Alistithmar Capital
Alistithmar Capital (ICAP) is a Riyadh-based, Saudi Investment Bank–owned securities broker and asset manager licensed by the CMA, serving retail, institutional, and Sharia-compliant investors across Tadawul, international markets, and REITs through nine public funds and electronic trading platforms.
- Company typePrivate
- Founded2007
- HeadquartersRiyadh, Saudi Arabia
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Alistithmar Capital does
Alistithmar Capital (ICAP), legally 'The Investment Company for Securities and Brokerage,' is a Saudi closed joint stock company headquartered in Riyadh and 100% owned by Saudi Investment Bank. Established to operate within the Saudi capital markets under Capital Market Authority License No. 37-11156, the firm provides a diversified suite of financial services spanning securities brokerage on Tadawul and international markets, asset management of nine public investment funds, margin financing for qualified investors, investment banking advisory, and real estate investment through REIT structures including Alistithmar REIT and the recently launched Alistithmar AREIC Diversified REIT Fund. The client base comprises retail and high-net-worth individual investors (primary), corporate and institutional clients, and Sharia-compliant investors seeking Islamic finance products.
The company's technology platform centers on an electronic trading infrastructure delivered via the online.icap.com.sa web portal, the ICAP Trade mobile application on iOS and Android, phone-based trading with call recording for compliance, and dedicated portals for fund subscriptions (mf.icap.com.sa) and REIT unit trading (re.icap.com.sa). The platform supports Arabic and English, includes two-factor authentication, and provides a foreign investor onboarding channel (ioao.icap.com.sa). Operations are anchored at the Riyadh headquarters on King Fahd Branch Road, with multi-channel customer service including phone, email, WhatsApp, and in-person complaint handling.
Alistithmar Capital generates revenue through five primary streams: transaction-based brokerage commissions on buy/sell executions, recurring management fees from nine public investment funds, interest/markup on margin facilities tied to Saudi Investment Bank benchmark rates, professional services fees from investment banking and corporate finance mandates, and subscription/recurring fees from REIT management including a SAR 420 million in-kind subscription and SAR 605 million credit facility within the AREIC Diversified REIT. Pricing is not publicly disclosed; a 15% VAT applies to service fees effective July 2020. The company is wholly integrated into its parent bank's service ecosystem, with no independent external shareholders or disclosed funding rounds.
Alistithmar Capital firmographics
Firmographics- Name
- Alistithmar Capital
- Legal name
- The Investment Company for Securities and Brokerage (Al-Istithmar Capital) – شركة الاستثمار للأوراق المالية والوساطة (الاستثمار كابيتال)
- Website
- https://icap.com.sa
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Alistithmar Capital (ICAP) is a Riyadh-based, Saudi Investment Bank–owned securities broker and asset manager licensed by the CMA, serving retail, institutional, and Sharia-compliant investors across Tadawul, international markets, and REITs through nine public funds and electronic trading platforms.
- Ownership category
- akta.pro rank
Alistithmar Capital industry classification
Industry- Product category
- Investment Brokerage and Asset Management
- NAICS
- Portfolio Management and Investment Advice (523940), Open-End Investment Funds (52591), Other Investment Pools and Funds (5259), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Real Estate Investment Trusts (6798), Investment Advice (6282)
- akta.pro primary industry
- Islamic Investment Banking & Capital Markets Services (FSABAGAG)
- akta.pro secondary industries
- Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Islamic Private Banking & Wealth (FSABAGAD), Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)
Keywords
Where Alistithmar Capital is headquartered
LocationHeadquarters
- HQ city
- Riyadh
- HQ country
- Saudi Arabia
- HQ region
- Middle East
Offices1 record
Markets served
Alistithmar Capital business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Brokerage Services: Securities brokerage services for Saudi stock market (Tadawul) and international markets, earning commissions on buy/sell transactions executed through the platform.
- Asset Management: Manages 9 public investment funds including equity funds, Murabaha funds, diversified funds, and SME funds. Generates management fees from fund operations and performance.
- Margin Facility: Provides credit facilities for purchasing and selling stocks, charging interest/markup on borrowed amounts.
- Real Estate Investment Services: Manages REIT funds including Alistithmar REIT and Alistithmar AREIC Diversified REIT. Provides real estate investment platform for trading real estate units.
- Investment Banking Services: Corporate finance, advisory, and investment banking services for clients.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Brokerage commission rates |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels6 records
Alistithmar Capital product offering
Product offeringCore offering
Alistithmar Capital provides securities brokerage on the Saudi Tadawul and international markets, asset management across 9 public investment funds (equity, Murabaha, diversified, SME, and REIT funds), investment banking and corporate finance advisory, margin facilities for qualified investors, and Sharia-compliant real estate investment (REIT) products. Services are delivered through proprietary electronic, mobile, and phone-based trading platforms alongside physical investment centers.
Differentiator
Problem solved
Functional benefit
Products and services
- Securities Brokerage Services Buy/sell brokerage for Saudi (Tadawul) and international securities, executed via electronic, mobile, and phone channels, for retail and institutional investors.
- Public Investment Fund Management Manages 9 public investment funds including growth, Saudi companies, Saudi equities, MENA equities, flexible Saudi equities, Saudi Riyal Murabaha, quarterly distribution, Saudi Riyal diversified, and SME funds, available for subscription via the mutual funds portal.
