GULF UNION ALAHLIA
14.20   | 
SEERA
24.18   | 
LIVA
15.06   | 
Zamil Indust
40.40   | 
SHAKER
30.90   | 
NASEEJ
87.50   | 
Saudi Ceramics
27.85   | 
Astra Indust.
153   | 
MAADEN
49.55   | 
Al Baha
4.25   | 
BCI
28.75   | 
Alkhaleej Trng
28.25   | 
Saudi Enaya
10.60   | 
AMANA Insurance
9.44   | 
GACO
17.82   | 
Taiba
44   | 
Buruj
19.28   | 
YCC
22.08   | 
Arabian Shield
17.96   | 
SCC
8.52   | 
SARCo
62.10   | 
GO TELECOM
100.80   | 
Takween
8.99   | 
SISCO HOLDING
30.60   | 
Kingdom
8.90   | 
Wataniya
21.18   | 
NADEC
22.72   | 
SINAD HOLDING
12.08   | 
SAICO
15.66   | 
AYYAN
15.66   | 
Red Sea
45.20   | 
Bahri
30.50   | 
Jarir
12.66   | 
Bupa Arabia
169   | 
City Cement
20.64   | 
Najran Cement
8.51   | 
Tawuniya
139   | 
Trade Union
15.24   | 
Advanced
30.10   | 
SIDC
29.45   | 
ASLAK
25.25   | 
Emaar E .C
15.14   | 
YANSAB
32.10   | 
ALAKARIA
24   | 
NGC
20.54   | 
Fitaihi Group
4.08   | 
Saudi Re
51.20   | 
SAB
35.20   | 
ALJOUF
48   | 
AICC
12.66   | 
AL Babtain
48   | 
SAIC
28.85   | 
SRMG
178   | 
Almarai
53.20   | 
GASCO
90.30   | 
TECO
0.88   | 
BSF
18.34   | 
Sharqiya Dev Co
18.82   | 
SIB
14.94   | 
ACIG
14.48   | 
Sipchem
19.10   | 
SCC
138   | 
Aldrees
138.20   | 
SADAFCO
310   | 
Dallah Health
123   | 
Extra
94   | 
Mouwasat
73.70   | 
A.Othaim Market
9.16   | 
SPIMACO
25.80   | 
THIMAR
45.30   | 
SFICO
113   | 
SPM
70.40   | 
SABI MT30 ETF
47.05   | 
YAQEEN PETROCHEMICAL
24.60   | 
YAQEEN 30
49.70   | 
Jouf Cement
9.95   | 
TCC
12.46   | 
WAFRAH
32.55   | 
Tasnee
9.39   | 
ARDCO
35.10   | 
TADCO
12.32   | 
E.P.C.C.O
33.80   | 
Gulf General
8.73   | 
Southern Cement
31.35   | 
Walaa Insurance
18.74   | 
Maadaniyah
15.74   | 
KEC
15   | 
Petro Rabigh
7.17   | 
SABIC AGRI-NUTRIENTS
100.20   | 
ZAIN KSA
12.66   | 
Mubarrad
2.38   | 
FIPCo
39.50   | 
SPPC
12.70   | 
CATRION
119.80   | 
Herfy Foods
24.32   | 
H B
49.30   | 
TAPRCO
16.22   | 
Alinma
29.20   | 
GIG
26.25   | 
QACCO
52.70   | 
SALAMA
14.50   | 
Nama Chemicals
27.65   | 
Dar Al Arkan
22.60   | 
MESC
35.90   | 
Etihad Etisalat
62   | 
MCDC
110.40   | 
Alujain
37.85   | 
Budget Saudi
75   | 
Anaam Holding
18.24   | 
ALBILAD
29   | 
ACE
42.10   | 
Saudi Cement
46.55   | 
MUTAKAMELA
17.30   | 
APC
9.34   | 
RIBL
30.75   | 
BJAZ
13.76   | 
Sabic
61.40   | 
SVCP
34.50   | 
CHEMANOL
12.70   | 
STC
47.40   | 
Amiantit
23.54   | 
Jabal Omar
25.85   | 
SASCO
65.90   | 
Al Rajhi Takaful
133.20   | 
YC
36.70   | 
MEDGULF
22.46   | 
Saudi Electric
15   | 
UCA
8.90   | 
Saudi Kayan
5.83   | 
ZOUJAJ
47   | 
CENOMI RETAIL
13.38   | 
SSP
56.30   | 
SAPTCO
16.76   | 
Al Rajhi
98.70   | 
ACC
