Capitas Group International Company, a limited liability company was established on Nov 19, 2009 in Saudi Arabia. The company’s principal activities include providing administrative, advisory, strategic planning and technical services related to the establishment and operations of mortgage finance companies in the Member Countries of the OIC. The company also provides development management services for real estate projects. The capital increase transaction was intended to support the company's operations and growth. The sponsors of the company are ICD and Capitas International, which represents a management team from the USA specialized in Islamic mortgage finance industry. As part of its mandate as a multilateral institution, and strategy to develop Islamic finance as well as provide capital to the private sector in member countries, ICD has sponsored the establishment of several Islamic financial institutions in its member countries, including banks, non-bank financial institutions and financial services companies.