Al Rajhi Capital
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.
- Company typePrivate
- Founded2008
- HeadquartersRiyadh, Saudi Arabia
- Headcount101–250
- GTM typeB2B
- OfferingServices
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.
Al Rajhi Capital firmographics
Firmographics- 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
Al Rajhi Capital industry classification
Industry- 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
Where Al Rajhi Capital is headquartered
LocationHeadquarters
- HQ city
- Riyadh
- HQ country
- Saudi Arabia
- HQ region
- Middle East
Offices1 record
Markets served
Al Rajhi Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- 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.
- 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.
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Trading commissions starting from SAR 10 per transaction |
| Unit Pricing | Pay-as-you-go | Investment fund subscriptions starting from SAR 10 |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels6 records
Al Rajhi Capital product offering
Product offeringCore 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
Companies that use Al Rajhi Capital
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles2 records
Al Rajhi Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability1 record
Feature1 record
Al Rajhi Capital partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered major, core and notable.
- Umm Al Qura for Development (Masar)majorAl 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.
- EquiLendcoreAl 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.notableAYYAN 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.notableSumou 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.notableAlramz 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
Al Rajhi Capital competitors and assessment
Company assessmentDirect 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
Al Rajhi Capital social profiles
Digital presenceAl Rajhi Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Al Rajhi Capital leadership team
Management profileNumber of profiles
Profiles2 records
Al Rajhi Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Al Rajhi Capital M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Al Rajhi Capital
What does Al Rajhi Capital do?
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.
Is Al Rajhi Capital a public or private company?
Al Rajhi Capital is a private company. It is classified as corporate owned and is currently operating.
When was Al Rajhi Capital founded?
Al Rajhi Capital was founded in 2008. It employs 101 to 250 people.
Where is Al Rajhi Capital based?
Al Rajhi Capital is headquartered in Riyadh, Saudi Arabia, in the Middle East region.
How does Al Rajhi Capital make money?
Four revenue lines are on record. Brokerage Commissions are the primary driver. The others are asset Management Fees, investment Banking Fees and securities Finance.
Who are Al Rajhi Capital's main competitors?
Direct peers on record are SNB Capital, Riyad Capital, AlJazira Capital, Alinma Investment, Saudi Fransi Capital and GIB Capital. Broad incumbents are NCB Capital (now part of SNB Capital) and HSBC Saudi Arabia. Regional players are EFG Hermes and Mubadala Investment Company.
Does Al Rajhi Capital have an API?
No public API is recorded for Al Rajhi Capital.
What industry is Al Rajhi Capital in?
Al Rajhi Capital's product category is Investment Services. Its primary akta.pro industry code is FSABAGAG, Islamic Investment Banking & Capital Markets Services, with a secondary code of BPAHADAB, Corporate Finance & Capital Advisory. Its NAICS code is 523 and its SIC code is 6211.