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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,...
Overview
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
2007
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.
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.
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