Riyadh, Saudi Arabia – 09 December 2025 – H.E. Dr. Muhammad Al Jasser, Chairman of the Islamic Development Bank (IsDB) Group, participated in the high-level panel “Building Sustainable Futures on a Global Scale” during the MOMENTUM Development Finance Conference organized by the National Development Fund (NDF) in Riyadh.
At the outset, Dr. Al Jasser expressed his profound gratitude to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and to HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, for their unwavering support to the Islamic Development Bank and for the Kingdom’s leadership in strengthening global development cooperation.
During his remarks, Dr. Al Jasser underscored how IsDB’s presence in Saudi Arabia amplifies its global impact, stating: “Our presence in the Kingdom is a strategic advantage that strengthens our ability to deliver sustainable and inclusive development globally.” He highlighted that hosting IsDB’s headquarters in Saudi Arabia combined with the Kingdom’s vision, support, and leadership in development finance has enabled the Bank to maintain its prestigious AAA credit rating, expand its financing capacity, and deepen strategic partnerships across the Global South.
“It is also essential to recognize the foundation upon which we are building. While our paid-up capital is around US$10 billion as of 2025, we have provided over US$200 billion in development financing, demonstrating the Bank’s ability to deliver strong development impact under a robust Global South development model,” Dr. Al Jasser added. The Kingdom’s leadership has fostered an enabling ecosystem for innovation, humanitarian action, and knowledge exchange, allowing IsDB to play a pivotal role in advancing the Sustainable Development Goals (SDGs).
Dr. Al Jasser emphasized that the Islamic Development Bank is a founding member of the Arab Coordination Group (ACG), a coalition that has delivered major development interventions across the globe. These initiatives have empowered communities through transformative investments in agriculture, infrastructure, education, health, energy, and broader social development.
The IsDB Chairman also highlighted the Bank’s strategic partnership with the Saudi Fund for Development (SFD), which has resulted in joint investments supporting projects across key development sectors, including agriculture, transport, water, power, and other critical infrastructure. He further noted the Bank’s impactful humanitarian partnerships with King Salman Humanitarian Aid and Relief Centre (KSRelief,and the Global Muslim Philanthropy Fund for Children (GMPFC), alongside IsDB’s leadership in advancing innovative Islamic financing.
Dr. Al Jasser further highlighted strong multilateral cooperation with the World Bank, the African Development Bank (AfDB), and the French Development Agency, all contributing to critical areas such as agriculture, infrastructure, food security, health systems, energy access, and climate resilience.