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06-03-14

Saudi Islamic Corporation, Al-Ajial Funds sign MoU

(MENAFN) Islamic Corporation for the Development of the Private Sector (ICD) has signed a memorandum of understanding with Al-Ajial Funds (Al-Ajial), according to Arab News. The two parties signed the MoU to set up an investment in Morocco in the G8 Deauville Partnership Investment Conference in Skhirat, Morocco. Under the agreement, ICD and Al-Ajial Funds will establish a framework of cooperation in order to co-invest in potential projects within Morocco"s private sectors. ICD CEO Khaled Al-Aboodi said: "ICD is particularly interested in Al-Ajial Funds" experience in supporting Morocco"s private sector and its strong record of successful accomplishments."