What Amwal Capital Partners does

Amwal Capital Partners (ACP) is an independent, 100% team-owned alternative investment manager founded in 2013 and headquartered in Dubai, with a regional hub in Riyadh. The firm manages approximately $3.0 billion in assets under management across public equities, fixed income, and private credit strategies, and is dually regulated by the Dubai Financial Services Authority (DFSA) and the Saudi Capital Market Authority (CMA). ACP serves institutional investors (sovereign wealth funds, pensions, endowments), high-net-worth individuals and family offices, and, more recently, GCC SMEs through Shariah-compliant credit solutions.

The firm's product suite includes the open-ended ACP MENA Equity Fund (long-biased public equities), the open-ended ACP Shariah Hybrid Income Fund (private markets and liquid sukuk), the closed-ended $150 million ACP Shariah Financing Fund (private credit to GCC SMEs), and dedicated MENA Fixed Income, Global Sukuk, and hybrid credit mandates, alongside bespoke discretionary portfolios offered in both conventional and Shariah-compliant formats. ACP's stated investment process combines top-down and bottom-up fundamental research with a proprietary "360-degree due diligence" methodology and ESG integration, supported by an investigative analyst with Kroll and Dow Jones background and an in-house legal/credit function.

ACP earns revenue primarily through recurring management fees on its open-ended and closed-ended funds and discretionary mandates, supplemented by performance fees on alpha-generating strategies. Distribution is direct and relationship-driven, executed through an Investor Relations team, a Director of Capital Raising (based in Riyadh), and the Apex Connect investor portal, with thought-leadership research publications supporting top-of-funnel brand building across the MENA institutional capital base.

Name

Amwal Capital Partners

Legal name

Amwal Capital Partners

Website

https://amwalcp.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Amwal Capital Partners is a Dubai- and Riyadh-based, independently team-owned alternative investment manager with $3 billion AUM, offering long-biased MENA equity, fixed income, Shariah-compliant, and private credit strategies to institutional, family office, and GCC SME clients.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Multi-Strategy — Single-Manager, Multi-PM (FSAHAFAB)

akta.pro secondary industries

Fixed Income Mutual Funds (FSAAAEAB), Multi-Sector / Total Return Fixed Income (FSAAAHAJ)

Keywords

• MENA equity investing
• Asset management services
• Shariah-compliant funds
• Private credit financing
• Discretionary portfolio management

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Fund Management Fees: Amwal generates revenue through management fees charged on its open-ended and closed-ended funds, including the ACP MENA Equity Fund, ACP Shariah Hybrid Income Fund, and ACP Shariah Financing Fund. Management fees are typically calculated as a percentage of assets under management.
2. Discretionary Mandate Fees: Revenue from bespoke discretionary portfolio management services offered to institutional clients and high-net-worth individuals, including both conventional and Shariah-compliant mandates.
3. Performance Fees: Implied performance-based fees on fund products with alpha generation focus. The firm's high-conviction investment approach and alpha generation claims suggest performance fee structures are part of the revenue model.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Amwal Capital Partners is an independent investment management firm that manages approximately $3.0 billion in assets under management across MENA-focused equity, fixed income, and private credit strategies. It offers open-ended funds (ACP MENA Equity Fund, ACP Shariah Hybrid Income Fund), closed-ended funds (ACP Shariah Financing Fund), fixed income mandates (MENA Fixed Income, Global Sukuk, Hybrid Credit Solutions), and bespoke discretionary portfolio management in both conventional and Shariah-compliant variants for institutional clients, family offices, and high-net-worth individuals.

Product overview

Amwal Capital Partners offers a comprehensive suite of alternative investment products spanning equities and credit strategies for the MENA region. The core product lineup includes the ACP MENA Equity Fund (open-ended public equities fund), ACP Shariah Hybrid Income Fund (dual-market approach), and ACP Shariah Financing Fund ($150M closed-ended private credit fund). The fixed income platform provides MENA Fixed Income, Global Sukuk, and hybrid credit solutions. All strategies are available in both conventional and Shariah-compliant variants, with bespoke discretionary mandates offered for institutional and high-net-worth clients.

