13. ALISTITHMAR CAPITAL (ICAP)

CEO: Khaled Alrayes Country: Saudi Arabia Established in: 2007

AUM: $5.5 billion

Alistithmar Capital is an investment bank wholly-owned by the Saudi Investment Bank (SAIB). In 2020, the firm had 3.1% of the market share of the total transactions in the Saudi stock market, which exceeded $34.6 billion. In 2017, ICAP was the financial advisor for the IPOs of Raydan foods and Baazeem. CEO Khaled Alrayes has nearly 19 years of experience in the investment banking sector. He holds an MBA from the University of Denver, Colorado, and is a CFA charter holder.