ICD, stakeholders tackle opportunities, challenges

ICD, stakeholders tackle opportunities, challenges

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Khaled Al-Aboodi (right), CEO and general manager of ICD, shakes hands with Khaled Almaeena, former editor-in-chief of Arab News and Saudi Gazette during the ICD’s Clients Days event on Monday in Jeddah photo
Khaled Al-Aboodi (right), CEO and general manager of ICD, shakes hands with Khaled Almaeena, former editor-in-chief of Arab News and Saudi Gazette during the ICD’s Clients Days event on Monday in Jeddah photo

JEDDAH — The Islamic Corporation for the Development of the Private Sector (ICD) organized a side event entitled “ICD Clients Day” at Hilton Hotel on Monday here, on the occasion of the Islamic Development Bank Group 42nd annual meeting.

During the event, ICD seized the opportunity to meet with potential clients and stakeholders from private sectors to discuss opportunities and challenges while seeking business partnership with ICD.

In addition, ICD presented its achievements, highlighted some figures of its financial performance of year 2016 and awarded its Best Clients for 2016, namely Coris Bank International, Vitamed Medical Diagnostic Center and Al-Qadi Specialty Hospital.

Khaled Al-Aboodi, the CEO and general manager of ICD, opened the session welcoming all the participants and delivered an opening statement saying: “…our impact on private sector development stretched over a wide range of sectors reflecting our responsiveness to the needs of the market, as well as the corporation’s strategic priorities and goals.”

He added: “Today, ICD is witnessing much stronger financial and political support from all member countries as evidence of recognition for its imperative role in the private sector development.”

Thomson Reuters presented the last edition of the Islamic Finance Development report. Afterward, the ICD best clients presented their companies and projects.

The event was a chance to share knowledge about major changes and economic developments in the member countries, to assess business, investment and projects opportunities, and to network with the decision-makers, industry leaders and experts.

ICD is a multilateral organization and a member of the Islamic Development Bank (IDB) Group.

The mandate of ICD is to support economic development and promote the development of the private sector in its member countries through providing financing facilities and/or investments, which are in accordance with the principles of Shariah. ICD also provides advice to governments and private organizations to encourage the establishment, expansion and modernization of private enterprises. — SGs

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