THE MIDDLE EAST’S
Top 30 Asset Management
Companies 2022
![](https://forbesme-prestaging-media.s3.us-east-2.amazonaws.com/lists/uploads/2022/09/06113749/19.-Albilad-Capital.jpg)
19. Albilad Capital
Country: Saudi Arabia
Assets Under Management: $3.5 billion
CEO: Zaid Almufarih
Date of Establishment: 2008
Riyadh-based Albilad Capital, is the investment banking arm of Albilad bank, which operates shariah-compliant investment and financial services to individuals, institutions, and corporations and provides investment banking services, such as arranging debt and equity issues and advisory services. The company reported $3.7 billion in assets under management in Q1 2022. Albilad Capital runs a shariah-complaint Gold ETF. The Albilad MSCI US Equity ETF invests in large U.S. companies that are compliant with Islamic law.