Hassana Investment Company (HIC)

What Hassana Investment Company (HIC) does

Hassana Investment Company (HIC) is the dedicated institutional investment manager of the General Organization for Social Insurance (GOSI), Saudi Arabia's civil and military pension and social insurance fund. Founded in 2014 and headquartered in Riyadh, HIC operates as a closed joint stock company under Saudi law and does not raise external capital. The firm manages SAR 1.2 trillion+ (USD 300+ billion) in assets on behalf of GOSI's 10 million+ contributors, deploying capital across publicly traded equities, fixed income, real assets (including infrastructure and real estate), and alternative investments (including private equity, private credit, hedge funds, and aviation financing). Regional investments are managed directly, while international investments are executed through partnerships and co-investments with leading global asset managers.

HIC's operating model combines an internal investment organization with a co-investment platform. The firm partners with global managers such as BlackRock, TPG, Brookfield, EIG, and State Street Global Advisors to access international asset classes, while building direct stakes in Saudi and regional assets including the Aramco Gas Pipeline Company (49%), DP World assets (10.2%), Rabigh Arabian Water & Electricity Company (30%), Business Gate complex and Fairmont Hotel Riyadh, plus aircraft leasing via a majority-owned JV with AviLease. Operations are supported by SimCorp software covering data management, investment operations, and risk management, and the firm holds GIPS compliance certification verified by the CFA Institute.

HIC generates returns for GOSI through investment management across diversified asset classes globally, rather than through disclosed fees. With 101–250 employees and a top 10 global pension fund ranking, the firm is governed by a Board chaired by H.E. Abdullah Al Saadan and led by CEO Sabty Sulaiman Al-Sabty (effective December 1, 2025), following the July 2025 transition from founding-era CEO Saad Al-Fadly. Revenue mechanics and explicit fee structures are not publicly disclosed, consistent with HIC's closed institutional mandate from a single government principal.

Name

Hassana Investment Company (HIC)

Legal name

Hassana Investment Company

Website

https://hassana.com.sa

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

101–250 employees

Short description

Hassana Investment Company (HIC) is the dedicated institutional investment manager of Saudi Arabia's GOSI pension fund, managing SAR 1.2 trillion+ (USD 300+ billion) across equities, fixed income, real assets, and alternatives on behalf of 10 million+ contributors through direct regional investments and global asset manager partnerships.

Ownership category

akta.pro rank

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

Revenue model

1. Investment Management Services: Hassana generates returns on behalf of GOSI's 10 million+ contributors through investment management across equity, fixed income, real assets, and alternative investments. Revenue is derived from managing and growing the pension fund's assets under management.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Hassana Investment Company is the exclusive investment manager of the General Organization for Social Insurance (GOSI), Saudi Arabia's social security and pension fund. It manages SAR 1.2 trillion+ (USD 300+ billion) in assets across equities, fixed income, real assets, and alternative investments on behalf of over 10 million GOSI contributors. The firm executes direct regional investments and partners with leading global asset managers for international deployments.

Product overview

Hassana Investment Company (HIC) is the investment manager of the General Organization for Social Insurance (GOSI), Saudi Arabia's social security and pension fund. HIC does not offer a packaged software product in the traditional sense; rather, it provides institutional investment management services spanning publicly traded equities, fixed income, real assets, and alternative investments across regional and international markets. Key operational-service arrangements include a service agreement with SimCorp for integrated software covering data management, investment operations, and risk management. HIC also holds a majority stake in an aircraft leasing joint venture with AviLease (PIF company), providing aviation financing assets to investors. The company's portfolio includes infrastructure assets (e.g., Aramco Gas Pipeline Company, DP World, water and power utilities), real estate developments, and private equity commitments across diverse sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Institutional Investment Management Services for GOSI Comprehensive institutional investment management service managing GOSI's SAR 1.2 trillion+ portfolio across equities, fixed income, real assets, and alternative investments on behalf of over 10 million Saudi contributors.
• AviLease Aircraft Leasing Joint Venture Majority-owned aircraft leasing joint venture with AviLease (a PIF company) providing aviation financing assets to investors, with initial portfolio of 10 aircraft leased to Saudi-based airlines.

Quantifiable outcome

• Achieved top 10 global ranking among pension fund investment managers under former CEO Saad Alfadly's 12-year leadership
• +2 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered core and minor.

