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The Top 20 Investment Firms in the Middle East and Northern Africa

Updated on: 10 August,2022 05:27 PM IST  |  Mumbai
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The Top 20 Investment Firms in the Middle East and Northern Africa

The Top 20 Investment Firms in the Middle East and Northern Africa


Dubai Investment Fund (DIF)


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

 


NCB Capital

CEO Rashid Sharif currently leads NCB Capital, a large investment banking firm 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/Northern Africa region and the largest in Saudi Arabia.  Post-merger, NCB Capital manages over $55 billion. 

 

Investcorp

Located 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 worth of funds for their clients.  The firm specializes in alternative investments for both private and institutional clients and has offices all over the world.

 

Riyad Capital

Riyad Capital, a subsidiary of Riyad 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 AUM has skyrocketed due to an agreement with BNP Paribas Securities Services, a large french commercial bank.

 

Alinma Investment

Founded in 2009 and managed by CEO Mazin Baghdadi, Alinma Investment is the investment arm of Alinnma Bank.  With over $18 billion in AUM Alinma joins the ranks of Riyad Capital as one of the largest investment firms in Saudi Arabia.  Recently, they entered an agreement to finance a 41,000 square meter commercial complex in their home city of Riyadh.

 

Wafa Gestion

Founded in 1995, with roughly a quarter of the entire country’s market share, Wafa Gestion is the largest investment firm in Morocco.  CEO Reda Hilali leads the company and it’s nearly $15 billion in AUM.  Roughly two-thirds of the company is owned by Attijariwafa Bank, the largest bank in Morocco, and the remaining third is owned by Amundi, the largest investment firm in Europe.

 

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 roughly half of the firm in 2016.  Today, CEO Jassim Alseddiqi manages roughly $14 billion, including $1.7 billion of the firm's own assets. 

 

Al Rajhi Capital

CEO Waleed AlRashed AlHumaid oversees $13.3 billion in AUM for Al Rajhi Capital, the investment banking arm of the world’s largest Islamic bank, Al Rajhi Bank.  Although the firm is rather new, with its founding in 2008, it’s perhaps best known for its role as a joint underwriter and bookrunner for Saudi Aramco’s initial public offering.  Today Saudi Aramco is one of the largest publicly traded companies in the world.

 

Kamco Investment

Kamco Investment is one of the largest investment firms in Kuwait.  The firm is currently an independently managed subsidiary of the KIPCO Group and is currently run by CEO Faisal Mansour Sarkhou.  Kamco was founded in 1998, and currently holds $13 billion in AUM. 

Jadwa Investment

Jadwa Investment is a large Saudi Arabian investment firm.  It is currently managed by CEO Tariq Al Sudairy, who oversees nearly $9 billion in AUM.  Like many investment firms, Jadwa has seen a substantive increase in AUM over the past few years, as markets appreciated. 

 

NBK Capital

Founded in 2005, NBK Capital is one of the largest investment firms in Kuwait.  As of today, Nabil Maroof is the firm’s CEO, overseeing it’s nearly $7 billion in AUM.  NBK Capital often serves as an underwriter for listing companies on Boursa Kuwait, the main stock exchange in Kuwait.

 

Alistithmar Capital (ICAP)

Khaled Alrayes is the current CEO leading Alistithmar Capital, an investment firm entirely owned by the Saudi Investment Bank.  The firm has over $5 billion in assets under management and was founded in 2007.  ICAP is very active in public markets, as indicated by the fact that the firm’s trades equated to roughly 3% of total dollar volume on the Saudi stock market in 2020.

 

SEDCO Capital

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

 

Emirates NBD Asset Management

Emirates NBD Asset Management is the asset management arm of Emirates NBD Bank.  The firm is led by Steve Corrin and oversees just under $5 billion in AUM, comprised of both Sharia-compliant and conventional assets.  The firm has offices in Jersey, the Cayman Islands, and Luxemburg.  Emirates NBD Asset Management has made waves recently for creating the U.A.E.’s first “green” real estate investment trust.

 

Saudi Fransi Capital

Saudi Fransi Capital is one of the newest 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 Hermes Holding

Founded in 1984, and run by CEO Karim Awad, EFG Hermes Holding is one of the largest investment firms in Egypt.  The firm has just over $3 billion in assets under management and often serves as a sell-side advisor with large mergers and acquisitions.  Recently, the firm has advised on the Alkhorayef Water & Power Technologies IPO as well as the sale of Pakistan’s United Bank Limited’s Tanzanian subsidiary.

 

Alkhair Capital Saudi Arabia

Alkhair Capital Suadi Arabia was founded in 2009, and currently manages $3 billion in AUM under CEO Khalid Al Mulhim.  The firm specializes in publicly traded equities, with a focus on securities traded on Middle Eastern exchanges, such as the ADX, Tadawul, and DFM.  Recently, the firm was the head underwriter for the IPO of Ibn Roshd Educational Holding Company.

 

Aljazira Capital

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

 

Albilad Capital

Headquartered in Riyadh, Saudi Arabia, Albilad Capital has been offering financial services since 2008.  The firm's CEO, Zaid Almufarih oversees the management of over $2 billion in client assets.  Albilad Capital is entirely Shariah compliant and offers its services to individuals, businesses, 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 of AUM, it’s one of the largest investment firms in Bahrain.  SICO BSC was founded in 1995 and is currently led by Najla Al Shirawi.

 

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