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Enabling Enterprise - Building Prosperity
Islamic Corporation for the Development of the Private Sector (ICD)
Member of the Islamic Development Bank Group (IDB)
IsDB Group - 2014
October, 2014
2
TABLE OF CONTENTS
ABOUT ICD
ICD STRATEGY AND GOALS
FUNCTIONAL FLOW & BREAKDOWN
CURRENT PORTFOLIO
INVESTMENT CRITERIA
INVESTMENT PROCESS FLOW
PARTNERSHIPS
SENIOR MANAGEMENT
SUCCESS STORIES
3
ICD’S MISSION IS TO PROMOTE PRIVATE SECTOR DEVELOPMENT IN MEMBER COUNTRIES
◘ ICD is a multilateral financial institution with an authorized capital of USD 2.0 billion. ICD shareholders consist of the IDB, 52 member countries, and five public financial institutions.
◘ Headquarters in Jeddah, ICD was established in 1999 by the IDB Board of Governors with a mandate to promote growth and development in member countries through the provision of Sharia compliant financing to feasible and viable private sector projects.
◘ ICD operates to complement the activities of IDB in member countries and also that of national financial institutions.
The mandate of ICD is to support economic development of member countries by providing financial assistance to private sector projects in accordance with the principles of Islamic Sharia
ICD targets private sector projects that are financially and economically viable and have a significant developmental impact through job creation and export potential enhancement.
ICD also strives to encourage the development and promotion of Islamic financial markets and capabilities in member countries
ICD also encourages and facilitates the channeling of foreign investment into member states, and provides advice to governments and private enterprises when needed
VisionTo become a
leading multilateral
Islamic financial institution
dedicated to the development of
the private sector in member countries
4
AlgeriaBahrain EgyptIranIraq
MENA REGION
BeninBurkina FasoCamerounChadComoros IslesCote d’IvoireDjiboutiGabonGambiaGuineaGuinea BissauMaliMozambiqueNigerNigeriaSenegalSierra LeoneSudanUganda
WEST & EAST AFRICA
AlbaniaAzerbaijanKazakhstanKirgizstanTajikistanTurkeyTurkmenistanUzbekistan
C. ASIA & EUROPE
BangladeshBruneiIndonesiaMalaysiaMaldivesPakistan
EAST ASIA
Suriname
South America
JordanKuwaitLebanonLibyaMauritania
MoroccoPalestineQatarSaudi ArabiaSyria
TunisiaU.A.EYemen
52 member countries, representing 1.5 billion
people
A SIZEABLE GLOBAL FOOTPRINT
5
ICD SCOPE OF OPERATIONS
WHAT WE DO
Investing in and financing private sector projects, in
addition to providing advisory services to public and private
sector actors in member countries
Business lines:
Business Development & Partnerships
Financial Institutions Development
Direct Investments & Financing
Advisory & Asset Management
OUR REACH
4 offices covering MENA, Africa, Asia and CIS
Over 100 international investment and financial
professionals
Extensive network of partner MDBs and financial institutions
OUR PORTFOLIO
USD2.6 BN in approved investments between 2000 and
2013
Over 260 investments and financial transactions in 40 countries since inception
6
ICD COVERAGE TEAMS ON THE GROUND IN 4 CONTINENTS
• Mamadou Barro (Regional Manager for Africa Coverage)
• Momar Gueye (Africa Coverage)
• Samir Nadir Taghiyev (Europe & CIS Coverage)
• Jamshid Akhmedov (Uzbekistan Coverage)
• Ahmed Bin Abdul Khalid (Head Asia Coverage)
• NoorAzmi Mohd Razalli (Asia Coverage)
• Farid Masmoudi (Director)• Ariff Shafzan Bin Hasan (Partnership &
Syndications)• Chahir Ben Halima (MENA Coverage)• Cyndo Obre (MENA Coverage)• Atiq Nakrawala (Associate Coverage)• Ali Camlioglu (Associate Coverage)
Regional Office in Kuala Lumpur
Head Office in Jeddah Coverage Team
Regional Office in Dakar
Regional Office in Almaty
