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Islamic Corporation for the Development of the Private Sector (ICD)
Source: Islamic Corporation for the Development of the Private Sector (ICD) |

The Islamic Corporation for the Development of the Private Sector (ICD) disburses Small and Medium Enterprise (SME) financing facility (15 million Euros) in favor of Crédit Communautaire d'Afrique Bank (CCA-Bank Cameroon)

The financing will provide private project leaders with the medium- and long-term resources necessary to foster sustainable development

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org), a member of the Islamic Development Bank (IsDB) Group, has successfully disbursed a €15 million (9.8 billion CFA francs) financing facility to Crédit Communautaire d'Afrique (CCA-Bank) in Cameroon. This strategic financing initiative aims to strengthen local Small and…

Islamic Corporation for the Development of the Private Sector (ICD)

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    • Islamic Corporation for the Development of the Private Sector Signs the Country Work Program 2025 for Egypt, Unveiling $100 Million Financing Plan
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Islamic Corporation for the Development of the Private Sector Signs the Country Work Program 2025 for Egypt, Unveiling $100 Million Financing Plan

The agreement was officially signed by Engineer Hani Salem Sonbol, Acting CEO of ICD, who highlighted the corporation’s ongoing commitment to Egypt's economic development

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org), the private sector arm of the Islamic Development Bank Group (IsDB), has signed it’s the Country Work Program 2025 for Egypt, marking a significant milestone in its strategic partnership with the country. The signing ceremony took place in…

Islamic Corporation for the Development of the Private Sector (ICD)

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    • Islamic Corporation for the Development of the Private Sector (ICD) Leads Key Discussions on Sustainable Development and Green Finance at Conference of the Parties (COP29) (1)
    • Islamic Corporation for the Development of the Private Sector (ICD) Leads Key Discussions on Sustainable Development and Green Finance at Conference of the Parties (COP29) (2)
    • Islamic Corporation for the Development of the Private Sector (ICD) Leads Key Discussions on Sustainable Development and Green Finance at Conference of the Parties (COP29) (3)
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Islamic Corporation for the Development of the Private Sector (ICD) Leads Key Discussions on Sustainable Development and Green Finance at Conference of the Parties (COP29)

On November 18, ICD organized a session on financing women and youth-led businesses in post-conflict regions

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org), part of the Islamic Development Bank (IsDB) Group, hosted several high-level sessions at COP29 in Baku, focusing on sustainable economic development, climate finance, and the private sector's role in green growth. On November 18, ICD organized a session…

Islamic Corporation for the Development of the Private Sector (ICD)

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    • ICD commits EUR 40 million to Kokshetau Hospital Project in Kazakhstan which is the first healthcare-sector PPP in Central Asia
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Islamic Corporation for the Development of the Private Sector (ICD) commits EUR 40 million to Kokshetau Hospital Project in Kazakhstan which is the first healthcare-sector Public Private Partnership (PPP) in Central Asia

The new hospital will seek to receive a “Silver” rating under the Leadership in Energy and Environmental Design (LEED) green-building certification programme

ICD is investing EUR 40 million for the construction and operation of a 630-bed multidisciplinary hospital in the city of Kokshetau, Kazakhstan. The total financing package is Euro 365 mln which is co-financed by the EBRD, AIIB, DEG, Proparco and DBK. The Project will be developed by a Rönesans Holding…

Islamic Corporation for the Development of the Private Sector (ICD)
Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Empowering Türkiye's Economic Future: The Islamic Corporation for the Development of the Private Sector (ICD) And AKlease Launch EUR 13.65 Million Private Sector Financing Initiative

ICD and AK Finansal Kiralama A.Ş. Join Forces to Fuel Small and Medium-sized Enterprises (SME) Growth and Innovation in Türkiye

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org) and Ak Finansal Kiralama A.Ş. (AKLease) have entered into a landmark agreement to bolster economic growth in Türkiye. This new EUR 13.65 million Commodity Murabaha Facility is designed to support private sector projects, with a special focus on…

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    • Islamic Corporation for the Development of the Private Sector (ICD) Signs 11 Transformative Agreements Aimed at Spearheading Private Sector Expansion in Member Countries
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Islamic Corporation for the Development of the Private Sector (ICD) Signs 11 Transformative Agreements Aimed at Spearheading Private Sector Expansion in Member Countries

These agreements underscore ICD’s commitment to driving sustainable growth and prosperity through strategic partnerships and financial support

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org) is pleased to announce the signing of 11 pivotal agreements aimed at fostering economic development and facilitating private sector growth and access to capital in several of its member countries. These agreements underscore ICD’s commitment to driving sustainable…

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    • The Islamic Corporation for the Development of the Private Sector (ICD) Signs 13 Landmark Agreements to Promote Private Sector Growth in its Member Countries
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

The Islamic Corporation for the Development of the Private Sector (ICD) Signs 13 Landmark Agreements to Promote Private Sector Growth in its Member Countries

The signing of these agreements reinforce ICD's commitment to propelling solidarity and prosperity through strategic partnerships and promoting access to finance and financial inclusion in its member countries

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org), a member of the Islamic Development Bank (IsDB) Group, is pleased to announce the signing of 13 significant agreements aimed at catalyzing economic development and bolstering private sector growth and initiatives across several member countries in diverse regions…

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    • Islamic Corporation for the Development of the Private Sector (ICD) Signs Letters of Intent for Line of Finance Facilities with Uganda Development Bank Limited and Afreximbank
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Islamic Corporation for the Development of the Private Sector (ICD) Signs Letters of Intent for Line of Finance Facilities with Uganda Development Bank Limited and Afreximbank

The line of finance facilities aim at fostering economic growth and development in Uganda and across the common member countries of ICD and Afreximbank

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org) signed two significant Letters of Intent for a total of USD 150 Million Line of Finance facilities  with Uganda Development Bank Limited (“UDBL”) and the African Export–Import Bank (“Afreximbank”). The line of finance facilities aim at fostering economic growth and…

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    • Islamic Corporation for the Development of the Private Sector (ICD) and Banque Misr Sign letter of intent to provide $30M line of finance for small and medium enterprises (SME) in Egypt (1)
    • Islamic Corporation for the Development of the Private Sector (ICD) and Banque Misr Sign letter of intent to provide $30M line of finance for small and medium enterprises (SME) in Egypt (2)
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Islamic Corporation for the Development of the Private Sector (ICD) and Banque Misr Sign letter of intent to provide $30M line of finance for small and medium enterprises (SME) in Egypt

In the presence of the Egyptian Ministers of Planning, Supply, Petroleum, the Islamic Corporation for the Development of the Private Sector signed a letter of intent with Banque Misr to provide $30 million line of finance to support small and medium enterprises in Egypt

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org), a member of the Islamic Development Bank (IsDB) group, signed a letter of intent with Banque Misr to provide a $30 million financing line dedicated to finance private sector projects in Egypt and to support small and medium…

Islamic Corporation for the Development of the Private Sector (ICD)
Source: Islamic Corporation for the Development of the Private Sector (ICD) |

The Islamic Corporation for the Development of the Private Sector (ICD) returns to the Dollar market with tight five-year print

The proceeds from the sukuk issuance will be invested in development assets, facilitating its mission to foster economic growth and development initiatives across 56 member countries

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org), a Jeddah-based supranational, has printed a USD 500 million Sukuk maturing in February 2029. The Sukuk issuance, which was oversubscribed with an orderbook over USD 2.2 billion, subscribed by 4.2 times from 46 investors, demonstrating the confidence of…

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