25.55   | 
ARNB
21.68   | 
Malath Insurance
14.14   | 
JAZADCO
11.78   | 
Sagr Insurance
14.60   | 
ARTEX
13.56   | 
Care
153   | 
SIIG
15.22   | 
SAVOLA Group
31.45   | 
SIECO
2.45   | 
Northern ement
8.74   | 
Jazira Takaful
14.20   | 
Farm Superstore
20.66   | 
SNB
35.60   | 
Bawan
56   | 
UACC
17.88   | 
BAAN
2.22   | 
Al Hammadi
40.45   | 
EIC
7.25   | 
SGS
50.30   | 
AlYAMAMAH STEEL
33.30   | 
LAZURDE
13.30   | 
OASIS
30.05   | 
AL MAATHER REIT
9.36   | 
SACO
32.15   | 
MULKIA REIT
5.12   | 
ALANDALUS
22.42   | 
Al Jazira REIT
14.90   | 
Taleem REIT
10.32   | 
Mepco
28.40   | 
RIYAD REIT
5.98   | 
JADWA REIT ALHARAMAIN
6.24   | 
Saudi German Hosptl
68.70   | 
MUSHARAKA REIT
4.54   | 
JADWA REIT SAUDI
10.30   | 
Al RAJHI REIT
8.41   | 
ALAHLI REIT 1
7.09   | 
LEEJAM SPORTS
141.20   | 
SICO SAUDI REIT
4.12   | 
DERAYAH REIT
5.64   | 
CENOMI CENTERS
20   | 
MAHARAH
5.89   | 
NBM
186   | 
Bonyan REIT
9.36   | 
MEFIC REIT
3.89   | 
Swicorp Wabel REIT
4.64   | 
ATAA
67.70   | 
MIS
134   | 
SEDCO CAPITAL REIT
7.18   | 
ALASEEL
4.06   | 
RAYDAN
18.26   | 
BINDAWOOD
6.30   | 
ABO MOATI
40.05   | 
ALOMRAN
34.90   | 
Ministry of Finance GS Al Istithmar Jan29
96.88   | 
AmlakInternationalFinance
12.46   | 
SAUDI ARAMCO
25.65   | 
ALINMA SUKUK
10.52   | 
BAAZEEM
6.21   | 
ALBILAD GOLD
17.48   | 
NCLE
161   | 
ALBILAD SOVEREIGN SUKUK
8.30   | 
SULAIMAN ALHABIB
287.20   | 
ARAB SEA
6.02   | 
Al Kathiri
2.28   | 
ALKHABEER REIT
5.99   | 
AWPT
162.40   | 
WATANI STEEL
2.09   | 
NGDC
47.70   | 
ALNAQOOL
36.25   | 
Alkhabeer Income
6.03   | 
THEEB
68   | 
FESH FASH
12   | 
SADR
3.15   | 
SOLUTIONS
284.20   | 
ALHASOOB
50   | 
ENMA ALRAWABI
25.75   | 
ALARABIA
131.20   | 
TADAWUL GROUP
185   | 
ALMUNAJEM
84.50   | 
MOBI INDUSTRY
13.50   | 
CMCER
6.25   | 
DWF
121.80   | 
AICTEC
2.97   | 
ACWA POWER
321.60   | 
GROUP FIVE
33   | 
NAYIFAT
12.84   | 
TANMIAH
107.80   | 
AME
124.80   | 
ALWASAIL
3.01   | 
ALJOUF WATER
1.72   | 
OBEKAN
30.70   | 
SHL
20   | 
ALKHABEER GROWTH AND INCOME
8.25   | 
GAS
15.68   | 
FADECO
76   | 
DMSCO
81.80   | 
EQUIPMENT HOUSE
40.70   | 
AZM
28.60   | 
NASEEJ TECH
57   | 
EAST PIPES
137   | 
AQASEEM
8.10   | 
TADWEEER
7   | 
TIBBIYAH
32.35   | 
ALBILAD US
10.88   | 
AMAK
61.80   | 
ELM
1038.60   | 
NAHDI
112.80   | 
EDARAT
532.80   | 
FUTURE CARE
5.65   | 
MARAFIQ
45.50   | 
ACADEMY OF LEARNING
8.94   | 
ALAMAR
70   | 
NAQI
57.30   | 
Al Rajhi Sukuk T1
100.35   | 
RETAL
17.40   | 
ALBABTAIN FOOD
37.45   | 
RIYADH CABLES
129.40   | 
SAUDI TOP
7.20   | 
APICO
51   | 
ALSAIF GALLERY
7.28   | 
RAWASI
4.42   | 
ARABIAN DRILLING
86   | 
LUBEREF
