MASIC was established by Mohammed Ibrahim Alsubeaei in 2010 to unify all the family business activities. Today, it engages in asset management, direct investments, and real estate. The company has investments in commercial banks, startups, securities, stock markets, and real estate projects in Saudi Arabia managed through subsidiaries such as Thakher Real Estate Development Company and Alargan Projects. MASIC owns 19.3% of Bank Albilad, which was worth $2.7 billion as of August 2022.