Acquiring Company
Islamic Corporation for the Development of the Private Sector
Acquired Company
Samuda Shipping Limited
Jeddah
BangladeshFinancial ServicesFinanceLendingBankingGovernmentTransportationLogisticsDescription
The Islamic Corporation for the Development of the Private Sector has financed the acquisition of MT Samuda, a 22,000 MT edible oil tanker. This transaction will support TK-Samuda Group's operations in importing crude palm oil. The agreement marks ICD's first transaction with TK-Samuda Group and reflects a commitment to long-term asset-backed development adhering to Shariah principles.
Fundz sees it the moment Islamic Corporation for the Development of the Private Sector makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired Samuda Shipping Limited?
Samuda Shipping Limited was acquired by Islamic Corporation for the Development of the Private Sector, based in Jeddah. The deal was reported on October 5, 2026. The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral development finance institution and member of the Islamic Development Bank (IsDB) Group. Islamic Corporation for the Development of the Private Sector is privately held and operates in Financial Services.
When did Islamic Corporation for the Development of the Private Sector acquire Samuda Shipping Limited?
Islamic Corporation for the Development of the Private Sector's acquisition of Samuda Shipping Limited was reported on October 5, 2026. The Islamic Corporation for the Development of the Private Sector has financed the acquisition of MT Samuda, a 22,000 MT edible oil tanker. This transaction will support TK-Samuda Group's operations in importing crude palm oil. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Samuda Shipping Limited do?
Samuda Shipping Limited is a concern of TK-Samuda Group, one of the largest conglomerates in Bangladesh. The company operates in the transportation sector, focusing on shipping vessels for various goods. It is privately held, operating in Transportation, and is based in Bangladesh.
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