Established in 2010 as a family investment company, MASIC focuses on public equity, private equity, and real estate investments. In April 2025, its MAWREF Logistics Solutions (formerly MASIC Logistics) partnered with SIDF Investment Company (SIC) and Aramco’s Wisayah Global Investment Company to accelerate the development of integrated logistics and industrial infrastructure projects across Saudi Arabia. In 2026, MAWREF signed a non- binding Heads of Terms agreement with PIF’s sarcc to develop a 12,000-bed worker accommodation project in North Riyadh valued at $178.4 million.