100.20   | 
NETWORKERS
69.50   | 
NABA ALSAHA
67.80   | 
NOFOTH
23.10   | 
KEIR
4.20   | 
AMERICANA Foreign Compan
2.30   | 
ALWAHA REIT
13   | 
ALDAWLIAH
6.10   | 
ALQEMAM
91.40   | 
BALADY
277.20   | 
KNOWLEDGE TOWER
12.50   | 
ALINMA HOSPITALITY REIT
8.24   | 
SURE
83.90   | 
2P
12.58   | 
LADUN
3.49   | 
ALBILAD US TECH
16   | 
ALMAWARID
153.80   | 
UNITED MINING
41   | 
IOUD
45.50   | 
PRO MEDEX
98.60   | 
MULKIA
43.85   | 
ALRAZI
43.50   | 
KSA Sukuk 2023-08-10
98   | 
DAR ALMARKABAH
2.97   | 
SUMOU
46.25   | 
TAM DEVELOPMENT
175.80   | 
ALRASHID INDUSTRIAL
50   | 
SAL
185.20   | 
RIYADH CEMENT
34.20   | 
ALASHGHAL ALMOYSRA
56.10   | 
ALBILAD SAUDI GROWTH
9.16   | 
ALMODAWAT
18.40   | 
Saudi German Health Sukuk
101.01   | 
TAQAT
10.96   | 
WAJA
7.33   | 
JAMJOOM PHARMA
157.40   | 
FAD
83.90   | 
MIRAL
115.20   | 
ENTAJ
52.90   | 
FIRST MILLS
59.10   | 
SHALFA
74.20   | 
ASG
58   | 
ARMAH
89   | 
TMC
19.76   | 
DERAYAH
30.15   | 
NAAS PETROL
64.90   | 
FOURTH MILLING
3.96   | 
RATIO
9.77   | 
MASAR
25.45   | 
PURITY
20.60   | 
ALSHEHILI METAL
77.90   | 
Knowledgenet
30.50   | 
FIRST AVENUE
8.70   | 
ALRASHEED
114   | 
ALKHABEER INCOME 2030
7.58   | 
MIAHONA
23.20   | 
FAKEEH CARE
46.25   | 
THARWAH
47.80   | 
TALCO
47.50   | 
HORIZON EDUCATIONAL
75   | 
ALMAJED OUD
125.60   | 
MUFEED
62.90   | 
RIYADH STEEL
1.92   | 
WSM
38   | 
JANA
18.10   | 
ALFAKHERA
5.84   | 
QOMEL
53.20   | 
YAQEEN
21.28   | 
ARABICA STAR
58.90   | 
AVALON PHARMA
130   | 
PAPER HOME
144.40   | 
KSA SUKUK 2024-04-12
105.45   | 
KSA SUKUK 2024-04-07
103.36   | 
ALISTITHMAR REIT
9.41   | 
BANAN
5.35   | 
SAB HK
10.48   | 
ALBILAD HONGKONG CHINA
10.20   | 
BURGERIZZR
18.50   | 
DRC
62   | 
JAHEZ
27.80   | 
BALSM MEDICAL
75   | 
YAQEEN ESG
9.56   | 
UIHC
170.80   | 
SAMA WATER
3.10   | 
VIEW
7.02   | 
SMC
15.10   | 
ALMOOSA
168.20   | 
NICE ONE
37.50   | 
ALBATTAL FACTORY
50   | 
SEDCO MULTI ASSET
6.18   | 
QUARA
18.40   | 
ARABIAN MILLS
45.80   | 
SMASCO
6.49   | 
RASAN
85   | 
MULTI BUSINESS
18.08   | 
LUMI
61.90   | 
ALMOHAFAZA FOR EDUCATION
24.90   | 
LEAF
99.80   | 
KSA Sukuk 2024-01-10
100   | 
ATLAS ELEVATORS
18.70   | 
MRNA
11.26   | 
Sukuk Rawasi Albina Inv 1
106.35   | 
FUTURE VISION
6.50   | 
GHIDA ALSULTAN
44   | 
MAYAR
2.90   | 
MEYAR
60.10   | 
ALMUJTAMA MEDICAL
30.50   | 
SMILE CARE
5.62   | 
LAMASAT
6.92   | 
CLEAN LIFE
109   | 
RIYAL
24.98   | 
MBC Group
43   | 
OSOOL AND BAKHEET
34.75   | 
Sukuk AlKathiri 1
100.80   | 
UFG
41.45   | 
ADES
15.12   | 
RAOOM
77.70   | 
LIME INDUSTRIES
12.26   | 
ITMAM
18.50   | 
HKC
44.05   | 
TAMKEEN
55   | 
MODERN MILLS
38.90   | 

