Jabal Asset Management

What Jabal Asset Management does

Jabal Asset Management is a Muscat-headquartered, government-backed investment management and brokerage firm established in April 2023 by the Sovereign Oman Investment Fund. The company operates under Royal Decree 46/2022 and is regulated by the Capital Market Authority and Financial Services Authority of Oman, holding the distinction of being the first GCC asset manager to receive a QFII license in China and also holding an FPI license for India.

The firm runs a multi-asset platform spanning seven open-ended mutual funds (India, Furas, GCC Equities, China AMC Loong Equity, Fixed Income, Money Market, plus a Shariah-compliant REIF listed on the Muscat Stock Exchange), alternative investments including private equity, private credit, real estate, and gold bullion, and a discretionary portfolio management service with a minimum ticket of OMR 2 million. The brokerage arm provides Direct Market Access to the Muscat Stock Exchange and OTC trading desks covering China, Hong Kong, India, Brazil, GCC, and broader LATAM, all accessible through a proprietary mobile app ("Jabal Investments") and a KYC portal for digital onboarding.

Jabal earns revenue from fund management fees (0.5%-2% per annum), brokerage commissions on DMA and OTC trades, and discretionary portfolio management fees. It serves high-net-worth individuals, institutional investors, government/sovereign entities, and Shariah-compliant investors primarily across Oman and the broader GCC, with growing reach into emerging markets. The distribution model combines direct sales through dedicated relationship managers for large mandates, digital self-service via the mobile app for brokerage, and exchange-listed access for the REIF.

Name

Jabal Asset Management

Legal name

Jabal Asset Management

Website

https://jabal.om

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

Jabal Asset Management is a Muscat-based, sovereign-backed investment manager and broker offering mutual funds, REIF, brokerage, and discretionary mandates across GCC, India, and China for HNW, institutional, and government clients.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

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

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211), Real Estate Investment Trusts (6798)

akta.pro primary industry

Discretionary Portfolio Management (Retail) (FSAAAAAH)

Keywords

• Asset management
• Mutual funds
• Brokerage services
• Portfolio management
• Emerging markets

Headquarters

HQ city

Muscat

HQ country

Oman

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Asset Management Fees: Management fees charged on open-ended mutual funds and exchange-traded funds. Fee rates include 2% per annum for most funds (India Fund, Furas Fund, China AMC Loong Equity Fund, Fixed Income Fund) and 0.5% per annum for the Money Market Fund.
2. Brokerage Commissions: Commissions earned on Direct Market Access (DMA) to Muscat Stock Exchange and OTC trading for major global markets (China, Hong Kong, India, GCC, LATAM and others). Revenue generated per transaction on equity, bond, sukuk, and ETF trades.
3. Discretionary Portfolio Management Fees: Fees for tailored investment solutions under discretionary portfolio management service with minimum investment of OMR 2 million. Clients receive dedicated portfolio managers and multi-asset allocation across equities, fixed income, and alternatives.
4. Alternative Investment Mandates: Fees from providing access to private equity, private credit, real estate, and gold bullion investments under discretionary management.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Jabal Asset Management is a Muscat-based investment manager and broker that offers open-ended mutual funds, exchange-traded funds (including a real estate fund), discretionary portfolio management, alternative investments, and brokerage services. It provides direct market access to the Muscat Stock Exchange and OTC trading across global emerging markets (China, Hong Kong, India, GCC, Brazil/LATAM), supported by the Jabal Investments mobile application and a KYC portal.

Product overview

Jabal Asset Management is a platform of investment products and brokerage services. The core offerings consist of seven open-ended mutual funds: Jabal India Fund (India-focused equities), Jabal Furas Fund (multi-asset), Jabal GCC Equities Fund (regional equities), Jabal China AMC Loong Equity Fund (China equities), Jabal Money Market Fund (short-term instruments), and Jabal Fixed Income Fund (EM bonds), plus the Jabal Real Estate Investment Fund (exchange-traded). These funds are complemented by alternative investments (private equity, private credit, gold bullion) and discretionary portfolio management services with Shariah-compliant options. The brokerage platform provides Direct Market Access to Muscat Stock Exchange and OTC trading to global emerging markets, accessible via the Jabal Investments mobile application.

