Asset Manager

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Itqan Capital

Itqan Capital is a Jeddah-based Shariah-compliant asset manager focused on buyout, growth, and restructuring deals in the Saudi mid-market.

Itqan Capital logo

Itqan Capital

Itqan Capital is a Jeddah, Saudi Arabia-based investment firm founded in 2011. It provides investment offerings to various entities, including pension funds, foundations, and private companies. The firm was acquired by Zamil Development on August 9th, 2022.

General information

Firm type

Generalist

Year founded

AUM

Undisclosed

Location

Region

Middle East

Country

Saudi Arabia

City

Jeddah

Corporate office

Jeddah, Saudi Arabia

Frequently asked questions

What is Itqan Capital's investment strategy?

The firm pursues a generalist private equity strategy covering buyout, expansion-stage, growth-equity, and restructuring deals. It targets mid-market companies in Saudi Arabia and structures investments to comply with Shariah principles, which restricts leverage and excludes certain sectors. The mandate includes both control acquisitions and significant minority positions.

Who regulates Itqan Capital?

Itqan Capital is authorized and regulated by the Capital Market Authority of Saudi Arabia. This license permits the firm to manage private equity funds and discretionary investment portfolios for institutional and qualified individual investors.

Does Itqan Capital co-invest with external fund managers?

Its public disclosures and regulatory filings do not document a formal co-investment program alongside international general partners. The firm appears to operate primarily as a principal investor, deploying capital from the funds and managed accounts under its direct control.

Which sectors does Itqan Capital avoid?

As a Shariah-compliant asset manager, the firm avoids sectors such as conventional banking and insurance, alcohol production, gambling, tobacco, and pork-related industries. Beyond these exclusions, its generalist mandate does not publicly restrict other sectors.

What is the firm's relationship with Saudi family offices?

Itqan Capital's base in Jeddah positions it within the ecosystem of major Saudi commercial families headquartered in the city and the wider Makkah Province. While specific LP relationships are not disclosed, its Shariah-compliant structure and local presence are aligned with the preferences of many family offices and family-owned conglomerates in the region.

Profile maintained by 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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