Top 20 Investment Firms in the Middle East and North Africa

Top 20 Investment Firms in the Middle East and North Africa








Dubai Investment Fund (DIF)

With over $320 billion in assets under management (AUM), Dubai Investment Fund, also known as DIF, is one of the largest investment companies in the Middle East and globally. Founded in 2001, DIF has been around for over two decades and is currently overseen by CEO Amir Shams. As its name suggests, DIF is headquartered in Dubai.

BCN Capital

CEO Rashid Sharif currently heads NCB Capital, a major investment bank in Saudi Arabia, owned by SNB Capital Company. Recently, NCB Capital and Samba Capital merged to create one of the largest investment banks in the Middle East/North Africa region and the largest in Saudi Arabia. After the merger, NCB Capital manages over $55 billion.

Investcorp

Based in Bahrain and founded in 1982, Investcorp is one of the oldest companies on this list. Co-CEOs Rishi Kapoor and Hazem Ben-Gacem manage over $35 billion in funds for their clients. The firm specializes in alternative investments for private and institutional clients and has offices around the world.

Riyadh Capital

Riyad Capital, a subsidiary of Riyadh Bank was established in 2008 and is headquartered in Saudi Arabia. Currently, Sabty Sulaiman Al Sabty leads the company as CEO and oversees the management of over $18 billion. In recent years, their assets under management have exploded due to an agreement with BNP Paribas Securities Services, a large French commercial bank.

Alinma Investment

Founded in 2009 and led by CEO Mazin Baghdadi, Alinma Investment is the investment arm of Alinnma Bank. With over $18 billion in assets under management, Alinma joins the ranks of Riyadh Capital as one of the largest investment firms in Saudi Arabia. Recently, they struck a deal to fund a 41,000 square meter shopping complex in their hometown of Riyadh.

Wafa Management

Founded in 1995, with around a quarter of the country’s market share, Wafa Gestion is Morocco’s leading investment company. CEO Reda Hilali runs the company and its assets under management are nearly $15 billion. About two-thirds of the company is owned by Attijariwafa Bank, Morocco’s largest bank, and the remaining third is owned by Amundi, Europe’s largest investment company.

SHUAA Capital

The Arabian General Investment Corporation was founded in 1979, but later changed its name to SHUAA Capital in 2001. Although SHUAA Capital is its own entity, Abu Dhabi Financial Group acquired approximately half of the business in 2016. Today oday, CEO Jassim Alseddiqi manages approximately $14 billion. , including $1.7 billion in company-specific assets.

Capital of Al Rajhi

CEO Waleed AlRashed AlHumaid oversees $13.3 billion in assets under management for Al Rajhi Capital, the investment banking arm of the world’s largest Islamic bank, Al Rajhi Bank. Although the company is fairly new, with its founding in 2008, it is perhaps best known for its role as co-guarantor and bookrunner for Saudi Aramco’s IPO. Today, Saudi Aramco is one of the largest publicly traded companies in the world.

Kamco Investment

Kamco Investment is one of the largest investment companies in Kuwait. The company is currently an independently managed subsidiary of KIPCO Group and is currently led by CEO Faisal Mansour Sarkhou. Kamco was founded in 1998 and currently has $13 billion in assets under management.

Jadwa Investment

Jadwa Investment is a large Saudi Arabian investment company. It is currently managed by CEO Tariq Al Sudairy, who oversees nearly $9 billion in assets under management. Like many investment firms, Jadwa has seen a substantial increase in its assets under management over the past few years as markets have appreciated.

NBK Capital

Founded in 2005, NBK Capital is one of the largest investment companies in Kuwait. To date, Nabil Maroof is the company’s CEO, overseeing its nearly $7 billion in assets under management. NBK Capital often serves as an underwriter for the listing of companies on the Kuwait Stock Exchange, the main stock exchange in Kuwait.

Alistithmar Capital (ICAP)

Khaled Alrayes is the current CEO of Alistithmar Capital, an investment company wholly owned by Saudi Investment Bank. The firm has over $5 billion in assets under management and was founded in 2007. ICAP is very active in the public markets, as indicated by the fact that the firm’s transactions accounted for approximately 3% of total volume in dollars in the Saudi stock market in 2020.

SEDCO Capital

SEDCO Capital is an international investment firm with offices in Saudi Arabia, United Arab Emirates, England and Luxembourg. The company was established in 1976 and CEO Samer Abu Aker currently oversees operations and the company’s $5 billion in assets under management.

Emirates NBD Asset Management

Emirates NBD Asset Management is the asset management arm of Emirates NBD Bank. The firm is headed by Steve Corrin and oversees just under $5 billion in assets under management, comprised of both Shariah-compliant and conventional assets. The company has offices in Jersey, the Cayman Islands and Luxembourg. Emirates NBD Asset Management recently caused a stir by establishing the UAE’s first ‘green’ real estate investment fund.

Fransi Saudi capital

Saudi Fransi Capital is one of the new players on this list. Founded in 2011 and led by CEO Salam Al-Khunaizi, Saudi Fransi Capital is the investment arm of Banque Saudi Fransi. Today, the firm oversees just over $4 billion in assets under management.

EFG Hermès Holding

Founded in 1984 and led by CEO Karim Awad, EFG Hermes Holding is one of the largest investment companies in Egypt. The company has just over $3 billion in assets under management and often serves as a sales advisor during major mergers and acquisitions. Recently, the firm advised the IPO of Alkhorayef Water & Power Technologies as well as the sale of the Tanzanian subsidiary of the Pakistani United Bank Limited.

Alkhair Capital Saudi Arabia

Alkhair Capital Suadi Arabia was founded in 2009 and currently manages $3 billion in assets under management under the leadership of CEO Khalid Al Mulhim. The company specializes in publicly traded equities, with an emphasis on securities traded on Middle Eastern stock exchanges, such as the ADX, Tadawul and DFM. Recently, the company was the lead underwriter for the IPO of Ibn Roshd Educational Holding Company.

Aljazira Capital

Established in 2008, Aljazira Capital is an investment company led by CEO Naif bin Mesned Almesned. The firm is Shariah compliant and manages nearly $3 billion in assets for its clients. Aljazira Capital is owned by Bank Aljazira, a Jeddah-based Saudi bank.

Capital of Albilad

Based in Riyadh, Saudi Arabia, Albilad Capital has been providing financial services since 2008. The company’s CEO, Zaid Almufarih, oversees the management of over $2 billion in client assets. Albilad Capital is fully Sharia compliant and offers its services to individuals, companies and institutional investors.

SICO BSC

SICO BSC is a full-service investment firm, offering asset management, brokerage and market-making services, as well as investment banking. With several billion dollars in assets under management, it is one of the largest investment companies in Bahrain. SICO BSC was founded in 1995 and is currently headed by Najla Al Shirawi.