Differentiator

Problem solved

Functional benefit

Products and services

• Jabal India Fund Oman-domiciled, FSA-approved open-ended fund investing in equity and equity-related instruments in India, focusing on promising sectors across market capitalizations.
• Jabal Furas Fund Long-term investment strategy concentrating on maximizing overall portfolio return while lowering volatility through capital appreciation and income from different asset classes.
• Jabal GCC Equities Fund Unlisted open-ended investment fund investing in GCC listed equities and IPOs in Saudi Arabia, UAE, Qatar, Kuwait, Oman and Bahrain, actively managed through top-down and bottom-up analysis.
• Jabal China AMC Loong Equity Fund Long-biased strategy focused on value and sustainable growth, offering exposure to high-quality Chinese companies across onshore and offshore markets, managed in partnership with China AMC.
• Jabal Money Market Fund Fund aiming to preserve capital, maintain liquidity and maximize returns by investing in high-quality, short-term money market instruments principally in GCC markets.
• Jabal Fixed Income Fund Actively managed EM-focused strategy including sovereign and corporate bonds in hard-currency, maintaining a diversified portfolio with long duration focused on A or BBB names.
• Jabal Real Estate Investment Fund (REIF) Fund acquiring and managing income-generating commercial real estate in Muscat, listed on the Muscat Stock Exchange and tradable with minimum lot of 100 units, providing regular long-term income and capital appreciation.
• Alternative Investments Curated selection of alternative investments including Private Equity (direct and fund-based), Private Credit, Real Estate, and Gold Bullion for portfolio diversification and improved risk-adjusted returns under discretionary management.
• Discretionary Portfolio Management Service Tailored investment solutions aligned with client objectives, risk profile and preferences with minimum investment of OMR 2 million, providing a dedicated portfolio manager and multi-asset allocation across equities, fixed income and alternatives.
• Shariah-Compliant Investment Solutions Shariah-compliant investment options including equities strategy, global sukuk strategy, REIF, and money market instruments, partnered with Shariah advisors in Oman.
• Direct Market Access (DMA) to Muscat Stock Exchange Direct market access to Muscat Stock Exchange enabling efficient and transparent execution for Omani equities, bonds, Sukuks and ETFs, accessible via the Jabal Investments mobile app.
• OTC Trading Access Over-the-counter trading access to major global markets including China (SSE, SZSE, BSE), Hong Kong (HKEX), India (BSE, NSE), Brazil (B3), GCC markets, and LATAM, with instructions submitted via trading desk.
• Jabal Investments Mobile Application Mobile application enabling trading, digital onboarding, brokerage account opening (via KYC portal) and portfolio management for accessing global equities and regional portfolios. Available on Apple App Store and Google Play.

Quantifiable outcome

• Jabal Furas Fund ranked as the best performing fund in Oman (May 2026)

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered minor and core.

• Muscat Stock Exchange (MSX)minorStrategic or Co-development Partner · 9 September 2025MSX has signed Memoranda of Cooperation with the Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) to strengthen international partnerships and develop Oman's capital market. Jabal REIF is listed and disclosed on MSX.
• China AMCcoreTechnology or IntegrationChina AMC, China's largest asset manager, is the Investment Advisor for the Jabal China AMC Loong Equity Fund. The partnership combines China AMC's onshore China expertise with Jabal's first GCC QFII license, offering exposure to high-quality Chinese companies across both onshore and offshore markets. Bottom-up stock selection with top-down analysis and active risk management.
• Shariah Advisors in OmancoreStrategic or Co-development PartnerJabal Asset Management has partnered with Shariah advisors in Oman to offer a range of Shariah-compliant investment options including Equities Strategy (Shariah-screened stocks), Global Sukuk Strategy, REIF (income-focused real estate investments in line with Islamic principles), and Money Market Instruments. Available under Discretionary Portfolio Management Services.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Amundi Asset Management: Europe's largest asset manager with a meaningful EM and Islamic finance footprint. Broad incumbent that increasingly targets GCC distribution, providing the competitive backdrop for an emerging-market-focused manager like Jabal.
• Saxo Bank: Global multi-asset brokerage and investment platform offering direct market access to 50+ markets. Functionally comparable for its mobile-first digital onboarding, DMA brokerage, and cross-asset platform serving emerging-market clients.
• Emirates NBD Asset Management: UAE-based institutional asset manager affiliated with Emirates NBD, managing regional and global mandates. Broader incumbent in the GCC asset-management space with a much larger AUM base and similar institutional/multi-asset focus.

Direct peers

• Al Rajhi Capital: Saudi asset manager with one of the largest Shariah-compliant fund complexes in the GCC, plus brokerage and advisory services. Comparable for its focus on Islamic-compliant investing, multi-fund platform, and regional scale.
• SNB Capital: Saudi Arabia's largest asset manager, bank-owned, offering mutual funds, brokerage, and discretionary management. Strongly comparable given its GCC footprint, Shariah-compliant product suite, and broad multi-asset platform serving institutional and retail clients.
• Ubhar Capital: Omani investment bank and asset manager offering brokerage, asset management, and advisory services to Omani and GCC investors. Direct peer given its overlapping role as a Muscat-headquartered platform combining mutual funds, brokerage, and institutional services.

Regional players

• SICO Capital (Securities & Investment Company): Bahrain-headquartered regional investment bank with brokerage, asset management, and capital-markets services across the GCC. Comparable as a regional multi-product investment platform serving institutional and HNW clients, though domiciled in Bahrain rather than Oman.
• Mashreq Capital: UAE-based asset management arm of Mashreqbank offering GCC and EM equity/fixed-income funds. Comparable given its regional institutional focus and emerging-markets investment capabilities.
• KAMCO Investment Company: Kuwait-based regional investment bank with asset management, brokerage, and advisory across MENA. Comparable as a GCC-domiciled multi-product platform with similar institutional client focus and emerging-markets mandates.

Emerging players

• Ashmore Group: London-listed specialist asset manager focused exclusively on emerging markets across equities, debt, and alternatives. Direct strategic comparable for Jabal's EM-centric fund range (India, China, GCC, Brazil/Latam).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/jabal-asset-management

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Jabal Asset Management