Bangkok, Thailand, 17 October 2026 – H.E. Dr. Muhammad Al Jasser, Chairman of the Islamic Development Bank (IsDB) Group, met with H.E. Eng. Abdulla bin Mohammed Al Zamil, Chairman of GIB Saudi Arabia and GIB Capital, and Mr. Abdulaziz Al-Helaissi, Group CEO of Gulf International Bank (GIB), to explore opportunities to elevate their longstanding financial relationship into a broader strategic partnership. The meeting took place on the sidelines of the 2026 World Bank Group–International Monetary Fund Annual Meetings in Bangkok.

Discussions focused on expanding cooperation in Sukuk investments and Islamic capital markets, strengthening Shariah-compliant liquidity and hedging solutions, and exploring co-financing and sustainable finance opportunities across IsDB member countries.

Building on their longstanding cooperation, including GIB’s participation in IsDB Sukuk issuances and existing liquidity arrangements, the two sides explored opportunities to broaden the Bank’s investor base, enhance secondary-market liquidity, and strengthen treasury cooperation.

The meeting also highlighted opportunities to adopt a more coordinated approach to leveraging GIB’s financial expertise and the IsDB Group’s development capabilities to strengthen Islamic capital markets, mobilize private capital, and expand financing for sustainable development across member countries.

Both institutions reaffirmed their commitment to advancing their strategic partnership and exploring practical opportunities for deeper financial and development cooperation.

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