ICD Signs MOU with the AAA Finance & Investment Limited
News & Events
January 22 2018

ICD Signs MOU with the AAA Finance & Investment Limited

On January22, 2018, the Islamic Corporation for the Development of the Private Sector (“ICD”), the private sector arm of Islamic Development Bank (IDB) Group signed a Memorandum of Understanding with AAA Finance & Investment Limited, Bangladesh in order to strengthen collaboration for fostering private sector development in the country. The signing ceremony was held at Head Quarter of ICD Jeddah, Saudi Arabia.

The CEO of ICD, Mr Khaled Al Aboodi and MrKhwajaArif Ahmed, Chairman and Mr Mohammad Ferdous Mazid,Director &Chief Operating Officer of AAA Finance & Investment Limited signed the MOU on behalf of their respective institutions.

The joint collaboration will encompass the areas of Term Finance, Public Private Partnership transactions, Lines of Finance and any other areas of mutual interest.

Mr. KhwajaArif Ahmed, Chairman of AAA Finance & Investment Limitedsaid, “AAA Finance has achieved significant growth over the years by leveraging strong relationships with partners and providing innovative solutions to meet growing financial needs in Capital market. I’m sure this partnership with ICD will improve AAA’s performance capacities and better serve our customers’ Capital needs.”

The signing ceremony was also attended by MrSalah Bable, Head of Line of Finance of ICD, MrMasudHasan, Head of Foreign Fund of AAA Finance & Investment Limited and other high officials of both the institutions.