Top 100 Arab Family Businesses in the Middle East

Rank: 37


Country: Saudi Arabia

Sector: Diversified
Establishment: 2010

Chairperson: Ibrahim Alsubeaei

Founded as a trading house in Makkah, MASIC has since expanded into a conglomerate that engages in asset management, direct investments, and real estate. The company invests in commercial banks, startups, securities, stock markets, and real estate projects in Saudi Arabia through its subsidiaries such as Thakher Real Estate Development Company and Alargan Projects. MASIC owns 19.3% of Bank Albilad, which is listed on the Saudi Stock Exchange (Tadawul). The firm’s investment portfolio also includes Fajr Capital, Lubaref, and the National Aquaculture Group—the largest integrated desert aquaculture operation in the world.