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ICD Asset Management
ICD was founded in 1999 as a multilateral entity under the Islamic Development Bank Group. It focuses on private-sector development through equity and...
ICD Asset Management
ICD was founded in 1999 as a multilateral entity under the Islamic Development Bank Group. It focuses on private-sector development through equity and financing instruments that comply with Islamic principles. The firm targets expansion, growth, early-stage, and co-investment opportunities. Asset classes span financial services, infrastructure, energy, agribusiness, and healthcare. Geographic reach covers member states in the Middle East, Africa, and Asia. No specific portfolio holdings or co-investors appear in available records. Team size and additional offices remain undisclosed. No operational events from the past 24 months are recorded. ICD functions as a development institution rather than a conventional asset manager, with its mandate tied directly to the IsDB Group's broader objectives across member countries.
General information
Firm type
Bank / Wealth / Trust
Year founded
1999
Location
Region
Middle East
Country
Saudi Arabia
City
Jeddah
Corporate office
Al-Nazlah Al-Yamaniyah, Jeddah, Saudi Arabia
Sector focus
Frequently asked questions
Who runs investment decisions at ICD Asset Management?
Investment decisions sit within the governance framework of the Islamic Development Bank Group. No individual principals are named in public records.
How does ICD Asset Management source proprietary deal flow?
Deal flow originates through its multilateral network spanning 53 member countries and relationships with Islamic financial institutions.
Is ICD Asset Management structured as a single family office or does it operate more like a venture firm?
ICD operates as a multilateral development institution focused on Sharia-compliant private-sector financing, not as a family office or venture firm.
Does ICD Asset Management participate in fund commitments or only direct deals?
The firm engages in direct investments and co-investments alongside Islamic banks and non-bank financial institutions.
What investment stages does ICD Asset Management typically target?
ICD targets early stage, growth, expansion, and recapitalization opportunities according to its strategy records.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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