MASIC

Founded as a trading house in Makkah, MASIC has since expanded into a conglomerate that engages in asset management, direct investments, and real estate. The company invests in commercial banks, startups, securities, stock markets, and real estate projects in Saudi Arabia through its subsidiaries such as Thakher Real Estate Development Company and Alargan Projects. MASIC owns 19.3% of Bank Albilad, which is listed on the Saudi Stock Exchange (Tadawul). The firm’s investment portfolio also includes Fajr Capital, Lubaref, and the National Aquaculture Group—the largest integrated desert aquaculture operation in the world.