Al Rajhi Capital

What Al Rajhi Capital does

Al Rajhi Capital is the investment services subsidiary of Al Rajhi Bank, one of Saudi Arabia's largest Islamic banks, headquartered in Riyadh and operating under CMA License 07068/37. Founded in 2008, the company runs a full-service Shariah-compliant investment platform spanning retail and institutional brokerage, asset management, investment banking, and securities services. It serves Saudi retail investors, institutional clients (pension funds, insurance, family offices, corporates), and real estate developers, with distribution delivered through a proprietary digital platform (Al Rajhi eTadawul) accessible via web and mobile, physical Investment Centers across the Kingdom, dedicated institutional sales teams, and referral flow from Al Rajhi Bank's branch network.

The company generates revenue across four streams: brokerage commissions on Saudi and 37+ international equity trades (starting SAR 10 per transaction), asset management fees on 37+ mutual funds plus discretionary portfolios and the Al Rajhi REIT, investment banking fees from ECM/DCM mandates (including sukuk), M&A advisory and IPO distribution, and securities lending revenue enabled by an EquiLend-powered platform that supports Shariah-compliant securities financing. The technology stack combines the proprietary Al Rajhi eTadawul trading platform, EquiLend's Spire / Post Trade / Data and Trading infrastructure, and a Shariah advisory function embedded in product governance. Notable recent mandates include a SAR 12 billion syndicated facility for KAFD DMC, a SAR 5 billion AT1 sukuk programme for Bank AlJazira, and multiple real estate fund vehicles (Ramz Al Hijaz, Osus Abraj Bawabat Alrahmaniyah) aligned with Saudi Vision 2030 urban development priorities in Makkah and Riyadh. The company launched the Al Rajhi MSCI Saudi Equity ETF in 2026, marking entry into passive index products.

Name

Al Rajhi Capital

Legal name

Al Rajhi Capital

Website

https://alrajhi-capital.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

101–250 employees

Short description

Al Rajhi Capital is the investment services subsidiary of Al Rajhi Bank, operating a Shariah-compliant platform of brokerage, asset management, investment banking, and securities services for Saudi retail and institutional investors under CMA license.

Ownership category

akta.pro rank

Product category

Investment Services

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282), Asset-Backed Securities (6189)

akta.pro primary industry

Islamic Investment Banking & Capital Markets Services (FSABAGAG)

akta.pro secondary industries

Corporate Finance & Capital Advisory (BPAHADAB), Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)

Keywords

• Investment banking services
• Asset management
• Securities brokerage
• Wealth management
• Investment research

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Brokerage Commissions: Fees charged on equity trades executed on Saudi and international markets via the Al Rajhi eTadawul platform. Commission rates start from SAR 10 per transaction.
2. Asset Management Fees: Management fees charged on mutual funds, discretionary portfolios, real estate investments, and Al Rajhi REIT. The company offers 37+ investment funds across various asset classes and geographies.
3. Investment Banking Fees: Fees from equity capital markets (ECM) mandates, debt capital markets (DCM) including sukuk issuances, IPO distribution, and advisory services for corporate transactions.
4. Securities Finance: Revenue generated from securities lending operations enabled via the EquiLend platform, supporting Shariah-compliant securities financing solutions in the Kingdom's market.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

Al Rajhi Capital is a CMA-licensed investment services firm offering securities brokerage across Saudi and international markets, asset management through mutual funds, discretionary portfolios and real estate/REIT funds, investment banking advisory and capital markets services, securities custody, and investment research. It serves institutional, corporate, and high-net-worth clients in Saudi Arabia as the investment arm of Al Rajhi Bank.

Product overview

Al Rajhi Capital operates as a diversified investment services company offering an integrated platform of brokerage, asset management, and investment banking products. The core brokerage business provides local Saudi share trading, Gulf and international markets access (covering 37+ markets), Nomu-Parallel Market services, institutional brokerage, Murabaha (Shariah-compliant financing), and IPO participation. The asset management division manages mutual funds (from SAR 10), discretionary portfolios, real estate investments, and the Al Rajhi REIT. Investment banking services encompass equity capital markets, debt capital markets, and advisory. Additional offerings include research, securities finance services (via EquiLend), and the Al Rajhi MSCI Saudi Equity ETF.

Differentiator

Problem solved

Functional benefit

Products and services

• Brokerage Services Securities brokerage providing execution access to Saudi (Tadawul), international markets, the Nomu parallel market, and dedicated institutional execution for corporate and institutional clients.
• Asset Management
• Investment Banking
• Securities Services (Custody)
• Investment Research

Quantifiable outcome

• Trade in more than 37 international markets via digital platform
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability1 record

Feature1 record

Partnerships

Five partnerships are on record, tiered major, core and notable.

