$25million financing for Turkish energy group

The Islamic Corporation for the Development of the Private Sector has extended a medium term $25 million corporate finance facility to Çalik Enerji Sanayi ve Ticaret, the energy arm of Çalik Holding.
The proceeds will be used to support the company’s growing activities in the renewable energy sector.
Çalık Holding is a leading Turkish investment conglomerate, with operations spanning energy, construction and real estate, mining, textile manufacturing, telecom and financial services within Turkey and abroad. 
Khaled Mohammed Al-Aboodi, ICD’s CEO and general manager, welcomed the opportunity to expand cooperation with Çalık Group, which is also a partner in ICD’s leasing venture in Albania through Banka Kombetare Tregtare.
“Çalik Group is an important partner of ICD, and we are always on the lookout for opportunities to grow and diversify our partnership with them,” said the CEO. 
“We are particularly pleased to be supporting the Group’s activities in the renewable energy space, which is one of ICD’s priority intervention areas because of its contribution to sustainable development in our member countries,” he said.
For his part, Ahmet Çalik, chairman of Çalik Holding, underlined the importance of sustainable development.

Source: Arab News