About Us

About us

We work to deliver the best possible solutions and services to our customers, always putting their interests first in any business decisions

Rakan Abdullah Abunayyan
Chairman-Independent

Mr. Rakan Abdullah Abunayyan has been appointed as Chairman of Alistithmar Capital since April 2022. Rakan is an experienced investment executive who has spent the last 18 years working in different fields from Investment research, teaching, and investing and worked in several aspects wearing the hat of the regulator from his experience in the Central bank of Saudi to the investment side being known as an active investor in Saudi Arabia. Rakan brings hands-on experience in turning around legacy enterprises, growing green fields into market leaders, innovating products, implementing digitization and creating new operating models by being an active player in the venture capital market in Saudi. Rakan now is an active board member in several companies in Saudi, such as, Ashmore Investment Saudi Arabia, Abunayyan Trading company, First Milling company, and the Chairman of MEDGULF Insurance co. where he led its transformation. Rakan was also an advisory board member to the Capital Market Authority, and a board member in Riyadh Chamber of commerce. Rakan currently is the Chief Investment Officer of Abunayyan Holding a conglomerate company that engages in trading, manufacturing, servicing, and investing in water, oil, gas, and power markets in the Kingdom of Saudi Arabia and the Gulf countries. Rakan holds a Bachelor degree in Accounting from King Saud University in Saudi Arabia and a Master of Science in Finance from the University of Illinois at Urbana-Champaign, USA. Rakan is a Certified Public Accountant.

