Page 119 - ICD-AR22-English

Notes to the Separate Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2022
20 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 (133,598,908)
4,000,000,000
2,000,000,000 (279,664,646)
1,720,335,354 (137,411,927)
31 December 2022 USD
31 December 2021 USD
Paid-up capital
1,586,736,446
1,582,923,427
In 2022, USD 3.81 million (2021: 57.5 million) received from the shareholders. The paid-up capital of the Corporation represents amounts received from the following members:
31 December 2022 USD
31 December 2021 USD
Islamic Development Bank (IsDB) Saudi Public Investment Fund Member countries
Iran Foreign Investment Company Bank Keshavarzi
Bank Melli
Bank Nationale D’Algerie
21 RESERVE AND DIVIDEND
659,681,958
124,940,000 753,914,488 40,000,000 6,000,000 2,000,000
200,000
659,681,958
124,940,000 750,101,469 40,000,000 6,000,000 2,000,000
200,000
Paid-up capital
1,586,736,446
1,582,923,427
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 2022 and 2021.
REINVIGORATING THE PRIVATE SECTOR TO SHAPE A BETTER FUTURE 117