Alinma Investment—the investment arm of Alinma Bank—changed its name to alinma capital in February 2025. It had assets under management of $24 billion in 2024. In May 2024, alinma capital and Mohammed Al Nahdi Real Estate launched the Alinma-Al Nahdi Real Estate Fund, worth $365.3 million, to develop land in the Eastern Province spanning an area of over 1.6 million square meters. Before joining alinma capital in 2016, Baghdadi served as a head of investment management for HSBC Saudi Arabia. Baghdadi is also a board member of the International Water Distribution Company (Tawzea).