ICD partners with Al-Ajial to invest in Moroccan private sector

Saudi-based Islamic Corporation for the Development of the Private Sector (ICD) has signed a memorandum of understanding with Morocco’s Al-Ajial Funds (Al-Ajial). Through this partnership, ICD and Al-Ajial Funds will establish a framework of cooperation in order to co-invest in potential projects within Morocco’s private sectors. The ICD is particularly interested in Al-Ajial Funds’ experience in supporting Morocco’s private sector, according to ICD chief executive Khaled Al-Aboodi.