Riyadh Gears Up for the 2024 Islamic Development Bank Group’s Annual Meetings and Golden Jubilee Celebration

Jeddah, Kingdom of Saudi Arabia, 16 April 2024 - The Islamic Development Bank Group (IsDB) is set to hold its 2024 Annual Meetings and Golden Jubilee in Riyadh from April 27-30, under the Royal Patronage of the Custodian of Two Holy Mosques, King Salman Bin Abdulaziz Al-Saud. The 2024 Annual Meetings will be held under the theme of “Cherishing our Past, Charting our Future: Originality, Solidarity and Prosperity”, which marks IsDB’s 50 years of fostering socio-economic development in its member countries.

As the premier South-South multilateral development Bank, the 2024 IsDB Group Annual Meetings and Golden Jubilee are expected to attract international and regional attention. The Annual Meetings will feature a series of side events with top-level panelists from government, international and regional organizations, the private sector, academia, and civil society.

Ministers of Economy, Planning, and Finance from IsDB's 57 member countries will participate in the event, along with representatives of international and regional financial institutions, Islamic banks, private sector companies, national and international development finance institutions, international and regional organizations, NGOs, chambers of commerce & Industry, and business councils. The meetings will provide an opportunity to explore ways to consolidate economic relations among IsDB member countries and maximize cooperation with participating financing institutions.

During the Annual Meetings, IsDB will also celebrate the Bank’s Golden Jubilee to commemorate five decades of unwavering collaboration, steadfast partnerships, and transformative change. It marks a significant journey of IsDB that began 50 years ago in Riyadh with the inaugural meeting of IsDB Board of Governors, which was graced with the attendance of the Emir of Riyadh at that time HRH Prince Salman Bin Abdulaziz Al-Saud.

A number of forums, seminars, and meetings will take place during this historic gathering including the Governors Roundtable Meeting, the 18th IsDB Global Forum on Islamic Finance, IsDB Group 2024 Private Sector Forum, the Role of SMEs in Saudi Vision 2030, Charting a Course for Augmenting SDGs Financing, Leveraging Islamic Finance for Developing Sustainable and Resilient Infrastructure, Arab Coordination Group Forum, Future Vision Symposium, General Assembly of Federation of Consultants from Islamic Countries (FCIC).

About Islamic Development Bank (IsDB) Group

Rated AAA by the major rating agencies of the world, the Islamic Development Bank is the pioneering multilateral development bank of the Global South that has been working for 50 years to improve the lives of the communities it serves by delivering impact at scale. Guided by the principles of Islamic finance, the Bank brings together 57 Member Countries across four continents, touching the lives of nearly 1 in 5 of the world population. Its mission is to equip people to drive their own economic and social progress at scale, putting the infrastructure in place enabling them to fulfil their potential. Headquartered in Jeddah, Kingdom of Saudi Arabia, IsDB has regional hubs and centers of excellence in 11 of its Member Countries.  Over the years, the Bank has evolved from a single entity into a group comprising five entities: Islamic Development Bank (IsDB), the Islamic Development Bank Institute (IsDBI) tasked with research and training, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Islamic Corporation for the Development of the Private Sector (ICD), and the International Islamic Trade Finance Corporation (ITFC).


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