• Over 100 Investment Professionals and Bankers covering:
FIDD DIFD ASAM
Products Teams
7
TABLE OF CONTENTS
ABOUT ICD
ICD STRATEGY AND GOALS
FUNCTIONAL FLOW & BREAKDOWN
CURRENT PORTFOLIO
INVESTMENT CRITERIA
INVESTMENT PROCESS FLOW
PARTNERSHIPS
SENIOR MANAGEMENT
SUCCESS STORIES
8
COMPREHENSIVE STRATEGY & PROGRAM
By establishing and investing in the following types of institutions:
•Islamic Banks•Ijara Companies•Takaful Companies•Mortgage Companies•Investment Companies
ICD’s strategic objective is to promote private sector development in member countries by building and promoting Islamic financing capabilities and facilitating
enterprise access to this financing
Strategic Operational Framework
Building Islamic Finance Channels
Selective Direct Investments
Building an Enabling Business
Environment
Building Partnerships
By providing growth capital to enterprises:
• Equity Financing:- Musharaka (Equity)- Quasi Equity
• Term Financing:- Installment Sale- Leasing- Profit Sharing- Deferred Delivery- Istisna’a- Murabaha- Purchase and Lease
Back- Diminishing
Musharaka
By providing advisory services to governments and private sector actors with a focus on:
•Restructurings•Islamic Finance•Special Economic Zones•Raising and managing PE funds•Privatization•SME Advisory
By building a substantial network of MDBs and private sector financial institutions and leveraging this network to develop business opportunities and to mobilize and channel to member countries.
9
AMBITIOUS AND PROGRAMATIC OBJECTIVES
Encourage cross-border investments
Promote private-sector development in member countries
Provide and promote Islamic finance
services and products
Stimulate competition & entrepreneurs
- hip in member countries
Support the creation of an
enabling business
environment
Stimulate economic and
social progress in
member countries
Strategy 1440 H / 2020 G
Generate 1 million new job opportunities in member countries
Facilitate access to finance for 1 million low income individuals in member countries
Build and develop 50 Islamic financial institutions
Improve overall business environment in 10 member countries
Mobilize up to 70% projects’ investment needs from the market
Objectives 1440 H / 2020 G
10
TABLE OF CONTENTS
ABOUT ICD
ICD STRATEGY AND GOALS
FUNCTIONAL FLOW & BREAKDOWN
CURRENT PORTFOLIO
INVESTMENT CRITERIA
INVESTMENT PROCESS FLOW
PARTNERSHIPS
SENIOR MANAGEMENT
SUCCESS STORIES
11
ORGANIZATIONAL STRUCTURE
◘ Advising governments and public and private enterprises
◘ Asset management
◘ Conventional-to-Islamic bank conversions
ADVISORY & ASSET MANAGEMENT (ASAM)
CONSULTING ASSET MGMT
◘ Deal sourcing and origination
◘ Initial project screening and evaluation
◘ Client relationship management
BUSINESS DEVELOPMENT & PARTNERSHIPS (BDPD)
ORIGINATION SYNDICATION
FINANCIAL INSTITUTIONS DEVELOPMENT (FIDD)
◘ Islamic banks
◘ Ijara companies
◘ Investment companies
◘ Finance companies
◘ Takaful
INST. EQUITY LINES OF FINANCE
DIRECT INVESTMENTS & FINANCING (DFID)
EQUITY TERM FINANCE
◘ Partnerships development and follow-up
◘ Syndications and fundraising
◘ Ijara
◘ Murabaha
◘ Diminishing Musharaka
◘ Istisna’a
◘ Murabaha
◘ Wakala
◘ Plain equity
◘ Mezzanine facility
12
ICD: DEVELOPING ISLAMIC BANKS
ICD extends its own reach by setting up, investing, financing and providing expert advice to other Islamic Banks
in its Member Countries.
USD 26.3 M
Equity
Financial Sector
Mauritania
Islamic Bank of Mauritania
USD 3.4 M
Equity
Financial Sector
Sudan
USD 9.6 M
Equity
Financial SectorYemen
FOCUS OF ISLAMIC BANKS
◘ The objective is to develop Islamic Financing Channels by promoting and developing financial institutions.
◘ These institutions acts as financial channels for ICD and provide a multiplier effect on the investment dollars.
