Who we are

"Catalyst Group" (“CG”) is a Jeddah-based company established to build, launch and manage real estate sector businesses and projects. CG was founded in 2009 and is a wholly-owned subsidiary of the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDBG).  Since then, the Company has since been engaged by leading private sector institutions and governments to develop real estate financial platforms and oversee large scale real estate development projects."

The Islamic Development Bank Group

The Islamic Development Bank Group (IDB Group) is a South- multilateral development finance institution established in pursuance of the Declaration of Intent issued by the Conference of Finance Ministers of Muslim Countries held in Jeddah in DhulQ’adah 1393H, corresponding to December 1973. The Inaugural Meeting of the Board of Governors took place in Rajab 1395H, corresponding to July 1975, andthe Bank was formally opened on 15 Shawwal 1395H corresponding to 20 October 1975. The purpose of the Bank is to foster the economic development and social progress of member countries and Muslim communities individually and collectively in accordance with the principles of Shari’ah (Islamic Law).
The IDB Group comprises five entities , namely:
(i) Islamic Development Bank (IDB);
(ii) Islamic Research and Training Institute (IRTI);
(iii) Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC);
(iv) Islamic Corporation for the Development of the Private Sector (ICD);
(v) International Islamic Trade Finance Corporation (ITFC).

The Islamic Corporation for the Development of the Private Sector

The Islamic Corporation for the Development of the Private Sector (“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 has an authorized capital of $4 billion. Currently, the shareholders of ICD are the IDB, 52 Islamic countries and five public financial institutions.

ICD fosters sustainable economic growth in its 52 member countries by financing private sector investment, mobilizing capital in the international financial markets, and providing advisory services to business and governments. ICD financing projects are selected on the basis of their contribution to economic development considering factors such as job creation, Islamic finance development, contribution to exports etc. ICD also provides advisory services to governments and private sector groups on policies designed to encourage the establishment, expansion and modernization of private enterprises, development of capital markets, best management practices and to enhance the role of the market economy. ICD operates to complement the activities of the IDB in member countries and also that of national financial institutions.