THE MIDDLE EAST’S
Top 30 Asset Management
Companies 2022
![](https://forbesme-prestaging-media.s3.us-east-2.amazonaws.com/lists/uploads/2022/09/06113646/10.Wafra-International.jpg)
10. Wafra International Investment Company
Country: Kuwait
Assets Under Management: $10 billion
CEO: Ghazi Faisal Alhajeri
Date of Establishment: 1994
Wafra International Investment Company was established in Kuwait in 1994, primarily to invest the money of the Public Institution for Social Security. The company recorded $10 billion in assets under management in 2021. Its wealth management division offers financial planning services, consultations, and investment products. Wafra International Investment has five funds under its management: the Wafra Bond Fund, the Wafra Fund, the Masaref Fund, the Al Fajer Fund, and the Wafra GCC Islamic Fund. In March 2022, Boubyan Bank mandated Wafra as a joint global coordinator for its $500 million senior unsecured Wakala/Murabaha sukuk issuance.