• AviLeasecoreStrategic or Co-development Partner · 15 September 2025Strategic partnership to launch a dedicated aircraft leasing joint venture. Hassana holds majority ownership stake while AviLease acts as the aircraft service provider. The JV will acquire an initial portfolio of 10 aircraft from AviLease leased to Saudi-based airlines, providing access to aviation financing asset class for investors.
• Dar wa EmaarminorStrategic or Co-development Partner · 21 July 2025MoU to develop 1.2 million SQM real estate project in Al Qadissiyah district of North Riyadh, including up to 4,000 residential units and 100,000 SQM retail space.
• State Street Global Advisors (SSGA)minorStrategic or Co-development Partner · 23 January 2025MoU to explore opportunities for Saudi fixed income Exchange-Traded Fund (ETF) collaboration, combining expertise to offer investors exposure to Saudi capital markets.
• Saudi Real Estate Refinance Company (SRC)coreStrategic or Co-development Partner · 31 December 2024MoU to develop the real estate finance market sector. Partnership includes Hassana's founding role in supporting mortgage portfolio securitizations, introducing innovative asset class through residential mortgage-backed securities.
• State Oil Fund of the Republic of Azerbaijan (SOFAZ)minorStrategic or Co-development Partner · 29 October 2024MoU to facilitate investment opportunities in the Kingdom of Saudi Arabia, exploring co-investment and asset transfers in private equity, infrastructure, and real estate.
• Kinan InternationalminorStrategic or Co-development Partner · 1 July 2024MoU for 2 million SQM mixed-use real estate development in Al Rimal district of North Riyadh, including 9,000 residential units and 222,000 SQM commercial space.
• Water Transportation and Technologies Company (WTTCO)minorStrategic or Co-development Partner · 8 August 2023MoU to enhance cooperation in water transportation and strategic storage within Saudi Arabia, pursuing investment opportunities in projects expected to be worth SAR 30 billion.
• Saudi AramcocoreStrategic or Co-development Partner · 22 May 2023MoU for cooperation in facility management and development, aiming to lead in innovative facility management solutions with high-quality standards.
• Mashareq Investment CompanyminorStrategic or Co-development Partner · 24 January 2023Development agreement to develop GOSI land on Eastern Ring Road in Al-Hamra district, Riyadh on 45,000 SQM area.
• BlackRock Saudi ArabiacoreStrategic or Co-development Partner · 14 November 2022MoU to promote and develop BlackRock's infrastructure investment strategy in the Middle East. BlackRock is the world's largest asset management company.

Scale indicators10 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Public Investment Fund (PIF): Saudi Arabia's sovereign wealth fund and one of the world's largest institutional investors. PIF is the most direct peer: both are Saudi government-affiliated institutional investors managing multi-hundred-billion-dollar portfolios, deploying capital across domestic Vision 2030 projects and global alternatives, with similar governance structures tied to Saudi economic policy.
• Abu Dhabi Investment Authority (ADIA): UAE sovereign wealth fund managing roughly $1 trillion in assets. ADIA is a globally diversified institutional investor with a similar mandate profile: long-term horizon, multi-asset class exposure, and global partnerships. Operates as a captive investment manager for a national sovereign, mirroring Hassana's relationship with GOSI.
• Mubadala Investment Company: Abu Dhabi sovereign investor managing over $300 billion across alternatives, infrastructure, and direct investments. Comparable to Hassana in scale, GCC regional focus, and emphasis on greenfield and infrastructure deals in partnership with global managers. Direct peer in deploying capital into energy transition and technology globally.
• GIC (Singapore): Singapore's sovereign wealth fund managing over $700 billion with a global multi-asset class mandate. GIC is a top-tier peer for global institutional asset management, sharing the long-term diversified investment approach, geographic reach across 40+ countries, and emphasis on alternatives and partnerships with top-tier external managers.
• Norges Bank Investment Management (NBIM): Manager of Norway's Government Pension Fund Global, the world's largest sovereign wealth fund (~$1.7T AUM). NBIM is a global benchmark for institutional investment governance, performance reporting (GIPS), and multi-asset class management. Direct peer in long-term capital allocation philosophy and global scale.
• CPP Investments: Canada Pension Plan Investment Board managing over $600 billion for a national pension plan. Direct peer in managing domestic pension contributions, multi-asset class global investing, and a focus on real assets, infrastructure, and private equity. Shares the captive mandate structure with Hassana as sole client.
• Qatar Investment Authority (QIA): QIA manages Qatar's sovereign wealth across a global portfolio exceeding $500 billion. QIA is a regional peer for Gulf sovereign wealth fund investing, with similar emphasis on infrastructure, real estate, and global direct investments. Comparable institutional scale and mandates in the GCC.
• Investment Corporation of Dubai (ICD): Principal investment arm of the Government of Dubai managing a diversified portfolio of strategic assets. ICD is a regional peer with similar focus on infrastructure, real estate, and financial services investments, comparable governance, and ties to regional economic strategy.
• ADQ: Abu Dhabi strategic investment holding company managing over $250 billion. ADQ is comparable to Hassana in scale, regional GCC focus, and emphasis on critical infrastructure, healthcare, food security, and energy investments. Direct peer in deploying sovereign capital into domestic strategic sectors.

Regional players

• Sanabil Investments: PIF-owned Saudi investment company focused on private equity and venture capital investments globally. Comparable to Hassana in being a Saudi government-affiliated institutional investor, but with a narrower focus on alternative investments and VC/PE rather than diversified multi-asset mandate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hassana-investment-company.

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles22 records

Funding overview

Funding rounds

Investors

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

M&A

Investments6 records

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

Frequently asked questions about Hassana Investment Company (HIC)