Alrayes joined ICAP in April 2018 and has 22 years of experience in the investment and finance industry. ICAP had $8.5 billion in assets under management as of 2024. In March 2023, it signed an agreement with Safa Investment Company to launch real estate investment funds with a target size of $293.3 million. Before joining ICAP, Alrayes was the CIO of the Aseer Investment Company. He was also a director at the investment banking vertical of Al Rajhi Capital and worked in the investment banking division of Alistithmar Capital.