Al Rajhi Capital
The Middle East’s 30 Biggest Asset Managers 2021

Rank: 7

Al Rajhi Capital

Country: Saudi Arabia

CEO: Waleed AlRashed AlHumaid

Date of Establishment: 2008

AUM: $13.3 billion

Al Rajhi Capital is the investment banking arm of Al Rajhi Bank. By the end of 2020, Al Rajhi Capital had $13.3 billion in assets under management, an increase of 19% compared to 2019. Its profits rose by 112% in 2020 to $154 million, and its revenues rose by 81% to $226.7 million. Al Rajhi Capital was a joint local bookrunner and underwriter for Saudi Aramco’s record IPO of three billion shares worth $25.6 billion in late 2019.