Alkhair Capital cements its position as one of the top 10 financial institutions in Saudi Arabia with assets undermanagement worth over SAR 13 billion
Based on the Capital Market Institutions Report
Assets under management reach SAR13.42 billion in Q1 2022, an increase of 34.6% compared to the same period last year
Riyadh, Saudi Arabia; 7 August 2022: Alkhair Capital has strongly established itself in the top 10 out of 72 financial institutions in the Kingdom of Saudi Arabia in terms of assets under management (AUM) based on the Capital Market Institutions Report issued by the Capital Markets Authority. Alkhair Capital’s AUM reached SAR 13.42 billion in the first quarter of 2022; an increase of 34.6 percent year-on-year according to the Eighteenth Issue – First Quarter of 2022 of the Capital Market Institutions Report.
Founded in 2009, Alkhair Capital is a leading financial services and investment company with extensive experience in asset management, investment banking, and alternative investments. Since its inception, the firm has grown steadily and delivered exceptional value in addition to tailoring Sharia-compliant solutions for its clients and shareholders.
While focusing on growing its current product portfolio, Alkhair Capital plans to diversify and expand into money markets and alternative investments in real estate and private capital to offer clients more diverse financial investment options in accordance with Shari’ah law.
Abdullah Al Shilash, Managing Director and CEO of Alkhair Capital Saudi, and Vice Chairman of Alkhair Capital Dubai, said: “Alkhair Capital is a pioneer in providing Islamic products, and the recent ranking by the Capital Market Institutions confirms our strong track record and operational excellence. We have also been ranked in Saudi Arabia’s 10 Biggest Asset Managers list by Forbes Middle East.
This recognition reiterates how we’ve gone from strength to strength, and we will build on our success by providing valuable financial and investment services that support the economic growth and prosperity of the Kingdom. We will also continue to position ourselves as a leading financial and investment entity for the entire region with a diversified portfolio of superior products and services.”
Most recently, AlKhair Capital was the financial advisor and underwriter to two Saudi Arabian companies for rights issue offerings. The first was for Saudi Industrial Expert Company (Sadirat) to increase its capital by SAR 172.8 million. The second was for Amana Cooperative Insurance Co. for a capital increase through a rights issue offering worth SAR 300 million.
The institution provides several products and services in asset management, investment banking and custody and brokerage. Through these products, Alkhair Capital aims to be the leading Shari’ah Compliant investment services provider in the Arabian Gulf, coupled with the exceptional service and operational integrity.
