Islamic Development Bank elects Saudi nominee as new President


Jeddah, Jul 19 (IANS): The Islamic Development Bank (IsDB) said that Saudi Arabia's nominee Muhammed Sulaiman Al Jasser has been elected as its new President for five years.

The election was confirmed by the IsDB Group General Secretariat on Sunday, reports Xinhua news agency.

The IsDB Board of Governors (BoG) adopted a resolution expressing profound gratitude and appreciation of Saudi Arabia for its continuous support to the bank since its inception, according to an official statement.

The BoG Committee of Procedures held an online meeting on July 6 to consider the candidacy of Al Jasser for the IsDB presidency to succeed Bandar Hajjar.

Located in Jeddah, the IsDB is a multilateral development finance institution focusing on Islamic finance.

Saudi Arabia is the largest single shareholder among the bank's 57 member states.

  

Top Stories


Leave a Comment

Title: Islamic Development Bank elects Saudi nominee as new President



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.


Security Validation

Enter the characters in the image