◘ The focus is to develop the market by establishing and investing in the following type of institutions through control and non-control positions.
◘ ICD has invested in banks in Pakistan, West Africa (via investment in a holding company), Yemen, Sudan, Maldives and Kazakhstan.
Equity
Financial SectorGuinea
Islamic Bank of Guinea
USD 2.6 M
Equity
Financial Sector
Niger
Islamic Bank of Niger
USD 2.2 M
Equity
Financial SectorSenegal
Islamic Bank of Senegal
USD 3.0 M
USD 40.8 M
Equity
Financial Sector
Senegal
Tamweel Africa Holding
USD 30.6 M
Equity
Pakistan
Financial Sector
USD 10.8 M
Maldives
Equity
Financial Sector
USD 3.4 M
Equity
Financial Sector
Kazakhstan
13
ICD: DEVELOPING OTHER ISLAMIC FIs
ICD also extends its own reach by setting up, investing, financing and providing expert advice to other Islamic
Financial Institutions in its Member Countries.
FOCUS ON ISLAMIC FINANCIAL INSTITUTIONS
◘ ICD also invests in other Islamic Financial Institutions in order to promote the development of Islamic Finance as a viable alternative to conventional finance
◘ As with banks, investing in these financial institutions will have a multiplier effect and increase the total assets in Islamic products in member countries
◘ Currently, there is a lack of such Institutions in the Islamic countries and Sharia compliant FIs are needed to finance private sector
◘ The objective is to go beyond basic banking and develop non-banking FIs (e.g. Ijara, takaful) and continue to provide the market with access to innovative Islamic products
Equity
Financial Sector
Tajikistan
USD 2.0 M
Albania Leasing
USD 1.7 M
Equity
Financial SectorAlbania
Equity
Financial Sector
Uzbekistan
USD 5.0 M
USD 6.0 M
Equity
Financial Sector
Sudan
Arab Leasing & Investment Company
USD 10.0 M
Equity
Financial Sector
Kazakhstan
USD 4.9 M
Equity
KSA
USD 6.2 M
Equity
Financial Sector
Azerbaijan
Kazakhstan Ijara Company
Financial Sector
Equity
Financial Sector
Palestine
USD 1.0 M
Ijara Palestine Company
Equity
Financial Sector
KSA / Bahrain
USD 1.3 M
ICD: PROVISION OF LINES OF FINANCE
ICD also extends its own reach by setting up, investing, financing and providing expert advice to other Islamic
Financial Institutions in its Member Countries.
LINES OF FINANCE
◘ ICD also provide Lines of Financing to institutions in order to meet common business and social objectives especially the small and medium enterprise (SME) sector Turkey
USD 20.0 M
Financial Sector
Turkey
USD 20.0 M
Financial Sector
Turkey
USD 20.0 M
Financial Sector
Azerbaijan
USD 26.5 M
Financial Sector
Indonesia
USD 21.3 M
Financial Sector
Uzbekistan
USD 12.0 M
Financial Sector
Tajikistan
USD 11.5 M
Financial Sector
Uzbekistan
USD 21.0 M
Financial Sector
Uzbekistan
USD 16.0 M
Financial Sector
Uzbekistan
USD 11.0 M
Financial Sector
Uzbekistan
USD 11.0 M
Financial Sector
Azerbaijan
USD 10.0 M
Financial Sector
Yemen
USD 5.0 M
Financial Sector
Uzbekistan
USD 10.0 M
Financial Sector
Uzbekistan
USD 10.0 M
Financial Sector
Uzbekistan
USD 8.0 M
Financial Sector
Mauritania
USD 2.0 M
Financial Sector
Mauritania
USD 3.0 M
Financial Sector
Azerbaijan
USD 3.0 M
Financial Sector
Nigeria
USD 80.0 M
Financial Sector
Global Line of Financing Nigeria
15
ICD: DIRECT EQUITY INVESTMENT
Apart from investments in financial institutions, ICD supports the development of member countries by investing
in companies seeking capital expansion.
