ICD acquires Capitas Group International and changes name to Catalyst Group - www.islamicfinance.de 11th October 2016

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As part of its strategy to facilitate private sector investment, the Islamic Corporation for the Development of the Private Sector (ICD), has acquired Capitas Group International and has changed its name to Catalyst Group. The existing Catalyst Group management team is extending market interventions in real estate development and advisory services. Khalid Al Aboodi, CEO of ICD stated that the acquisition of Catalyst Group was strategically important as it will act as a facilitator for business. CEO of Catalyst Group, Nazih Al Naser added that the group was looking forward to improving access to capital for small-to-medium enterprises.