Diversified investment company MASIC was established to exclusively manage the assets of the family of the late Mohammed Alsubeaei. It manages a broad range of assets, with a primary focus on public equity, private equity, and real estate. MASIC’s public equity portfolio owns approximately 20% of Bank Albilad. In November 2022, MASIC started construction on Endowment Hotels in Mecca, covering a total built-up area of approximately 92,000 square meters. The project comprises two hotels consisting of 885 units, 570 rooms, and 315 serviced apartments.