Jeddah-based Islamic Development Bank (IsDB) has opened its first regional headquarter in Cairo, Egypt, Arab Finance reports.
The bank made the announcement in an email press release seen by the media, following the 2022 Annual Meetings, which was held in Sharm El Sheikh under the supervision of President Abdelfattah El-Sisi to discuss economic and financial developments.
The bank, according to its Vice President Amer Bukvic, has invested $4.3 billion in member countries and Islamic communities across the world to alleviate the impact of the Covid-19 pandemic.
In Egypt, the bank’s investment portfolio exceeds $17 billion covering several areas including industry, mining, energy, finance, agriculture, education, health, water and sanitation, real estate, ICT, transportation, and other various development areas.
Saudi Arabia-based IsDB opens first regional headquarters in Egypt
