{"id":95485,"date":"2025-03-20T00:00:00","date_gmt":"2025-03-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/20\/saudi-arabia-made-up-nearly-half-of-forbes-middle-easts-40-most-influential-asset-managers\/"},"modified":"2025-03-20T00:00:00","modified_gmt":"2025-03-20T00:00:00","slug":"saudi-arabia-made-up-nearly-half-of-forbes-middle-easts-40-most-influential-asset-managers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/20\/saudi-arabia-made-up-nearly-half-of-forbes-middle-easts-40-most-influential-asset-managers\/","title":{"rendered":"Saudi Arabia made up nearly half of Forbes Middle East\u2019s 40 most influential asset managers"},"content":{"rendered":"

The Kingdom dominated the asset management scene in 2024<\/strong>, accounting for nearly half of Forbes Middle East Top 40 asset managers<\/a>. We crowded the ranking with 19 firms<\/strong> driven by the \u201cstrength of its stock exchange,\u201d while the UAE and Kuwait followed with six entries each. Collectively, Middle Eastern firms managed over USD 439 bn in assets in 2024, including equities, debt funds, discretionary portfolios, and real estate.<\/p>\n

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THE TOP TEN-<\/p>\n

#1- SNB Capital CEO <\/strong>Rashad Sharif<\/a><\/strong> retained the top spot, managing asses worth USD 63.7 bn in 2024. The firm also oversaw Aramco\u2019s USD 12.4 bn secondary offering<\/a>, one of the largest in the Europe, the Middle East and Africa region since 2000.<\/p>\n

#3- Al Rajhi Capital CEO <\/strong>Waleed Al Rashed AlHumaid<\/a><\/strong> led the firm to increase Aum by 61% y-o-y to USD 32.9 bn in 2024. The firm also acted as a joint bookrunner for Aramco\u2019s offering.<\/p>\n

#4- Jadwa Investments CEO & MD <\/strong>Tariq Al Sudairy<\/a><\/strong> fell short from the podium after leading an Aum growth of 36.5% y-o-y to USD 22.8 bn in 2024. The firm announced the closing of its first regional blind-pool private equity fund GCC Private Equity Fund 1<\/a> last November.<\/p>\n

#5- Riyad Capital CEO <\/strong>Abdullah Abdulrahman Alshwer<\/a><\/strong> led the firm to USD 24.9 bn in Aum, securing the fifth spot after launching the Riyad SAR Liquidity Fund, the Riyad Monthly Distributions Multi-Asset Fund, and the 1957 Ventures fund to target the fintech industry.<\/p>\n

#6- Alinma Capital CEO and MD <\/strong>Mazin Baghdadi<\/a><\/strong> secured the sixth spot, after Alinma Capital \u2014 previously Alinma Investment<\/a> \u2014 oversaw Aum worth USD 24 bn in 2024. It also launched the USD 365.3 mn Alinma-Al Nahdi Real Estate fund to develop land in the Eastern Province.<\/p>\n

Other managers who made the list:<\/strong> <\/p>\n