Alrayes joined ICAP in his current role in 2018. The company had assets under management of more than $10.2 billion in 2024, a growth of 21.4% compared to 2023. The company is a fully owned subsidiary of the Saudi Investment Bank and operates in asset management, margin lending, brokerage, and investment banking. In 2024, it closed real estate deals for $1.6 billion, including one for the Alistithmar Ezdihar Park Fund valued at $293.3 million. Alrayes is also a board member of the Amlak International Finance Company.