, who has recently been appointed to lead the government-owned Saudi Agric

ICD Board of Directors names Al Ammari as Acting CEO and General Manager following departure of Al Aboodi

ICD Sign a MoU with JANA to Test New Banking Model

22 January 2018

Jeddah – Saudi Arabia – January 22, 2018
 
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank (IDB) Group, signs today a Memorandum of Understanding (MOU) with JANA Bena’a Productive Fami

ICD Sign a MoU with JANA to Test New Banking Model

ICD and IIML sign a joint venture Shareholder Agreement to establish a US$1bn Infrastructure Financing Fund focused on Africa

22 January 2018

Jeddah, 22 January 2018 – The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IsDB), and the IL&FS Investment Managers Limited (IIML), the private equity arm of IL&FS Group, signed a Shareholder Agree

ICD and IIML sign a joint venture Shareholder Agreement to establish a US$1bn Infrastructure Financing Fund focused on Africa

ICD and African Export-Import Bank (Afreximbank) sign First-ever Line of Financing agreement

24 December 2017

Jeddah, December 24, 2017. The Islamic Corporation for the Development of the Private sector (ICD) and the African Export-Import Bank (Afreximbank) signed a Line of financing agreement for a USD 100-million facility.
The USD 100-million line of financing facility will be utilized by Afrexi

ICD and African Export-Import Bank (Afreximbank) sign First-ever Line of Financing agreement

Economic slowdown will not halt growth of Islamic finance

14 December 2017

If you thought that low commodity prices, burgeoning budget deficits and sluggish economic
recovery would dampen the growth of the $2.6 trillion global Islamic finance industry, think
again.
The proliferation of the sukuk (Islamic bond) market “has more than compensated

Economic slowdown will not halt growth of Islamic finance