Page 102 - ICD-AR22-English

Notes to the Separate Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2022
13 EQUITY INVESTMENTS
The Corporation directly or through intermediaries, owns equity investments. Based on the effective holding of
the Corporation, the investments in equity capital as at the end of the year comprised of the following:
31 December 2022 USD
31 December 2021 USD
Subsidiaries (note 13.1) Associates (note 13.2) Other investments
Equity-type securities – listed Equity-type securities – unlisted
The movement in investments for the year is as follows:
At the beginning of the year
132,849,210
140,537,445
73,173,242
20,111,571
326,448,326
359,274,458
163,492,352
124,545,107
71,236,999
22,872,063
336,402,395
322,134,545
6,115,340
23,929,932 (1,299,980) 8,394,621
346,559,897
359,274,458
31 December 2022 USD
31 December 2021 USD
346,559,897
359,274,458
31 December 2022 USD
31 December 2021 USD
Additions 3,500,000
Transfer from Murabaha Financing - Disposals (4,200,697) Fair value (losses)/ gains, net (12,013,864)
At the end of the year
346,559,897
359,274,458
100 ICD ANNUAL REPORT 2022