Riyad Capital recorded assets under management of $24.8 billion in 2023, with an annual growth of 17%. It signed deals between 2023 and March 2024 worth approximately $1.3 billion. Riyad Capital is a subsidiary of Riyad Bank, regulated by the Saudi Capital Market Authority. Before Alshwer joined Riyad Capital in 2023, he was the CEO and CIO of Ashmore Investment Saudi Arabia for nearly six years. He also was the CEO and secretary general of the Higher Education Fund, the investment arm for 26 public Saudi universities, and worked at Saudi Arabia’s Ministry of Education as a senior advisor.