# ICD Asset Management

ICD Asset Management is a Bank / Wealth / Trust based in Jeddah, Saudi Arabia.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Jeddah, Saudi Arabia
- **Region:** Middle East
- **Address:** Al-Nazlah Al-Yamaniyah, Jeddah, Saudi Arabia
- **Founded:** 1999
- **Assets under management:** 3.2B (Altss estimate)
- **Website:** icd-ps.org
- **LinkedIn:** https://www.linkedin.com/company/icd_ps

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Diversified
- Financial Services
- Infrastructure
- Renewable Energy
- Agribusiness

## 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.

### 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.

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Last updated: 2026-07-11T02:29:42.000Z

Canonical page: https://altss.com/profile/icd-asset-management

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