Daily Archives: March 25, 2015

Islamic Corporation for the Development of the Private Sector (ICD) and Arab Investment Bank (AIB) Sign Shareholders Agreement to Collaborate in the Leasing Business in Egypt

SHARM EL SHEIKH, Egypt, March 25, 2015/African Press Organization (APO)/ The Islamic Corporation for the Development of the Private Sector (ICD) (http://www.icd-idb.com), the private sector arm of the Islamic Development Bank Group (IDB), and the Arab Investment Bank (AIB) signed a Shareholders Agreement to establish “Enmaa Leasing Company” a Sharia-compliant leasing company in Egypt. Enmaa Leasing have an authorized capital of 150 million Egyptian pounds and expect to commence its operations during the third quarter of 2015. read more

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