Top 12 Asset Managers in Saudi Arabia
Compare Saudi Arabia’s leading licensed investment managers by reported assets under management, investment focus and career relevance.
Last updated: · Data period: Q2 2026
Search for Jobs ↗Explore the rankings ↓Saudi Arabia’s asset management landscape
Saudi Arabia has a diverse investment-management market spanning bank-owned fund managers, independent investment firms, and Shariah-compliant products. This guide uses a consistent Q2 2026 manager AUM dataset to rank 12 firms. It does not mix in sovereign wealth funds such as the Public Investment Fund, whose mandate and assets are not directly comparable to those of licensed commercial managers.
How we ranked them: reported assets under management (SAR billions) in the Q2 2026 Saudi capital-market data published by Argaam, citing CMA figures. AUM is a measure of scale—not fund performance, safety, service quality or a recommendation to invest.
For regulatory verification, consult the Capital Market Authority investment fund register. The ranking data are from Argaam’s Q2 2026 asset management report.
Top 12 asset management companies
Search by name or filter by broad manager type. The rank and AUM figures remain fixed to the same reporting period.
Showing 12 companies
SNB Capital
SAR 303.6bn Q2 2026 AUM
Diversified investment funds, discretionary mandates and institutional asset management. For career research, examine the firm’s current investment strategies, fund disclosures and team structure.
Visit official website ↗Al Rajhi Capital
SAR 181.5bn Q2 2026 AUM
Shariah-compliant funds, investment portfolios and capital markets solutions. For career research, examine the firm’s current investment strategies, fund disclosures and team structure.
Visit official website ↗Alinma Capital
SAR 128.6bn Q2 2026 AUM
Investment funds, private markets and asset-management services. For career research, examine the firm’s current investment strategies, fund disclosures and team structure.
Visit official website ↗Jadwa Investment
SAR 102.3bn Q2 2026 AUM
Public markets, private equity, real estate and institutional mandates. For career research, examine the firm’s current investment strategies, fund disclosures and team structure.
Visit official website ↗Riyad Capital
SAR 100.8bn Q2 2026 AUM
Public-market funds, real estate investments and discretionary portfolios. For career research, examine the firm’s current investment strategies, fund disclosures and team structure.
Visit official website ↗Albilad Capital
SAR 54.4bn Q2 2026 AUM
Shariah-oriented investment funds, real estate and portfolio management. For career research, examine the firm’s current investment strategies, fund disclosures and team structure.
Visit official website ↗Alistithmar Capital
SAR 37.9bn Q2 2026 AUM
Asset management and securities services within the Saudi investment market. For career research, examine the firm’s current investment strategies, fund disclosures and team structure.
Visit official website ↗SAB Invest
SAR 34.9bn Q2 2026 AUM
Investment funds, wealth solutions and institutional investment services. For career research, examine the firm’s current investment strategies, fund disclosures and team structure.
Visit official website ↗ANB Capital
SAR 31.6bn Q2 2026 AUM
Managed investment funds and wealth and institutional investment services. For career research, examine the firm’s current investment strategies, fund disclosures and team structure.
Visit official website ↗AlJazira Capital
SAR 31.5bn Q2 2026 AUM
Investment funds, portfolio management and capital markets solutions. For career research, examine the firm’s current investment strategies, fund disclosures and team structure.
Visit official website ↗BSF Capital
SAR 31.3bn Q2 2026 AUM
Investment management and brokerage services associated with Banque Saudi Fransi. For career research, examine the firm’s current investment strategies, fund disclosures and team structure.
Visit official website ↗Alpha Capital
SAR 21.9bn Q2 2026 AUM
Asset management, investment products and alternative investment solutions. For career research, examine the firm’s current investment strategies, fund disclosures and team structure.
Visit official website ↗Compare Saudi asset managers
Figures below represent manager-level assets under management, not the value of any single fund.
| Rank | Company | Q2 2026 AUM (SAR bn) | Manager type |
|---|---|---|---|
| #1 | SNB Capital | 303.6 | Bank-owned |
| #2 | Al Rajhi Capital | 181.5 | Shariah |
| #3 | Alinma Capital | 128.6 | Shariah |
| #4 | Jadwa Investment | 102.3 | Independent |
| #5 | Riyad Capital | 100.8 | Bank-owned |
| #6 | Albilad Capital | 54.4 | Shariah |
| #7 | Alistithmar Capital | 37.9 | Bank-owned |
| #8 | SAB Invest | 34.9 | Bank-owned |
| #9 | ANB Capital | 31.6 | Bank-owned |
| #10 | AlJazira Capital | 31.5 | Bank-owned |
| #11 | BSF Capital | 31.3 | Bank-owned |
| #12 | Alpha Capital | 21.9 | Independent |
Source: Argaam, Q2 2026; figures rounded to one decimal place. Manager categories are editorial simplifications; consult company documentation for precise ownership and investment mandates.
How to choose an asset manager
Compare the mandate, risk appetite, fund performance across market cycles, total fees, liquidity terms, investment restrictions, Shariah requirements where relevant, and the manager’s regulatory status. For career research, compare investment team specialisms, product lines and professional development opportunities rather than treating AUM as a proxy for workplace quality.
Frequently asked questions
Which is the largest asset manager in Saudi Arabia?
Among the managers in the Q2 2026 CMA-derived comparison, SNB Capital ranked first by reported assets under management at SAR 303.6 billion.
Are these rankings based on investment returns?
No. They follow reported assets under management, which measures scale rather than fund performance, client service or risk-adjusted returns.
What is the difference between an asset manager and a sovereign wealth fund?
Licensed asset managers manage funds or client mandates; sovereign wealth funds invest public capital for a national mandate. PIF is therefore not included in this comparable AUM table.
Are all these managers based in Riyadh?
This is a Saudi Arabia-wide ranking. Check each company website for current office locations and availability of services.
What is a discretionary portfolio?
A mandate in which an investment manager makes portfolio decisions within agreed investment objectives and restrictions.
Do Saudi managers offer Shariah-compliant funds?
Several do. Always check the specific fund documents and Shariah governance rather than assuming all products of a firm are compliant.
Can international investors invest in Saudi funds?
Eligibility depends on the fund, investor classification, product documentation and applicable rules. Confirm directly with the manager.
How should I compare management fees?
Consider the management fee, performance fee, transaction expenses, redemption terms and all-in costs together.
Where can I verify licensed managers?
Consult the Capital Market Authority’s authorised persons and investment fund registers for current regulatory information.
How can I find asset management jobs in Saudi Arabia?
Use Senna’s Middle East jobs search and the official career pages of firms that match your investment specialism.
Explore asset management careers in Saudi Arabia
Find recent roles across investment management, portfolio research, private markets, banking and other financial services employers in the Middle East.
Search for Jobs ↗Book Mock Interview ↗Photography is illustrative and does not depict the offices of the listed firms. Image provider: Unsplash; licence. Rankings are based on a specified historical reporting period and may change.