ICD provides USD 20M financing to API for non-woven fabrics expansion in Jordan

The Islamic Corporation for the Development of the Private Sector (ICD) extended a USD 20 million medium-term Islamic finance facility to Applied Plastic Industries Company (API) in Jordan. The financing will fund capital expenditure for advanced Spunlace equipment to establish a new production line and expand manufacturing capacity for non-woven fabrics.

“This financing facility exemplifies ICD's strategic commitment to advancing industrial development across our member countries”zawya.com

• 2 sources
• zawya.comICD extends $20mln Islamic financing to expand Jordan's non-woven fabrics industryJan 1, 2026
• zawya.comICD extends $20mln financing to non-woven fabrics firm in JordanStaff Writer , TradeArabiaJan 5, 2026

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