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Saudi Arabia urged to leverage IDB membership

Posted on 01 July 2011

As the main equity subscriber to the Islamic Development Bank (IDB) with 26.8 percent of the subscribed capital, by far the largest, and as its host country in terms of its headquarters, Saudi citizens are justified to ask ‘What is the Kingdom getting in return for its investment in the IDB Group?’
The delegates of the extraordinary meeting of the foreign ministers of the Organization of the Islamic Conference (OIC) could have envisaged the strides the subsequent Islamic Development Bank, which was set up in the following year in 1975, has made in a mere 35 years……………………………………….Full Article: Source

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