20. ALBILAD CAPITAL

CEO: Zaid Almufarih Country: Saudi Arabia Established in: 2008

AUM: $2.4 billion

Established in Riyadh in 2008, Albilad Capital operates under Islamic Sharia principles offering investment and financial services to individuals, institutions, and corporates. In 2020, Albilad issued sukuks for Bank Albilad, Arabian Centers, and Rawabi Holding Company worth a total of $1.9 billion. It also introduced Sharia-compliant sovereign sukuk and gold ETFs. CEO Zaid Almufarih began his career with the Saudi Central Bank before moving to the private financial services sector.