Almufarih assumed his current role in 2018. Established in 2008, Albilad Capital is the investment arm of Bank Albilad. The company had $10.35 billion in assets under management in 2025. In 2025, it signed a strategic agreement with State Street Corporation to enhance post-trade services and support market infrastructure development. During the same year, it launched and listed on the Saudi Exchange a new ETF tracking Saudi equities. Almufarih previously held roles at the Capital Market Authority (CMA).