| In early 2004, AKFED, as part of its strategy to strengthen its presence in the financial sector of this region, acquired 70% stake in IPDC by purchasing the shares from IFC, CDC and DEG.
In 2006, the shareholding structure was again changed by issuance of public shares. However, AKFED maintains the management control of the company holding 51% of the shares
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IPDC Board of Directors has eleven members, GOB 2, AKFED 7, Independent 1, Managing Director (Ex-officio) 1. The Secretary, Ministry of Industries, GOB is present Chairman of IPDC. |