Islamic Corporation for the Development of the Private Sector

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.

The Islamic Corporation for the Development of the Private Sector extended a $20 million medium-term Islamic finance facility to Applied Plastic Industries Company to finance capital expenditure for advanced Spunlace equipment, enabling a new production line and expansion of manufacturing capacity in Jordan.