Page 101 - ICD AR21 EN

12 EQUITY INVESTMENTS (Continued)
12.1 INVESTMENTS IN SUBSIDIARIES
Effective ownership percentage in subsidiaries and their countries of incorporation at the end of the year and nature of business are as follows:
ANNEXES
Name of the entity
Country of incorporation
Nature of business
Effective ownership %
2021
2020
Azerbaijan Leasing
ICD Asset Management Limited Islamic Banking Growth Fund Taiba Leasing
Tamweel Africa Holding
Ijara Management Company Capitas Group (Formerly Capitas) ASR Leasing LLC
Al Majmoua Al Mauritania Ewaan Al Fareeda Residential Co. Taha Alam Sdn Bhd
Azerbaijan Malaysia Malaysia
Uzbekistan Senegal Saudi Arabia Saudi Arabia Tajikistan Mauritania Saudi Arabia Malaysia
Leasing Asset management Private equity fund Leasing Banking Leasing Advisory Leasing Real estate Real estate Hajj & Umra Services
100 100 100 100 100 100 100 100 100 100 100 100 100 100
67 67 53 53 50 50 50 50
a) In the above investment, certain subsidiaries carried at nil value where the Corporation had invested in earlier years and were fully impaired.
b) There are no regulatory or contractual arrangements that restrict the subsidiaries ability to transfer funds in the form of cash dividends or repay financing or advances made to them by the Corporation. The Corporation sometimes extends financial assistance in the form of advances to its subsidiaries.
STRONGER TOGETHER 99