Tag: Bandar Hajjar

  • IDB «AAA» rating reaffirmed by Moody’s

    IDB «AAA» rating reaffirmed by Moody’s

    Jeddah : The Islamic Development Bank’s “AAA” credit rating was recently reaffirmed with a “Stable Outlook” by Moody’s. Concurrently, the trust certificates issued by IDB Trust Services Ltd have also been affirmed at ‘AAA’. The ratings and the stable outlook reflect the intrinsic strength of IDB; in particular its strong capital base, solid liquidity levels,…

  • IDB to support Somalia in strengthening livestock market

    IDB to support Somalia in strengthening livestock market

    Jeddah : The Islamic Development Bank (IDB) will strongly support the government of Somalia in strengthening livestock market through capacity building for the benefit of the country’s economy. IDB President Dr. Bandar Hajjar disclosed this during talks with Somalia’s minister of livestock, Sheikh Nur Mohamed Hassan. Dr. Hajjar stated that IDB welcomes capacity building at…

  • Saudi Arabia accepts Iranian request to sign Hajj 2016 agreement

    Saudi Arabia accepts Iranian request to sign Hajj 2016 agreement

    Jeddah, (IINA) – Saudi Arabia on Tuesday accepted the Iranian government’s request to sign the annual Hajj agreement, a decision that will allow Iranian citizens to perform the pilgrimage this year. An Iranian delegation is due to sign the pact today, Arab News reported. Hameed Mohammadi, assistant chairman of the Iranian Hajj organization, said: “The Saudi…

  • Hajjar to replace Ahmed Ali as IDB chief

    Hajjar to replace Ahmed Ali as IDB chief

    Jeddah (IINA) – Saudi Arabia has proposed Bandar Hajjar, former minister of Haj, as the new president of the Islamic Development Bank (IDB) Group. Hajjar will replace Dr. Ahmed Muhammad Ali, who has been serving as the president of IDB for most of the period ever since its inception in 1975, the Saudi Press Agency…