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Saudi Arabia: IDB triples authorised capital to US$150 bln

Source: Middle East Insurance Review | Aug 2013

The Islamic Development Bank (IDB), a Jeddah-based multilateral development institution, has increased its authorised capital to 100 billion Islamic Dinars (US$150 billion) from 30 billion Islamic Dinars to meet the growing economic development needs of its 56 member countries.

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