Technology
USD 12.5 MEquity
Regional (UAE)
USD 10.0 MEquity
Telecommunication
Indonesia
◘ Selective Greenfield and Operating Companies investments that have a strong equity story with a potential of major development benefits
◘ Equity investment can be through capital increases or buyouts
◘ Types of equity investments:
◘ Plain Equity
◘ Quasi-equity
◘ Hybrids (convertible)
◘ ICD added value through active participation in the companies’ boards to support business effectiveness and corporate governance
USD 4.0 MEquity
Industrial
Bahrain
USD 10.7 M
Equity
PharmaceuticalJordan
USD 5.8 MEquity
Healthcare
Saudi Arabia
Saudi Arabia
Equity
Real Estate
USD 69.0 M
USD 25.0 MEquity
Real Estate
Mauritania
MMI
USD 45 MEquity
Yemen
Telecom & Technology
Industrial & Manufacturing
Healthcare & Pharmaceutical
Other Sectors
SCOPE OF SERVICES SECTORS
USD 9.5 M
EquityIndustrial Sector
Egypt
Santé Alexandra)
USD 25.5 MHealthcare
Saudi Arabia
USD 10.0 MEquity
Cement
Sudan
2005, 2010
16
ICD: PROVISION OF TERM FINANCING
ICD extends Term Finance to clients for capital investments aiming at expansion of existing enterprise,
establishment of a new enterprise and project implementation.
USD 26.9 M
UAE
Industrial & Manufacturing
USD 25.0 M
Bangladesh
Industrial & Manufacturing
◘ ICD provides term financing for Greenfield and Brownfield projects in healthcare, infrastructure, ICT and industrial sectors
◘ ICD can act as a lead arranger or participant in such term financing projects
◘ The average size of such financing is between US$ 10 -20 million with a tenure of 4-8 years
◘ Minimum size of US$ 5 million
◘ Term finance can be provided through:
◘ Non-recourse borrowing (project finance)
◘ With-recourse borrowing
Industrial & Manufacturing
Healthcare & Pharmaceutical
Other Sectors
USD 10.0 M
Healthcare
Saudi Arabia
Middle East Healthcare Company
USD 13.0 MHealthcare
Saudi Arabia
USD 6.0 M
Healthcare
Kuwait
TAB Rig Company
USD 43.0 M
Oil & Gas
Libya
USD 13.0 M
Real Estate
Gambia
Royal Atlantic Residence
USD 20.0 M
Maldives
Food & Fisheries
Horizon Fisheries Project
SCOPE OF SERVICES
USD 25.0 M
Pakistan
Industrial & Manufacturing
SECTORS
Energy /Oil & Gas
USD 25.0 M
Turkey
Retail
USD 15.0 M
Power
Bangladesh
17
ICD: ADVISORY SERVICES
ICD has put together a team of highly experienced investment bankers to support Advisory transactions. Making
available of its full resources to ensure a successful outcome of any transaction it undertakes.
SCOPE OF SERVICES
◘ ICD provides a wide variety of advisory services to governments, public entities and private entities of member countries in order to help create the right environment to facilitate private sector investment and also to assist companies in achieving their potential
◘ Range of Services for Government
• Privatization• Public Private Partnership (PPP) Project Finance Advisory• Government Sukuk Capital Raising• Development of Islamic Capital Markets• Development of Business Environment for SME
◘ Range of Services for Private Sector
• Strategic Advisory / Restructuring Advisory• Access to Growth Capital• Project Finance Advisory• Development of Islamic Financial Institutions
18
ICD: ASSET MANAGEMENT
ICD establishes and develops specific Funds to support the growth of targeted sectors in its member countries.
