ICD-PS
VC Fund
Jeddah, Saudi Arabia
ICD-PS is a VC fund in Jeddah focused on Financial Services and Banking. The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral organization affiliated with the Islamic Development Bank (IDB) Group. It is authorized capital stands at $2.0 billion, of which $1.0 billion is available for subscription. The current subscribed and paid-in capital is $875 million and $568 millionrespectively.The mandate of ICD is to support the economic development of its member countries through provision of finance to private sector projects in accordance with the principles of the Shari’a law. ICD finances projects that are specifically geared to creating employment opportunities and boosting exports. Furthermore, ICD mobilizes additional resources for projects and encourages the development of Islamic financing and capital markets.
- Total investments:
- 13
- Last investment:
- Lead investor:
- 92%
Last updated:
For AI agents: llms.txt
Industries ICD-PS invests in
Stages ICD-PS invests in
Countries ICD-PS invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Debt Financing
- $10M–$100M
Investment Focus
Industry
- Financial Services 9 (69%)
- Banking 7 (54%)
- Finance 4 (31%)
- Credit 3 (23%)
- Lending 1 (8%)
Stage
- Debt Financing 11 (85%)
- Post-IPO Debt 1 (8%)
- Venture - Series Unknown 1 (8%)
Country
- Turkey 3 (23%)
- Uganda 2 (15%)
- Uzbekistan 2 (15%)
- Togo 1 (8%)
- Egypt 1 (8%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Farid Masmoudi
DIRECTOR OF BUSINESS DEVELOPMENT & PARTNERSHIP and ACTING DIRECTOR OF DIRECT INVESTMENT & FINANCING
|
DIRECTOR OF BUSINESS DEVELOPMENT & PARTNERSHIP and ACTING DIRECTOR OF DIRECT INVESTMENT & FINANCING | Total investments: 0 | Find email | |
Khaled Al-Aboodi
CEO and General Manager
|
CEO and General Manager | Total investments: 1 | Find email | |
Majid Kermani
DIRECTOR OF POLICY AND STRATEGY
|
DIRECTOR OF POLICY AND STRATEGY | Total investments: 0 | Find email | |
Mohammed Alammari
DIRECTOR OF INTERNAL AUDIT
|
DIRECTOR OF INTERNAL AUDIT | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Al Salam Bank-Bahrain is an Islamic bank headquartered in the Kingdom of Bahrain. | $50M / Post-IPO Debt / Aug 19, 2026 | ||
| Aksaka bank is a financial organization that provides curated banking solutions to meet the personal, business, and corporate needs in the vicinity. The organization also offers personal loans and commercial credit facilities for individuals and local businesses. | $60M / Debt Financing / Jun 30, 2026 | ||
|
Applied Plastic Industries Company
|
Applied for Plastics Industries, a major manufacturer in Jordan and a major participant in the non-woven industry in the Middle East. The company manufactures non-woven reusable bags, calcium carbonate, masterbatch, disposable medical apparel, and non-woven fabrics. | $20M / Debt Financing / Jan 01, 2026 | |
| ANORBANK is a digital banking institution based in Uzbekistan, offering a wide range of financial services tailored to both individual and corporate clients. Established in 2020, ANORBANK employs around 90 professionals dedicated to providing innovative banking solutions. The bank's services include but are not limited to, digital bankingthrough its mobile app, financial consulting, and various loan options. ANORBANK also emphasizes the importance of customer feedback in enhancing its services, as evidenced by its active engagement in customer surveys and its commitment to using client input to drive improvements. With a focus on digital innovation, ANORBANK aims to make banking more accessible and convenient for its users in Uzbekistan. | $10M / Debt Financing / Dec 22, 2025 | ||
| Aklease provides financing leasing options for investments across a range of industries, including production, construction, transportation, energy, and health. | $69M / Debt Financing / Nov 05, 2025 | ||
| Uganda Development Bank Limited (UDBL) is a public enterprise wholly owned by the Government of Uganda and carrying on business as a Development Finance Institution (DFI). | $30M / Debt Financing / Oct 02, 2025 | ||
| TuranBank Open Joint-Stock Company provides various banking products and services to corporate and retail customers. | $15M / Debt Financing / Sep 17, 2025 | ||
| Turk Eximbank supports exporters, overseas investors, and companies involved in international trade and services. | $145M / Debt Financing / Aug 07, 2025 | ||
| CCA is the largest microfinance institution in Cameroon. The company collects deposits and provides loans to its 420,000 clients representing micro-small-medium enterprises and entrepreneurs (MSMEs) and salaried people. It has a retail network of 42 branches covering the whole country which makes it the larger financial institution in Cameroon interms of the number of branches and geographic coverage. Further to the AfricInvest investment, the company is being transformed into a universal bank. | $17.1M / Debt Financing / Apr 24, 2025 | ||
| EACOP is a pipeline that will deliver oil from Uganda's Lake Albert oilfields to the Tanzanian port of Tanga, where it will be sold to global markets. | Debt Financing / Mar 26, 2025 | ||
| See all 13 investments → | |||
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FAQ
What does ICD-PS invest in?
ICD-PS invests primarily in Financial Services, Banking and Finance startups, most often at Debt Financing and Post-IPO Debt stage. Most of the 13 investments tracked by Shizune back companies in Turkey. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is ICD-PS's check size?
ICD-PS typically joins rounds of $10M–$100M at Debt Financing. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds ICD-PS participates in.
How do I contact ICD-PS?
Public channels for ICD-PS include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at ICD-PS?
The team at ICD-PS includes Farid Masmoudi (DIRECTOR OF BUSINESS DEVELOPMENT & PARTNERSHIP and ACTING DIRECTOR OF DIRECT INVESTMENT & FINANCING), Khaled Al-Aboodi (CEO and General Manager) and Majid Kermani (DIRECTOR OF POLICY AND STRATEGY). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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