ADFIAP has welcomed two new members during its General Assembly (GA) Meeting on February 20, 2018 in New Delhi, India. The two new members are the Saudi Arabia-based Islamic Corporation for the Development of the Private Sector (ICD) of the Islamic Development Bank Group, and the Regional Development Bank of Sri Lanka (RDB).
ICD is a multilateral development financial institution and is part of the Islamic Development Bank (IDB) Group. ICD was established in November 1999 to support the economic development of its 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.
ICD’s Chairman of the Board and Chief Executive Officer are H.E. Dr. Bandar M. H.Hajjar, and Hon. Khaled Al Aboodi, respectively.
RDB was established as a statutory body under the Pradheshiya Sanwardana Bank Act No. 41 of 2008 and was set up in 2010 amalgamating six provincial banks as a 100% government-owned bank with the objective of improving the living standards of the rural masses by providing them accessible and affordable credit facilities.
RDB’s Chairman of the Board and General Manager/CEO are Mr. Prasanna Premarathna, and Mr. T.A. Ariyapala, respectively.