ICD aims to finance Saudi NEOM, Red Sea project
Published 12 Sep,2021 via Asharq Alawsat (English Edition) - Ayman Sejiny, CEO of the Islamic Corporation for the Development of the Private Sector (ICD), which is affiliated with the Islamic Bank, said that the corporation was looking to provide financing and credit facilities, including Sukuk, for major Saudi projects such as NEOM and the Red Sea.
In an interview with Asharq Al-Awsat, Sejiny noted that the Saudi government was the largest supporter of the ICD, adding that the Corporation established in partnership with the Public Investment Fund (PIF), the Bidaya real estate finance company - one of the largest real estate finance companies owned by the private sector in the Kingdom.
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Asharq Alawsat