IE Business School Creates Corporate MBA for the Islamic Corp. for the Development of Private Sector

Harnessing and developing talent, building a high performance culture by creating an conducive environment- transparent, merit driven and supportive are main objectives of ICD. In line with its private sector developmental mandate, ICD is keen to build a pool of highly talented young executives who are capable of supporting the channels and investees current and future business requirements.

The 15-month Corporate MBA program will include 10 residential periods, each one week in length.  The opening and closing sessions, including the graduation ceremony, will take place on the IE Business School campus in Madrid, Spain; and six residential periods will be held at ICD headquarters in Jeddah, Saudi Arabia.  The remaining two modules will be taught by faculty at collaborating U.S.-based schools, including Harvard Kennedy School in Cambridge, Massachusetts.

Between these face-to-face classroom sessions, the ICD students will utilize IE’s online learning platform to access multimedia material and cases, group work, and class updates.

The 40 executives participating in the Corporate MBA program have been chosen by ICD as experienced and polyvalent employees with an average of 10 years of work experience. The Graduates of the ICD MBA will receive an MBA degree from IE Business School.

The core ICD MBA curriculum will include Marketing, Accounting, Strategy, Economics, Finance – including Valuation and Behavioral Finance – Operations, and Entrepreneurship.  Courses will also develop the leadership, teamwork, and negotiation skills of participants.  Instruction at Harvard Kennedy School will include a policy perspective on the MBA curriculum.

Dr Abdelziz Mustafa commenting on the agreement on behalf of the Chief Executive Officer of ICD, Mr. Khaled Al Aboodi, by saying: “The mandate of ICD is basically the development. We are certain that a critical part of the development is education. In this regard, ICD management is keen to build the capacity of its staff in order to be able to develop and apply the best practices in our markets in the member countries. Furthermore, ICD is not financing and investing institution but also advising and catalyzing positive change”.

“This institutional MBA, which we developed specifically for ICD is unique in terms of learning objectives covered and the format how it is being delivered. Especially our collaboration with the Harvard Kennedy School adds the necessary political perspective to the program” said IE Business School Dean of Programs Martin Boehm.