Faisal Abdullah Al-Omran
Board Vice Chairman of the Board of Directors

Mr. Faisal Abdullah Al-Omran is the Chief Executive Officer of The Saudi Investment Bank (SAIB) and has been appointed as Vice Chairman of the Board of Directors of Alistithmar Capital since October 2023. Faisal joined SAIB in 2007 with a wealth of experience in investment management gained from reputed entities. Initially joining in the investment banking and corporate finance division of the Bank, Faisal successively held senior management positions and was appointed the Treasurer & Chief Investment Officer in 2015. In 2017, he was appointed as the deputy Chief Executive Officer and in February 2019 he was appointed as the Chief Executive Officer. Faisal holds a bachelor's degree in business administration, majoring in finance and accounting with honors from Northeastern University in Boston, Massachusetts, USA in addition to completing several executive education and short training courses from various reputable universities globally including INSEAD and London Business School. Faisal has previously served as the Chairman of the Board of Directors of Saudi Credit Bureau (SIMAH), Vice Chairman of the Board of Directors of Alistithmar Capital, and Board member of Amlak International Finance Company, in addition to serving on various Board committees of these companies.


Salman Badar Al Fughom
Board Member

Mr. Salman Badar Al-Fughom has served The Saudi Investment Bank (SAIB) since the last 14 years. He is currently serving as the Deputy Chief Executive Officer (DCEO) of SAIB since January 2020. In his current role, he maintains an oversight of the Bank’s business, strategy, operations, internal controls, and assists the CEO of the Bank in ongoing business matters. Mr. Al-Fughom is part of several Management Committees in the Bank, including the Management Committee Credit Committee, Assets Liability Management Committee, Enterprise Risk Committee, ECL Management Committee, and Sustainability Committee. Previously, Mr. Al-Fughom served the Bank in the capacity of Treasurer & Chief Investment Officer from September 2017 to December 2019 and Deputy Treasurer from October 2015 to August 2017. In his role as the Treasurer, Mr. Al-Fughom was responsible for overall management of the Bank’s Treasury function, including Assets Liability management, bank funding strategy, hedging strategy, balance sheet management, and Gap management. Prior to these positions, Mr. Al-Fughom started in SAIB as the Head of Investments in November 2006 and continued serving in that position until his promotion in September 2015. He headed the Investment department managing around SAR22 billion of international and local multi assets portfolio, and was responsible for setting up and implementing the Bank’s investment strategy Mr. Al-Fughom started his career as a Portfolio Analyst in the Investment Department of The Saudi Arabian Monetary Authority (SAMA) where he assisted with managing the fixed income portfolio and implementing working group view on the investment strategy. Mr. Al-Fughom is the Vice Chairman of Saudi ORIX Leasing Company since March 2020 (Board member since March 2017) and a Board member of Alistithmar for Financial Securities & Brokerage Company (Alistithmar Capital) since November 2018. He is also a member of several Board Committees in these companies. Mr. Al-Fughom holds a Master of Science degree in Investment Management from Cass Business School, London and Bachelors of Science (Honors) degree from Greenwich University, London. He has also completed a Management Development Program from Brown Brothers Harriman, New York, and has completed several executive education and short training courses from reputable institutions globally including Harvard Business School, INSEAD and Wharton.

Mohammed Abdullah Al-Ali
Board member- Independent

Mr. Mohammed Al Ali has over 40 years of finance and accounting experience which included responsibility for Saudi Aramco’s global accounting activities and financial controls, managing corporate financial records, and developing and maintain programs to assist management in monitoring and evaluating corporate performance. Mr. Mohammed used to be the Former Senior Vice President of Finance at Saudi Aramco. He served on several of the company’s executive committees too. Mohammed experience also includes memberships on boards of directors for a variety of Saudi Aramco subsidiary and joint venture entities responsible for shipping, refining, petrochemicals and sales and marketing activities. Mr Al-Ali earned his Bachelor’s Degree in Accounting from the University of Texas at Arlington and his Master’s Degree in Business Administration from Denver University. Mr. Al-Ali also used to be on the Board of The Saudi Investment Bank since July 2014 till March 2022, while he also had the privilege of being the Second Chairman of GCC Board Directors Institute between the period 2010-2014. Currently he serves in the Board of Saudi Energy Efficiency Centre and Chairman of audit and risk committee . He is also a Board Member and Chairman of the Audit Committee of Tarsheed.