USD 107 M
Private Equity
SaudiSME Fund
SMEs in KSA
USD 16 M
Tunisian SME Fund
USD 250 M
Investments in Member Countries
Regional
UIF(Unit Investment Fund)
◘ ICD supplements its own balance sheet by sponsoring / creating private equity funds as well as other special purpose vehicles in order to provide the IDB Group and other investors with access to projects that provide commercial returns as well as meet the developmental needs of member countries
◘ 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 and ICD; other Multilateral Agencies; Sovereign Wealth Funds; Government Funding Vehicles and High Net Worth Individuals
SCOPE OF SERVICES
USD 600 M
Agribusiness Sector
ICD Food & Agriculture Fund
Agri-related Investments In Member Countries
Private Equity
SMEs in Tunisia
USD 200 M
Short Term Investments
Money Market Fund
Shariah liquidity management tool for FIs and Corporates
19
TABLE OF CONTENTS
ABOUT ICD
ICD STRATEGY AND GOALS
FUNCTIONAL FLOW & BREAKDOWN
CURRENT PORTFOLIO
INVESTMENT CRITERIA
INVESTMENT PROCESS FLOW
PARTNERSHIPS
SENIOR MANAGEMENT
SUCCESS STORIES
20
RAPID RAMP-UP OF INVESTMENT PORTFOLIO SINCE INCEPTION
Total approved investments between 2000 and 2013 totaled USD 2.59 billion
Total Approvals (USD ‘ Million) Approvals Per Sector
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%Financial
Industry & Mining
Real Estate
Transportation
Health & Soc. Services
ITC
Agriculture
Trade
Finance
Energy
Water & Waste Mgt
Education
Other1421H
1422H1423H
1424H1425H
1426H1427H
1428H1429H
1430H1431H
1432H1433H
0
500
1000
1500
2000
2500
3000
35 72 136 194 234351
604804
1,152
1,5601,798
2,170
2,590
Total disbursements to date reached USD 1.022 billion
Sources: ICD Annual Report
~40%
CAGR
21
HEALTHY DIVERSIFICATION ACROSS REGIONS, SECTORS AND MODES OF FINANCING TO DATE
Investment Approvals by Type – to date
Investment Breakdown by Region – to date
◘ Since inception, ICD approved 243 investments for a total capital commitment of USD 2.59 billion.
◘ Equity, Murabaha, and Ijara transactions constituted the bulk of ICD’s investment allocations.
◘ MENA region dominated ICD’s portfolio allocation in the early years, but focus on other regions is growing significantly.
◘ In addition to capital injections, ICD investment transactions involved significant levels of institutional support and knowledge transfer. Investment Disbursement by Type – to date
Summary of Activities – to date
Murabaha
Inst. Sale Istisna Equity Ijarah0%5%
10%15%20%25%30%35%
28%
9%5%
33%
25%
14%
16%
11%47%
12%Asia & the Pacific
Europe & Central Asia
Regional
MENA
Subsaharan Africa
Sources: ICD Annual Report
Murabaha
Inst. Sale Istisna Equity Ijarah0%5%
10%15%20%25%30%35%40%45%
24%
8%1%
40%
27%
22
TABLE OF CONTENTS
ABOUT ICD
ICD STRATEGY AND GOALS
FUNCTIONAL FLOW & BREAKDOWN
CURRENT PORTFOLIO
INVESTMENT CRITERIA
INVESTMENT PROCESS FLOW
PARTNERSHIPS
SENIOR MANAGEMENT
SUCCESS STORIES
23
INVESTMENT CRITERIA
EQUITY INVESTMENTS TERM / PROJECT FINANCINGGENERAL REQUIREMENTS
◘ ICD’s investment operation is generally sector-agnostic and open to opportunities in various stages of maturity and various financing requirements and needs.
◘ All in all, opportunities must meet the following minimum requirements:
Majority private sector ownership
Based in member-country
Shariah compliance Compelling opportunity Financial feasibility Competent/credible
sponsors and management
Acceptable legal structure
Clear/compelling developmental impact
◘ Maximum participation of 33% of investee’s capital
◘ Clear exit strategy within 3 to 5 years of investment (extendable to 7 years in exceptional cases)
◘ For green-field projects, up to 40% of project investment costs; for expansion of existing projects, up to 60% of project investment costs
◘ Tenure of up to 8 years including grace period
◘ Minimum size of USD 5 million
◘ Acceptable security and guarantees include:
Mortgages / Pledges Assignment of
receivables Corporate guarantee
from parent companies Personal guarantee Bank guarantee
24
TABLE OF CONTENTS
ABOUT ICD
ICD STRATEGY AND GOALS
FUNCTIONAL FLOW & BREAKDOWN
CURRENT PORTFOLIO
INVESTMENT CRITERIA
INVESTMENT PROCESS FLOW
PARTNERSHIPS
SENIOR MANAGEMENT
SUCCESS STORIES
25
INVESTMENT PROCESS SUMMARY
KEY EXECUTION PHASES
ORIGINATION & PRELIMINARY ASSESSMENT
PROJECT APPRAISAL
INVESTMENT COMMITTEE APPROVAL
EXECUTIVE COMMITTEE APPROVAL
EFFECTIVENESS & DISBURSEMENT
MONITORING & EVALUATION PROJECT CLOSING
Projects are sourced either directly through ICD’s BDPD team or directly submitted by clients.
