6. Waleed AlRashed AlHumaid

Designation: CEO
Company Name: Al Rajhi Capital
Headquarters: Saudi Arabia
Nationality: Saudi

AAlHumaid has more than 20 years of experience. Before assuming his current role in 2020, he was the general manager of asset management at HSBC Saudi Arabia. Al Rajhi Capital is a fully-owned subsidiary of Al Rajhi bank and offers Shariah-compliant financial products and services, including asset management, brokerage, and investment banking services. It had $20.2 billion in assets under management as of December 2023, a 46% growth compared to 2022. The company has more than 24 public investment funds, among which is “Monthly Distribution Fund”, which was the first of its kind in KSA as open-ended fund, followed by “monthly distribution 2” & “Real estate monthly distribution”. Additionally, Al Rajhi Capital also lowered the minimum subscription to 10 SAR for their public funds, allowing access to a wider range of clients. In 2023, Al Rajhi Capital became first market maker in the Saudi market, and has also acted as the sole local bank and joint arranger for the $3.5 billion PIF Sukuk issuance. AlHumaid started his career as a financial analyst at Aramco. He previously worked at Jadwa Investment and SNB Capital, and he is a board member of the Gulf Investment Corporation.