Alshwer assumed his current position in 2023. Riyad Capital recorded assets under management of $24.98 billion and unveiled its Riyad SAR Liquidity Fund and the Riyad Monthly Distributions Multi-Asset Fund in 2024. In May 2024, the firm launched the ‘1957 Ventures’ investment fund, which targets Saudi Arabia’s fintech sector. Alshwer was previously CEO and CIO of Ashmore Investment Saudi Arabia, and he was the senior advisor to the Saudi Minister of Education.