Rank: 3
Alinma Investment
Country: Saudi Arabia
CEO and Managing Director: Mazin Baghdadi
Date of Establishment: 2009
AUM: $18 billion
Alinma Investment is the investment arm of Alinma Bank. Its assets under management reached $18 billion in 2020, an increase of over 9% compared to 2019. The company also recorded profits of around $85.8 million and revenues of $128.4 million in 2020, both increasing by around 34% and 29% respectively, compared to 2019. In March 2021, Alinma Investment signed an agreement with the Retail Real Estate Company to develop an open commercial complex on an area of around 41,000 square meters in the city of Riyadh.