- Investment Banking Services Corporate finance, advisory, and investment banking services provided to corporate and institutional clients.
- Margin Facility Credit facility for purchasing and selling stocks, with interest/markup charged on borrowed amounts based on Saudi Investment Bank rates; available to qualified investors.
- Real Estate Investment (REIT) Services Management of Sharia-compliant REIT funds (Alistithmar REIT and Alistithmar AREIC Diversified REIT) with a dedicated platform for trading real estate investment units.
Quantifiable outcome
- Guaranteed minimum annual NOI of SAR 17.5 million for four years from October 1, 2025 for REIT property
- +2 more outcomes
Companies that use Alistithmar Capital
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Alistithmar Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Alistithmar Capital partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- AREIC REDcoreAREIC RED signed a commercial guarantee agreement with Alistithmar Capital as manager of Alistithmar REIT Fund. AREIC RED irrevocably guarantees a minimum annual net operating income of SAR 17.5 million for the fund-owned property Somerset Downtown Al Khobar for four years from October 1, 2025. If actual NOI falls below the guaranteed minimum in any year during the guarantee period, AREIC RED will pay the shortfall to the fund.
Scale indicators7 records
Recent moves4 records
Expansion highlights5 records
Alistithmar Capital competitors and assessment
Company assessmentDirect peers
- Riyad Capital: Largest Saudi investment bank and CMA-licensed broker offering retail brokerage, asset management, and investment banking — directly overlapping with Alistithmar Capital's full-service securities and fund management franchise.
- GIB Capital: Investment banking subsidiary of Gulf International Bank operating in Saudi Arabia with brokerage, advisory, and asset management — relevant Saudi-headquartered peer with similar institutional mandate.
- Saudi Fransi Capital: Investment subsidiary of Banque Saudi Fransi offering brokerage, asset management, and corporate finance — a Saudi bank-affiliated competitor with a similar institutional structure to ICAP.
- Jadwa Investment: Saudi Arabia-based investment management and advisory firm offering asset management and investment banking — competes with ICAP's institutional asset management and advisory mandates.
- Al Rajhi Capital: Sharia-compliant investment subsidiary of Al Rajhi Bank offering brokerage, asset management, and REITs in Saudi Arabia — competes head-to-head with ICAP's Islamic finance product suite.
- SNB Capital: Investment arm of Saudi National Bank providing brokerage, asset management (mutual funds), and investment banking across Saudi markets — closest functional analogue to ICAP's combined offering.
- AlJazira Capital: Investment arm of Bank AlJazira providing brokerage, asset management, and investment banking services in Saudi Arabia — directly comparable bank-affiliated competitor.
- Derayah Financial: Leading Saudi digital-first brokerage and asset manager — competes directly with ICAP's online trading platform and fund distribution channels, particularly for retail Saudi investors.
- AlAhli Capital: Investment banking arm of National Commercial Bank (now SNB) providing brokerage, asset management, and advisory services — comparable Saudi full-service capital markets player.
Broad incumbents
- Saudi Investment Bank: Parent bank of Alistithmar Capital; broader commercial banking institution whose investment banking and brokerage arms overlap with ICAP, providing internal benchmarking for the subsidiary's positioning.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Alistithmar Capital social profiles
Digital presenceAlistithmar Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Alistithmar Capital leadership team
Management profileNumber of profiles
Alistithmar Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Alistithmar Capital M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Alistithmar Capital
What does Alistithmar Capital do?
Alistithmar Capital provides securities brokerage on the Saudi Tadawul and international markets, asset management across 9 public investment funds (equity, Murabaha, diversified, SME, and REIT funds), investment banking and corporate finance advisory, margin facilities for qualified investors, and Sharia-compliant real estate investment (REIT) products. Services are delivered through proprietary electronic, mobile, and phone-based trading platforms alongside physical investment centers.
Is Alistithmar Capital a public or private company?
Alistithmar Capital is a private company. It is classified as corporate owned and is currently operating.
When was Alistithmar Capital founded?
Alistithmar Capital was founded in 2007. It employs 51 to 100 people.
Where is Alistithmar Capital based?
Alistithmar Capital is headquartered in Riyadh, Saudi Arabia, in the Middle East region.
How does Alistithmar Capital make money?
Five revenue lines are on record. Brokerage Services are the primary driver. The others are asset Management, margin Facility, real Estate Investment Services and investment Banking Services.
Who are Alistithmar Capital's main competitors?
Direct peers on record are Riyad Capital, GIB Capital, Saudi Fransi Capital, Jadwa Investment, Al Rajhi Capital, SNB Capital, AlJazira Capital, Derayah Financial and AlAhli Capital. Saudi Investment Bank is listed as a broad incumbent.
Does Alistithmar Capital have an API?
No public API is recorded for Alistithmar Capital.
What industry is Alistithmar Capital in?
Alistithmar Capital's product category is Investment Brokerage and Asset Management. Its primary akta.pro industry code is FSABAGAG, Islamic Investment Banking & Capital Markets Services, with a secondary code of FSABAGAH, Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam). Its NAICS code is 523940 and its SIC code is 6211.