Established in 2008, GIB Capital is a wholly-owned subsidiary of the Gulf International Bank. The company recorded $2.64 billion in assets under management in 2021. In 2022, GIB Capital was selected as a financial advisor, lead manager, bookrunner, and lead underwriter on the potential IPO for the Abdullah Al Othaim Investment Company. It also paved the way for other IPOs, including Arabian Contracting Services and Al-Dawaa Medical Services Company in 2022.