Islamic Corporation for the Development of the Private Sector

Islamic Corporation for the Development of the Private Sector (ICD) is an economic development agency based in Jeddah, Saudi Arabia. Established in 1999, the firm is a multilateral development financial institution and is part of the Islamic Development Bank ("IDB") Group. The firm supports the economic development of the member countries through the provision of finance for private sector projects, promoting competition and entrepreneurship, providing advisory services to the governments and private companies and encouraging cross border investments. The assets of the firm are managed by the board of directors.Islamic Corporation for the Development of the Private Sector's investment portfolio is valued at over $1.24 billion, with investments in domestic and international equity, fixed income, private equity, and cash.