Islamic Corporation for the Development of the Private Sector (ICD)
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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 the Islamic Republic of Mauritania sign cooperation framework to advance private sector development and strategic investment

A central pillar of the MoU is ICD's commitment, on a non-binding and best-effort basis, to arrange a Shariah-compliant syndicated or club financing facility of up to USD 900 million in favor of Mauritania Saudi Mining and Steel S.A. (Takamul)

Three-year Memorandum of Understanding signed to strengthen ICD's cooperation with the Islamic Republic of Mauritania. ICD to arrange a Shariah-compliant syndicated financing facility of up to USD 900 million for the Atomai iron ore project, on a best-effort basis. Cooperation to support sovereign credit rating readiness, PPP ecosystem development, and…