Khaled Abdulaziz Alrayes, CFA
Board Member - Chief Executive Officer

Mr. Khaled Alrayes is the CEO of Alistithmar Capital. He joined Alistithmar Capital in April 2018 and has nearly 19 years of career experience, including Investment Management, Investment Banking, Direct Investments and Private Equity. Prior to joining Alistithmar Capital, he was the Chief Investment Officer of Aseer Company, a multi-investment publicly traded company, managing a diversified portfolio of investments including: Direct Investments, Private Equity, Public Equity, and Real Estate. Prior to that, he was a Director at the investment banking vertical of Al Rajhi Capital. He also worked as a Manager at the investment banking division of Alistithmar Capital. He successfully closed multiple rights issue, private placement, merger & acquisition, and restructuring transactions for companies in various sectors. He served in a number of boards and board committees for LLC/CJSC in various sectors including: food and beverage processing, real estate, packaging, private equity, and others. Khaled holds an MBA and an MS in Finance from the University of Denver, Colorado, and is a CFA charter-holder.

Shankar Chattanathan
Chief corporate performance officer

Mr. Shankar Chattanathan is the Chief Corporate Performance Officer since 1st of October 2024.

He was Advisor to the Chief Financial Officer of the Saudi Investment Bank (SAIB) since May 2023. Prior to this, he was the CFO for the Saudi Investment Bank from March 2021 to April 2023 and he was also General Manager of Operations from September 2009 to April 2016. 

Prior to joining SAIB, he held the roles of Head of Operations in different Banks in the Middle East and senior operations roles at Citibank in India. Mr. Chattanathan has more than 30 years of experience in the Banking industry. He is an Associate member of the Institute of Chartered Accountants in India, as well as a Cost Accountant. Mr. Shankar is an Audit Committee Member at Alistithmar Capital since 2020.

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Khaled Abdulaziz Alrayes, CFA
Board Member - Chief Executive Officer

Mr. Khaled Alrayes is the CEO of Alistithmar Capital. He joined Alistithmar Capital in April 2018 and has nearly 19 years of career experience, including Investment Management, Investment Banking, Direct Investments and Private Equity. Prior to joining Alistithmar Capital, he was the Chief Investment Officer of Aseer Company, a multi-investment publicly traded company, managing a diversified portfolio of investments including: Direct Investments, Private Equity, Public Equity, and Real Estate. Prior to that, he was a Director at the investment banking vertical of Al Rajhi Capital. He also worked as a Manager at the investment banking division of Alistithmar Capital. He successfully closed multiple rights issue, private placement, merger & acquisition, and restructuring transactions for companies in various sectors. He served in a number of boards and board committees for LLC/CJSC in various sectors including: food and beverage processing, real estate, packaging, private equity, and others. Khaled holds an MBA and an MS in Finance from the University of Denver, Colorado, and is a CFA charter-holder.

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Waleed AlNekhaish
Head of Asset Management

 Waleed joined Alistithmar Capital in Jan 2023 as the Head of Asset Management, he is managing the asset management team that over sees the management of public funds and private mandates that range from money markets, equities, fixed income, etc. Waleed has more than 18 years of experience in formulating strategic investment plans, building and managing portfolios and funds. He has a Bachelor degree of Science in Finance from Prince Sultan University.

