Page 115 - ICD AR21 EN

19 PAID‐UP CAPITAL
The share capital of the Corporation at year end comprises of the following:
Authorized share capital: 400,000 shares of USD 10,000 each
Subscribed capital share:
Available for subscription: 200,000 shares of USD 10,000 each Share capital not yet subscribed
Installments due not yet paid
4,000,000,000
2,000,000,000 (279,664,646)
1,720,335,354 (137,411,927)
4,000,000,000
2,000,000,000 (279,664,646)
1,720,335,354 (194,887,004)
659,681,958 124,940,000 692,626,392
40,000,000 6,000,000 2,000,000
200,000
ANNEXES
31 December 2021 USD
31 December 2020 USD
Paid-up capital
1,582,923,427
1,525,448,350
In 2021, USD 57.5 million (2020: 131.1 million) received from the shareholders. The paid-up capital of the Corporation represents amounts received from the following members:
Islamic Development Bank (IsDB) 659,681,958 Saudi Public Investment Fund 124,940,000 Member countries 750,101,469 Iran Foreign Investment Company 40,000,000 Bank Keshavarzi 6,000,000 Bank Melli 2,000,000 Bank Nationale D’Algerie 200,000
20 RESERVE AND DIVIDEND
31 December 2021 USD
31 December 2020 USD
Paid-up capital
1,582,923,427
1,525,448,350
In accordance with Section 1 of Article No. 33 of the Articles of Agreement of the Corporation, the General Assembly shall determine the part of the Corporation’s net income and surplus after making provision for reserves to be distributed as dividend. In any event, no dividend shall be distributed before reserve reach 12.5% of the subscribed capital. No dividend was paid or declared in 2021 and 2020.
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