MASIC was established in 2011 to manage the assets of the late Mohammed I. Alsubeaei and his family. Today, it manages a multibillion-dollar portfolio of assets in Saudi Arabia and beyond, with a primary focus on equity, and real estate. MASIC owns approximately 19.35% of Bank Albilad. Its direct private equity investments include the National Aquaculture Group, Farabi Petrochemicals, Jadwa Investment, Alargan Projects, Fajr Capital, and Thakher Development. It began developing a hospitality project in Mecca in 2022, with a built-up area of around 92,000 square meters, comprising two hotels of 885 units, 570 rooms, and 315 suites.