Close
ICD buys Capitas Group International

ICD buys Capitas Group International

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 Islamic non-bank financial institution advisory services.

In conjunction with the launch of the new brand, the tagline ‘Energizing Enterprise’ has been chosen to better reflect the current and future direction of the company.

Khalid Al Aboodi, CEO of ICD, said: “The acquisition of Catalyst Group is strategically important as it will act as a facilitator for business in the markets we serve.”

Meanwhile, Nazih Al Naser, CEO of Catalyst Group, said: “Catalyst Group is pleased to have the support of the ICD and looks forward to assisting our partners with pure-play real estate opportunities, real estate finance advisory services, and generally improving access to capital for small-to-medium enterprise through our interventions.”

 

2

Rate this article

Author Thumbnail
Written by African Business Magazine

African Business and its award-winning team is widely respected for its editorial excellence. We provide the all important tools enabling you to maintain a critical edge in a continent that is changing the world. Our special reports profile a wide range of sectors and industries including Energy, Oil and Gas, Aviation, Agriculture to name but a few.

Join our mailing list to receive a sharp, curated weekly round-up of African business news.

Help us deliver better content

Related Posts

Join our 70,000+ subscribers by signing up to our mailing list

Help us deliver better content