Differentiator

Problem solved

Functional benefit

Brands

• ACP MENA Equity Fund: Open-ended fund focused on publicly listed MENA equities, the core strategy designed to reflect investment philosophy and long-term commitment to the region.
• ACP Shariah Financing Fund
• ACP Shariah Hybrid Income Fund
• Fixed Income Platform

Products and services

• ACP MENA Equity Fund An open-ended fund focused on publicly listed MENA equities that features a long-biased, high-conviction portfolio with disciplined research and private equity-style due diligence. Designed for institutional and qualified investors seeking public equity exposure to the MENA region.
• ACP Shariah Hybrid Income Fund An open-ended Shariah-compliant fund that invests across private markets and liquid sukuk, offering diversified asset allocation, enhanced return potential through a Shariah-compliant framework, and uncorrelated income streams. Suited to institutional and qualified investors seeking Shariah-compliant income.
• ACP Shariah Financing Fund A $150 million closed-ended Shariah-compliant private credit fund focused on credit investments within the GCC, targeting underserved SMEs with flexible, asset-backed financing solutions. Primary focus on Saudi Arabia and UAE, targeting resilient, high-growth sectors such as logistics, fintech, and tourism.
• MENA Fixed Income A fixed income investment mandate spanning global Emerging Markets with particular focus on MENA and Turkey, available in both conventional and Shariah-compliant strategies. Designed for institutional and qualified investors seeking regional fixed income exposure.
• Global Sukuk A Shariah-compliant fixed income investment mandate focused on global sukuk markets. Part of the firm's expanded fixed income platform and targeted at institutional and qualified investors seeking global Islamic fixed income exposure.
• Hybrid Credit Solutions Combined credit strategies offering both conventional and Shariah-compliant approaches to optimize risk-adjusted returns. Part of the firm's fixed income platform, targeted at institutional and qualified investors seeking blended credit exposure.
• ACP Discretionary Mandates Tailored discretionary portfolio management services across both Equities and Fixed Income, designed to align precisely with each client's unique investment objectives and risk profile. Available in conventional and Shariah-compliant formats for institutional and high-net-worth clients.

Quantifiable outcome

• Over $3 billion in assets under management
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Mashreq Capital: UAE-based asset management subsidiary of Mashreqbank offering MENA equities, fixed income, and sukuk mandates. Comparable mid-sized indigenous UAE manager with overlapping institutional and private wealth distribution channels.
• Jadwa Investment: Saudi-based investment management firm offering equities, fixed income, and alternative investment products to institutional and retail clients. Comparable indigenous MENA asset manager with CMA oversight, similar client mix, and a competing MENA equity franchise.
• SHUAA Capital: UAE-domiciled financial services firm providing asset management, investment banking, and private credit across the GCC. Comparable on the MENA alternative-investment platform play, including direct lending and Shariah-compliant capabilities that overlap with ACP's Shariah Financing Fund.
• Gulf Capital: Abu Dhabi-headquartered alternative asset manager investing across private equity, private credit, and growth capital in the MENA region. Closest analog on the private-credit/SME-financing strategy ACP is launching through the Shariah Financing Fund.
• Arqaam Capital: Dubai-based, MENA-focused asset manager offering equities, fixed income, and credit strategies including institutional mandates. Direct comparable to Amwal on geography, product mix, and HNW/institutional distribution; ACP's fixed-income hires include the former lead PM at Arqaam.

Broad incumbents

• ADCB (Abu Dhabi Commercial Bank) Asset Management: UAE bank-affiliated asset manager offering MENA equities, fixed income, and Shariah-compliant mandates to institutional and private clients. A scaled incumbent competing for the same UAE institutional and HNW mandates as ACP's DFSA-regulated Dubai franchise.
• Franklin Templeton (MENA Fixed Income): Global asset manager with established MENA/sukuk fund range (FT Franklin Sukuk Fund, FT Gulf Wealth Bond Fund). ACP's new fixed-income co-head Sharif Eid previously managed these exact products, making Franklin a direct incumbent on MENA/sukuk mandates ACP is now pursuing.

Regional players

• SNB Capital: Saudi-based investment manager affiliated with Saudi National Bank offering MENA equities, sukuk, and discretionary portfolios. Competes for the same Saudi institutional and HNW wallet as ACP's CMA-regulated Riyadh franchise, with materially larger scale.
• Riyad Capital: Saudi-based investment bank and asset manager (affiliate of Riyad Bank) running MENA equity, fixed income, and brokerage businesses. Competes directly with ACP for Saudi institutional, HNW, and discretionary mandates under CMA oversight.

Others

• Al Rajhi Capital:

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

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

M&A

Investments4 records

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

Frequently asked questions about Amwal Capital Partners