Initial assessment is conducted by BDPD and is done to ensure with ICD’s mandate and investment criteria.
After initial clearance by BDPD, the relevant execution department, and ICD Investment Committee, ICD conducts a project appraisal that produces a Due Diligence Report and an Indicative Term Sheet.
The final Due Diligence Report and the indicative term sheet are presented to the ICD’s Investment Committee for clearance and approval.
The final financing conditions and the final project information memo are presented to the Executive Committee for final approval on behalf of the Board of Directors.
Effectiveness of the project is declared after satisfactory compliance of all legal requirements are met. Disbursement occurs upon declaring the effectiveness.
The follow up team of ICD closely monitors the implementation stages.
The follow up team tracks the financial performance and developmental results of the projects.
ICD closes the books on the project when the investment is repaid in full or when the corporation exits by selling its equity stakes.
~ 6-8 Weeks ~ 8 – 24 Weeks ~ 3 – 5 Years
1 2 3 4 5 6 7
26
TABLE OF CONTENTS
ABOUT ICD
ICD STRATEGY AND GOALS
FUNCTIONAL FLOW & BREAKDOWN
CURRENT PORTFOLIO
INVESTMENT CRITERIA
INVESTMENT PROCESS FLOW
PARTNERSHIPS
SENIOR MANAGEMENT
SUCCESS STORIES
27
EXTENSIVE PARTNERSHIP NETWORK OF LEADING MDBs AND DFIs
28
TABLE OF CONTENTS
ABOUT ICD
ICD STRATEGY AND GOALS
FUNCTIONAL FLOW & BREAKDOWN
CURRENT PORTFOLIO
INVESTMENT CRITERIA
INVESTMENT PROCESS FLOW
PARTNERSHIPS
SENIOR MANAGEMENT
SUCCESS STORIES
29
EXPERIENCED & DISTINGUISHED LEADERSHIP
Mr. Khaled Mohamed Al-AboodiCHIEF EXECUTIVE OFFICER & GENERAL MANAGER
20 YEARS OF EXPERIENCE IN THE INTERNATIONAL DEVELOPMENT FINANCE INDUSTRY
“ ICD realizes that the role of forward-
looking and well-supported private
sector in achieving an inclusive
development has never been more fundamental ”
Mr. Al-Aboodi started his professional career with the Ministry of Finance & National Economy of Saudi Arabia in 1982 as an Economic Researcher, then as a Director of the Environment Unit, and later as an Acting Director of the International Financial Institutions Department. In 1995 he moved to Washington DC where he served as Assistant to the Saudi Executive Director at the World Bank. He was later appointed Alternate Executive Director for Saudi Arabia at the World Bank Board until 2000. In 2000, he joined the Saudi Public Investment Fund (at the Ministry of Finance) as a Senior Economist where he was in charge of several privatization operations. Mr. Khaled Al-Aboodi holds a Bachelor’s Degree in Economics from King Saud University, Riyadh (1982), and a Master’s Degree in Economics from Northeastern University, Boston, USA (1987).
