The Islamic Development Bank (IsDB) Group Private Sector Institutions to Host the Private Sector Forum, 28-30 April 2024, Riyadh, Kingdom of Saudi Arabia (KSA)

The Islamic Development Bank (IsDB) Group’s ( private sector institutions, including the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Islamic Corporation for the Development of the Private Sector (ICD), and the International Islamic Trade Finance Corporation (ITFC), are proud to announce the upcoming “Private Sector Forum,” which will take place on April 28-30, 2024, at the Intercontinental Riyadh Hotel, Saudi Arabia, on the sidelines of the IsDB Group Annual Meetings and Coinciding with the celebration of the Golden Jubilee of the Islamic Development Bank under the High Patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud.  

This year’s theme, “Cherishing our Past, charting our Future: Originality, Solidarity, and Prosperity”, reflects our dedication to honouring our rich heritage while paving the way for a future filled with innovation and shared success.

PSF 2024 Aims to:

Foster unparalleled networking opportunities for stakeholders from the global business community to exchange insights and success stories.,
Showcase the IsDB Group’s substantial contributions to advancing Public-Private Partnerships (PPPs) and supporting Vision 2030 in the Kingdom of Saudi Arabia.
Connect the business communities within our Member Countries through B2B and B2G meetings.
Provide a platform for partners and startups to showcase their innovations and services they offer.
Celebrate achievements of organizations and individuals through IsDB Group Awards Ceremony.

The event is expected to attract more than 2,500 participants, including government officials, Chairmen, Presidents, and CEOs of local and international companies, multilateral and financial institutions, chambers of commerce and industry, business associations, investment promotion agencies, individual investors, and entrepreneurs. The Forum will also facilitate parallel B2B and B2G meetings, enabling business communities across member countries to establish valuable connections. The event will feature an exhibition for partners and a competition for start-ups, and for the first time, notable organizations and personalities will be recognized and awarded by the IsDB Group entities.

The Private Sector Forum will also feature prominent speakers sharing their in-depth perspectives with the IsDB Group Entities Chief Executive Officers, Mr. Oussama Kaissi, the CEO of ICIEC, Eng. Hani Salem Sonbol, the CEO of ITFC, and the Acting CEO of ICD. The speakers will share success stories, experiences, and best practices for promoting investment and trade opportunities in member countries.

For further information, please refer to the event’s website ( The Private Sector Forum is a significant opportunity for partners and leading stakeholders to foster relationships, share knowledge and expertise, and discover new investment and trade opportunities.

Distributed by APO Group on behalf of Islamic Development Bank Group Business Forum (THIQAH).

Media Contacts:
Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
Rania Binhimd
Communication Department

International Trade Finance Corporation (ITFC)
Tel: +966 12 646 8337
Fax: +966 12 637 1064

Islamic Development Bank Group Business Forum (THIQAH)

Social Media:
Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)

Islamic Corporation for the Development of the Private Sector (ICD)
Twitter: @ICD_PS
LinkedIn: ICDPS
Facebook: @icdps
YouTube: ICDPS

International Trade Finance Corporation (ITFC)
Linkedin: International Islamic Trade Finance Corporation (ITFC)

Islamic Development Bank Group Business Forum (THIQAH)
LinkedIn: IsDB Group Business Forum – THIQAH

About Islamic Development Bank (IsDB):
The Islamic Development Bank is a multilateral development bank that works to improve the lives of those it serves by promoting social and economic development in Muslim countries and communities around the world and making a difference at scale. Through collaborative partnerships between communities in its 57 member countries, the Bank seeks to equip communities to drive their own economic and social progress at scale, and put the infrastructure in place to enable them to realize their potential. The Bank’s new business model of “making markets work for development” contributes to enhancing the competitiveness of our member countries in strategic industries in order to improve participation and upgrading in global value chains. This is in the field of food and agricultural industries, textiles, clothing, leather, shoes, petrochemicals and petroleum, construction, and Islamic finance. The Bank also promotes innovative and sustainable solutions to the biggest development challenges in the world, and takes advantage of the scientific potential in technology and innovation as strategic drivers of economic growth, and we also work to achieve the United Nations sustainable development goals.

About The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) :
ICIEC commenced operations in 1994 to strengthen economic relations between OIC Member States and promote intra-OIC trade and investments by providing risk mitigation tools and financial solutions. The Corporation is uniquely the only Islamic multilateral insurer in the world. It has led from the front in delivering a comprehensive suite of solutions to companies and parties in its 49 Member States. ICIEC, for the 16th consecutive year, maintained an “Aa3” insurance financial strength credit rating from Moody’s, ranking the Corporation among the top of the Credit and Political Risk Insurance (CPRI) Industry. ICIEC’s resilience is underpinned by its sound underwriting, reinsurance, and risk management policies. Cumulatively, ICIEC has insured more than US$ 108bn in trade and investment. ICIEC activities are directed to specific sectors – energy, manufacturing, infrastructure, healthcare, and agriculture.

For more information, visit:

About the Islamic Corporation for the Development of the Private Sector (ICD): 
The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral organization affiliated with the Islamic Development Bank (IsDB). It supports the economic development of its member countries by providing financial assistance to private sector projects in accordance with the principles of Shari’ah. It also mobilizes additional resources for projects and encourages the development of Islamic finance. ICD’s operations complement the activities of IsDB in member countries and also those of national financial institutions. ICD has 55 member countries and five public financial institutions as its shareholders and has an authorized capital of USD 4 billion.


About the International Trade Finance Corporation (ITFC):
The International Islamic Trade Finance Corporation (ITFC) is a member of the Islamic Development Bank (IsDB) Group. It was established with the primary objective of advancing trade among OIC member countries, which would ultimately contribute to the overarching goal of improving socioeconomic conditions of the people across the world. Commencing operations in January 2008, ITFC has provided US$ 75 billion of financing to OIC member countries, making it the leading provider of trade solutions for these member countries’ needs. With a mission to become a catalyst for trade development for OIC member countries and beyond, the Corporation helps entities in member countries gain better access to trade finance and provides them with the necessary trade-related capacity building tools, which would enable them to successfully compete in the global market.

About the Islamic Development Bank Group Business Forum (THIQAH)
The Islamic Development Bank Group Business Forum (THIQAH) is the window of the IsDB Group that facilitate contact and coordination between entities concerned of the IsDB Group and private sector firms and related institutions in IsDB Group member countries. The main objective of THIQAH is to establish a unique platform for effective dialogue, cooperation and inclusive partnership for business leaders committed to partnering in promising investment opportunities. Through facilitation and catalyst roles, THIQAH will be leveraging IsDB Group’s resources to offer necessary services and confidence to investors and to establish strategic partnerships with the leaders of the private sector. The primary focus will be on maximizing cross-border investment among member countries to be supported by IsDB Group’s financial products and services. (

The post The Islamic Development Bank (IsDB) Group Private Sector Institutions to Host the Private Sector Forum, 28-30 April 2024, Riyadh, Kingdom of Saudi Arabia (KSA) appeared first on Capital Newspaper.

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