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ATEEGI AL-ATIKI
Head of Brokerage & Margin Lending

Ateegi Alatiki is the Head of Brokerage & Margin Lending at Alistithmar Capital. He joined Alistithmar capital in 2023. Ateegi is an investment professional with over 15 years of professional investment experience with local, international and regional investment companies where he held various roles within Asset Management, Institutional Brokerage and Access products with main focus on Equities Trading and Execution Ateegi is responsible for managing both the Brokerage and the Margin Lending departments, providing services in the local securities market, selected international securities markets, Murabaha financing and overdraft facilities. 

Ateegi holds a Bachelors of Science degree from University of Wisconsin in the U.S.A.

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Ali Odhwani
Head of Internal Audit

Ali joined SAIB BNP Paribas Asset Management Company (which was then merged with Alistithmar Capital) in 2011 and is now the Head of Internal Audit. Ali plays a critical role in delivering the organization’s strategy by objectively assessing the adequacy of governance, risk management and internal control system. With over 19 years of experience, he has previously established Internal Audit divisions in entities at country and regional level. During this period, he held several positions, viz., Regional Head of Audit - East Africa & Head of Internal Audit, Pakistan for agencies within the Aga Khan Development Network headquartered in Geneva, and Deputy Head of Audit for Telenor Microfinance Bank, Pakistan. Ali has also worked as external auditor with Ernst & Young (EY) in Pakistan for over 4 years, specializing in financial institution audits. Being trained in corporate strategy including KPIs and Balanced Scorecards, Ali ensures alignment and infusion of internal control processes into strategy development and monitoring models. Ali is a Chartered Certified Accountant (ACCA) from UK and a Certified Internal Auditor by the Institute of Internal Auditors, US. He also holds a PGD in Organizational Leadership from University of Oxford, UK and Bachelors in Commerce from University of Karachi, Pakistan.

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Maha Alomairi
Head of Shared Services

Maha joined Alistithmar Capital in Aug 2021 as the Head of Human Resources and became Head of Shared Services in March 2022. Maha has over 14 years of experience in Operations Management, Financial Analysis and Human Recourse Management. Prior to joining Alistithmar Capital Maha held various positions in Saudi Investment Bank (SAIB) since 2012 the most recent of which was Head of HR services. Maha holds a Bachelor’s degree in Banking and Financial from Ahlia University, Bahrain.

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Navindra Rajapakshe
Head of Information Technology

Navindra joined Alistithmar Capital in Mar 2020 and is the Head of Information Technology. He is responsible for the functioning and high availability of systems used by Brokerage, Asset Management, Investment Banking and Real Estate groups within Alistithmar Capital. He also fulfils strategic needs of business groups by translating the technology requirements into well executed projects.  Navindra’s duties include leveraging technology to improve efficiency, effectiveness and growth and enforcing sound IT processes within laid out information security policies and compliance framework.

He carries over 16   years of extensive cross-functional experience in delivering IT strategy. Navindra holds MBA from University of Sri Jayewardenepura, Sri Lanka.

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Mutaib Bin Shaman
Head of Brokerage & Asset Management Operations

Mutaib, Head of Brokerage & Asset Management Operations at Alistithmar Capital, has been appointed in 2018. He has more than 22 years of experience in investment operations and custody services in the financial services sector with local and CGG companies.

Mutaib is instrumental in managing and overseeing operations of local and international brokerage services, asset management and custody at Alistithmar Capital, ensuring the delivery of high-quality financial solutions.

He holds a Bachelor’s degree in Marketing from King Abdulaziz University, And holds advance certificates in the fields of technology, management and finance.

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Zahoor Amanullah, FCA, FCMA – CFO
Chief Financial Officer

Zahoor is the CFO at Alistithmar Capital.  He joined Alistithmar Capital in January 2012. 

Zahoor has more than 30 years of experience in finance and accounting field. 

Prior to joining Alistithmar Capital, he held numerous leaderships positions in multiple organizations, including the position of CFO at SAIB BNP Paribas Asset Management in KSA, the position of CFO & Company Secretary at PICIC Asset Management Company Limited in Pakistan and the position of Finance Manager at Pak Asian Fund. Ltd in Pakistan.