• Umm Al Qura for Development (Masar)majorStrategic or Co-development Partner · 21 June 2026Al Rajhi Capital, in partnership with Umm Al Qura for Development (Masar) and OSUS Real Estate Co., signed agreements to develop three residential towers at Masar Destination in Makkah's third zone with investments of nearly SAR 1 billion. The transaction involves Osus Abraj Bawabat Alrahmaniyah Company as the SPV of a real estate fund managed by Al Rajhi Capital. The project supports Saudi Vision 2030 objectives and enhances Makkah's position as a premier investment and urban hub.
• EquiLendcoreTechnology or Integration · 11 June 2026Al Rajhi Capital selected EquiLend as its securities finance technology partner to build and scale its securities lending business. EquiLend provides a full end-to-end solution including Spire (Books and Records), Post Trade, Data and Trading platforms. The partnership enables Al Rajhi Capital to manage securities lending programmes in-house, access multi-asset class trading capabilities, and develop Shariah-compliant securities financing solutions aligned with Saudi Arabia's Vision 2030, deepening liquidity in the Kingdom's securities lending market.
• AYYAN Investment Co.notableStrategic or Co-development Partner · 18 February 2026AYYAN Investment Co. signed a non-binding MoU with Al Rajhi Capital and Sumou Holding Co. to establish a private real estate fund for a mixed-use project in Riyadh's Al Janadriyah district, valued at over SAR 600 million. The project will span 83,446 square meters and include residential and commercial spaces, with AYYAN contributing its land holdings as an in-kind investment. Al Rajhi Capital serves as fund manager, Sumou Holding as project developer.
• Sumou Holding Co.notableStrategic or Co-development Partner · 18 February 2026Sumou Holding Co. partnered with Al Rajhi Capital and AYYAN Investment Co. via a non-binding MoU to establish a private real estate fund for a mixed-use project in Riyadh's Al Janadriyah district, valued at over SAR 600 million. Sumou Holding serves as the project developer for the 83,446 square meter residential and commercial development.
• Alramz Real Estate Co.notableStrategic or Co-development Partner · 12 February 2026Alramz Real Estate Co. signed a development agreement with Ramz Al Hijaz Fund, managed by Al Rajhi Capital, to develop two residential towers in Makkah's King Abdulaziz Road District. The agreement is valued at SAR 418 million with additional development fees of SAR 62.7 million, covering two land plots spanning 6,007 square meters over a 36-month term. The Saudi-listed company expects the project to positively contribute to its financial performance from 2026 to 2029.

Scale indicators6 records

Recent moves2 records

Expansion highlights5 records

Direct peers

• SNB Capital: Saudi investment services subsidiary of Saudi National Bank, offering brokerage, asset management, investment banking, and securities services. Directly comparable to Al Rajhi Capital as one of the largest CMA-licensed Saudi full-service investment firms.
• Riyad Capital: Investment banking and brokerage arm of Riyad Bank, providing brokerage, asset management, IB, and research across Saudi markets. Competes head-to-head with Al Rajhi Capital for institutional mandates, ECM/DCM deals, and mutual fund AUM.
• AlJazira Capital: Investment subsidiary of Bank AlJazira, offering brokerage, asset management, and IB services. Jointly appointed with Al Rajhi Capital as lead manager on Bank AlJazira's SAR 5B AT1 sukuk programme — a directly comparable Saudi competitor.
• Alinma Investment: Shariah-compliant investment arm of Alinma Bank, providing brokerage, asset management, and IB services. Closely comparable given parallel Shariah-compliant positioning and bank-parent distribution model.
• Saudi Fransi Capital: Investment banking subsidiary of Banque Saudi Fransi, offering brokerage, asset management, advisory, and securities services. Competes directly with Al Rajhi Capital across retail brokerage and institutional mandates in Saudi Arabia.
• GIB Capital: Investment banking arm of Gulf International Bank, focused on ECM/DCM, advisory, and asset management in Saudi Arabia and the GCC. Comparable for capital markets, advisory, and sukuk mandates.

Broad incumbents

• NCB Capital (now part of SNB Capital): Legacy NCB Capital merged into SNB Capital; the combined entity is the largest Saudi investment services franchise by AUM. Comparable as a broad incumbent competing across the same product lines as Al Rajhi Capital.
• HSBC Saudi Arabia: Saudi subsidiary of HSBC, offering brokerage, advisory, and asset management. Comparable as a broad incumbent with international brokerage reach competing for institutional and ECM mandates in Saudi Arabia.

Regional players

• EFG Hermes: Leading MENA-focused investment bank with strong brokerage, asset management, and IB franchise. Comparable as a regional player competing for cross-border GCC mandates, sukuk issuance, and equity placements.
• Mubadala Investment Company: Abu Dhabi-based sovereign investor with significant capital markets, asset management, and direct investment activities. Comparable as a regional capital allocator that competes for large Saudi real estate and infrastructure mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/alrajhicapital
• LinkedInlinkedin.com/company/307526
• Instagraminstagram.com/alrajhicapital?igshid=iiyb52uzmpgp

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Al Rajhi Capital