ICD INTERNAL USE Islamic Corporation for the Development of the Private Sector February 2018 July 2017 Member of the Islamic Development Bank (IsDB) Group
ICD - The Private Sector Arm of the IsDB Group Islamic Corporation for the Development of the Private Sector (ICD) Headquarters in Jeddah, ICD was established in 1999. Capital Base Its authorized capital stands at $4.0 and billion. Its members consist of the IsDB, 54 Shareholding member countries, and five public financial institutions. Islamic Corporation ICD is rated as AA by Fitch and also, for Insurance of Moody has given a stable outlook to ICD Investments and and has rated it as Aa3. Rating Export Credits IsDB is a AAA multilateral development financial institution based in Jeddah, International Islamic Islamic Research and Kingdom of Saudi Arabia. Trade Finance Training Institute Corporation 1
ICD - Vision & Mission MISSION VISION The Vision of ICD is to become a premier Islamic The Mission of ICD is to complement the role multilateral financial institution for the played by the IDB through the development and development of the private sector. promotion of the private sector as a vehicle for boosting economic growth and prosperity. ACTIVITIES OBJECTIVES ICD started its operations in July 2000 and has The objectives of ICD are: financed projects in agriculture, construction, • To identify opportunities in the private sector education, finance, infrastructure (including energy and health care), oil & gas, real estate, and that could function as engines of growth and trade, where ICD has approved investments in to provide them with a wide range of more than 50 countries. financial products and services ICD has also extended lines of financing to banks • To encourage the development of Islamic and financial institutions and established Islamic financing and capital markets financial institutes in its member countries. ICD extended advisory services to private & public sectors and manages investment funds 2
Our 10 Year Strategic Direction & Targets IDB Group 10-Year Strategy In response to member countries demand, the IDB Group prepared a 10-year strategy, which resolves around five strategic pillars: 3) Private 1) Economic and 2) Islamic Sector 4) Social 5) Cooperation Social Finance Sector Development between MCs Infrastructure Development Development ICD ’ s 2024 Targets Achieve $14Billion Generate 400K Provide access to Maintain and Approval and Generate Average new job finance for 10,000 Further Improve $8Billion ROE of 1.5% opportunities SMEs AA Rating Disbursement 3
ICD - Core Strengths Solid Strategic Direction 7 Strong Sound Operational Leadership & and Financial Corporate Growth Governance Innovative Islamic Access to Financial Growth Products Markets IDB Family Partnerships & Support Affiliations 4
ICD - Member Countries (as per 2017) Afghanistan Somalia 5
ICD Products and Services FINANCIAL EQUITY ASSET DIRECT ADVISORY INSTITUTIONS FINANCING MANAGEMENT FINANCING SERVICES DEVELOPMENT 6
ICD Products and Services – FINANCING FINANCIAL INSTITUTIONS FINANCIAL EQUITY ASSET DIRECT INSTITUTIONS ADVISORY FINANCING MANAGEMENT FINANCING DEVELOPMENT ICD extends lines of financing to selected banks and financial institutions in its Member Countries as a means to improve the access of Small and Medium size Enterprises to medium term financing and concurrently strengthening the balance sheet positions of the beneficiary banks. 7
ICD Products and Services – DIRECT FINANCING FINANCING EQUITY ASSET DIRECT FINANCIAL ADVISORY FINANCING MANAGEMENT FINANCING INSTITUTIONS ICD provides Term Finance for expanding existing enterprises, establishing new companies and for project implementation in the corporate (real) sector. 8
ICD Products and Services – EQUITY FINANCING FINANCING EQUITY ASSET DIRECT FINANCIAL ADVISORY FINANCING MANAGEMENT FINANCING INSTITUTIONS ICD supports the development of member countries by investing in companies seeking capital expansion. The Equity investment can be through capital increases or buyouts. ICD finances the feasible projects which has competent management, sound corporate governance framework and a clear developmental impact. 9
ICD Products and Services – ASSET MANAGEMENT FINANCING EQUITY ASSET DIRECT FINANCIAL ADVISORY FINANCING MANAGEMENT FINANCING INSTITUTIONS ICD acts as a fund manager and/or general partner with other fund managers to sponsor and create special purpose vehicles along with third party investors including but not limited to IDB; other Multilateral Agencies; Sovereign Wealth Funds; Government Funding Vehicles and High Net Worth Individuals. 10
ICD Products and Services – ADVISORY FINANCING EQUITY ASSET DIRECT ADVISORY FINANCIAL FINANCING MANAGEMENT FINANCING SERVICES INSTITUTIONS ICD provides a wide variety of advisory services to governments, public entities and private entities of member countries with an aim to create the conducive environment to facilitate private sector investment and also to assist companies in achieving their potential. 11
1 Milestone Achievements in Operations (as of 2017) Highlights of ICD ’ s Achievements Cumulative Gross Approvals ($ Million) 7,000 5,893 CUMULATIVE CUMULATIVE APPROVALS 6,000 4,962 DISBURSEMENT OF APPROVAL OF EXTENDED TO 5,000 3,569 4,000 2,578 3,000 604 1,171 1,812 $2.65 $5.9 51 2,000 264 1,000 107 13 - Billion Billion COUNTIRES SINCE 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 INCEPTION SINCE INCEPTION SINCE INCEPTION Cumulative Disbursements ($ Million) CAGR OF 3,000 2,653 DISBURSEMENT/AP APPROVALS FOR Cumulative 2,500 PROVAL RATIO 1,939 APPROVALS 2,000 1,364 1,500 18% 892 >390 1,000 676 44% 404 500 221 67 13 - IN THE LAST 3 IN THE LAST 3 Projects 2001 2003 2005 2007 2009 2011 2013 2015 2017 YEARS (AVERAGE) YEARS 12
Partners and clients 13
The ICD investment guidelines 1) COMPANY ELIGIBILITY 2) PROJECT FOCUS 3) AMOUNT OF FINANCE 4) TENOR 5) COLLATERAL 14
Watch ICD Videos to know more @ICD_PS 15
THANK YOU 16
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