Zahoor is a Chartered Accountant and Cost & Management Accountant from Pakistan and currently holds fellow membership of Institute of Chartered Accountants of Pakistan and Institute of Cost & Management Accountants of Pakistan.


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Omar Khani
Head of Investment Banking

Omar joined Alistithmar Capital in 2024 as Head of Investment Banking. He leads the team responsible for executing Equity Capital Markets (ECM), Debt Capital Market (DCM), Mergers and Acquisitions (M&A), Private Placements and Strategic Advisory. Prior to joining Alistithmar Capital, Omar held various positions at several local and regional banks and investment companies. Where he advised and executed a wide range of transactions, including IPOs, Rights Issues, Sukuk and M&As.

Omar holds a Bachelor's degree of Business Administration from Eastern Michigan University, USA

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Hisham Alhagbani
Head of Compliance & AML/CTF

Hisham is overseeing the compliance, AML/CTF areas at Alistithmar Capital. He Joined ICAP in 2025 and has more than 10 years of experience in Compliance, AML/CTF, Operational Risk and Corporate Governance in Banking and Asset Management industries. Prior to joining Alistithmar Capital, he worked for ANB Capital as Acting Head of Compliance & AML. 

Hisham holds a BA in Business Administration from King Faisal University. 

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Mazhar Khan
Chief Risk Officer

Mazhar Khan is the Chief Risk Officer at Alistithmar Capital. He is responsible for the management and control of market, credit and operational risk exposures arising through all business activities. In addition, within the broad scope of Risk Management, he is also responsible for the Credit Administration and Information Security functions of ICAP from an overall risk control perspective. He previously held Head of Risk positions in various Capital Market Institutions, and has 17 plus years of experience across Brokerage, Margin Lending Business, Asset Management, Investment Banking, Company valuation, Quantitative Analytics, Private Equity, Banking & Financial services industry. He joined Alistithmar Capital in February 2025. 

Sharia Governance:

In line to comply with Sharia governance general practices requirements and legislation issued by the Capital Market Authority.

To achieve this, ICAP have appointed Sharia Review Bureau (“SRB”) to adhere to the best practices and guidelines required for Sharia Governance.

SRB will undertake the tasks of managing Sharia discussions related to the company activities, structuring products, and issuing Sharia reports, in addition to working to raise the level of compliance with Sharia controls and standards in the Company.

Alistithmar Capital provides its customers with a number of Shariah Compliant Investment products which includes Shariah Compliant Funds, Murabaha, Equity and Structured products.

SRB will ensure the complete independence of the committee members, making the decision-making and Sharia confirmation processes effective.

Sharia Committee:

For the purpose of effective Sharia governance and supervision, two renowned and qualified Sharia scholars have been assigned. The Sharia Committee independently issues pronouncements, and these rulings are binding on us. The names of the Sharia Committee members are provided below:

Sheikh Dr. Salah Fahad Al Shalhoob
Chairman

A Sharia scholar who procured his PhD from Edinburgh University (UK) and Masters from Imam Muhammad bin Saud Islamic University (KSA). He has led a broad range of engagements in the US, Europe, and the GCC, focusing on banking and investment products, real-estate acquisitions, Islamic Insurance management, listed securities, and private equity fund. His product-based experience spans sukuks, home mortages, leasing, and SME Financing and asset management transactions.

He wrote many research and articles related to the Islamic banking sector that were published in many newspapers, most notably Al-Eqtisadiah newspaper.

Shaikh Dr. Sulaiman bin Muhammad Al-Juwaiser
Member

A Sharia advisor. He has acquired his master’s and doctorate degree in Sharia from Imam Muhammad bin Saud Islamic University, Kingdom of Saudi Arabia. In addition to this, he holds several professional certificates in Islamic Banking and Takaful insurance and has actively contributed by presenting innovative financial products.