30
TABLE OF CONTENTS
ABOUT ICD
ICD STRATEGY AND GOALS
FUNCTIONAL FLOW & BREAKDOWN
CURRENT PORTFOLIO
INVESTMENT CRITERIA
INVESTMENT PROCESS FLOW
PARTNERSHIPS
SENIOR MANAGEMENT
SUCCESS STORIES
31
CASE 1: LEVERAGE THROUGH SYNDICATION
ICD acted as Lead Arranger in raising debt for the construction of a steel plant in Mukalla, Yemen;
The total project cost was of USD172m and ICD syndication amount of USD48m;
ICD was able to mobilize two other development agencies to participate:
• OPEC Fund for International Development;
• Arab Fund for Economic and Social Development
Creation of 700 jobs and an increase in the supply of steel in Yemen
Project Sponsors
USD124m Equity contributions
USD48m syndicated loan divided between
the three participants
Yemen
32
Sponsor
CASE 2: PROMOTING INFRASTRUCTURE DEVELOPMENT
ICD and AfDB have provided financing of US$10m for the construction of a bulk terminal in Djibouti;
The marine terminal had a capacity of processing 1 million tons per year of farm inputs and grain. It covers an area of 42,000 m2 at the Port Autonome International and is managed by the SDTV;
The terminal allows the processing of inputs and grain to Ethiopia and the sub-region
Lower cost of farm inputs & grain in Djibouti and Ethiopia by reducing storage costs
US$20m Equity contribution
US$10m Syndicated loan (ICD US$4m & AfDB US$6m)
Djibouti
33
CASE 3: ISLAMIC BANKS IN FRONTIER MARKETS
ICD in partnership with Bank Asya Tamweel Africa has created a holding company that invests in and manages a portfolio of Islamic banks.
It has also developed the necessary synergies to increase the network of Islamic banks in Africa
ICD has invested USD 33m (60% stake in Tamweel Africa) in four banks: Senegal, Niger, Mauritania and Guinea
50.5% 50.0%68.8%
40%60%
100.0%
Fostering and Developing Shariah Compliant Banks in West Africa
34
CASE 4: PROMOTE THE DEVELOPMENT OF SMES
This program allows:
• Increased funding for SMEs in Asia
• Funding for several SMEs in member countries
• Funding of more than 5,000 motorcycles funded PT Mandala Multifinance Indonesia
INVESTORSINVESTORS
SMESME
SMESME SME
SME
ICD provides credit lines to financial institutions.
1
Financial institutions grant medium-term financing for the development of SMEs or for their working capital.
2
SMEs repay the medium-term financing and then financial institutions repay ICD
3
Other investors may participate in the operation, by appointing ICD as an agent
4
4
1
2 222 333
Fostering and enhancing Private Sector in Member Countries
35
BDPD TEAM
Business Development & Partnerships Department (BDPD)
MENA Africa Asia
Syndications & PartnershipsBusiness Development Coverage
CIS Europe Syndications
Farid Mohamed Masmoudi
Director - Global Head BDPD
Chachir Ben Halima
Senior Associate (MENA Coverage)
Cyndo ObreSenior Associate(MENA Coverage
Mamadou BarroManager
(Africa Coverage)
Momar GueyeAssociate
(Africa Coverage)
Ahmed Bin Abdul KhalidHead of Asia
(Asia Coverage)
NoorAzmi Mohd Razalli
Associate(Asia Coverage)
Samir Nadir TaghiyevPrincipal
(CIS Europe Coverage)
Jamshid AkhmedovAssociate
(Uzbekistan Coverage)
Ariff HasanPrincipal
(Syndications)
Arabic Speaker
French Speaker
English Speaker
Bahasa Speaker
Russian Speaker
36
BDPD CONTACT INFO
Ariff HasanPrincipal, Syndications & PartnershipsTel : +966 2 646 8138E-mail: [email protected]
Farid MasmoudiDirector – Global HeadTel : +966 12 646 8113
E-mail: [email protected]
Cyndo ObreAssociate – MENA CoverageTel : +966 12 646 8224E-mail: [email protected]
Mamadou BarroManager – Africa Tel : +221 33 889 11 44E-mail: [email protected]
Momar GueyeAssociate - Africa CoverageTel : +221 33 889 11 44E-mail: [email protected]
Chahir Ben HalimaSenior Associate – MENA Tel : +966 12 646 8133E-mail: [email protected]
NoorAzmi Mohd RazalliAssociate – Asia Tel : +603 2692 6630 E-mail: [email protected]
Ahmed Bin Abdul KhalidHead – Asia Tel : +603 2694 6627E-mail: [email protected]
Samir Nadir TaghiyevSenior Associate - CISTel : +7727 250 5837 E-mail: [email protected]
Jamshid AkhmedovAssociate - Uzbekistan Tel : +998 71 238 9363E-mail: [email protected]
Business Development Coverage
Syndications & Partnerships
37
Enabling Enterprise - Building Prosperity
