{"id":3201,"date":"2024-04-15T13:11:40","date_gmt":"2024-04-15T11:11:40","guid":{"rendered":"https:\/\/sahfy.net\/news\/?p=3201"},"modified":"2024-04-15T13:11:40","modified_gmt":"2024-04-15T11:11:40","slug":"forbes-middle-east-unveils-the-middle-easts-top-30-asset-managers-2024","status":"publish","type":"post","link":"https:\/\/sahfy.net\/news\/?p=3201&lang=en","title":{"rendered":"Forbes Middle East Unveils The Middle East\u2019s Top 30 Asset Managers 2024"},"content":{"rendered":"

Forbes Middle East has unveiled its Top 30 Asset Managers ranking, highlighting the region\u2019s specialists offering investors an avenue to diversify their portfolios, access professional management expertise, and participate in the region\u2019s economic growth story. Combined, the 30 asset managers oversaw more than $340 billion in assets in 2023, including local and international equity and debt funds, discretionary portfolios, real estate investments, REITS, and private equity. Individuals were ranked based on their past experiences, key achievements in the last year, and the firm\u2019s total assets under management (AUM).<\/p>\n

Rashed Sharif, CEO of SNB Capital, topped the list, controlling $65.6 billion in AUM as of December 2023. SNB Capital was a joint lead manager of the debt issuance of Saudi\u2019s Ministry of Finance in 2023. Sharif became chairman of the CMA Capital Market Institutions Committee and a member of the CMA Advisory Committee in 2023. Investcorp\u2019s Mohammed Alardhi placed second, managing $52.2 billion in AUM as of December 2023. Ranking third, Alinma Investment\u2019s Mazin Fawaz Baghdadi recorded $22.3 billion in assets as of December 2023.<\/p>\n

The list features leaders of both independent asset management firms as well as the investment arms of financial institutions. Of the 30 top asset managers, 16 are from subsidiaries of banks, and 14 head independent asset management firms. Those representing sovereign wealth funds and private or family offices were excluded from the list.<\/p>\n

Asset managers from Saudi Arabia \u2013 home to the region\u2019s biggest stock exchange \u2013 dominate the list with 14 of the 30 entries based in the kingdom. Kuwait followed with five entries and the U.A.E. had four.<\/p>\n

Last year saw asset managers playing a crucial part in debt and sukuk issuances, whether to conglomerates or governments. Al Rajhi Capital served as the sole local bank and joint arranger for the $3.5 billion PIF Sukuk issuance. Whereas Saudi Fransi Capital was the joint lead manager for the $2 billion green and conventional sukuk issuance of Saudi Electricity Company.<\/p>\n

In Q4 2023, 19 IPOs raised $4.9 billion in proceeds. The ADES Holding Company raised the most funds and contributed 25% of the overall IPO proceeds in Q4, followed by PureHealth Holding with 20%. Most of the listing activity occurred in the GCC.<\/p>\n\n\n\n\n\n
The Middle East’s Top 30 Asset Managers: HQ Breakdown<\/strong><\/td>\n<\/tr>\n
Saudi Arabia<\/td>\n14<\/td>\nU.A.E.<\/td>\n4<\/td>\nEgypt<\/td>\n2<\/td>\nQatar<\/td>\n1<\/td>\n<\/tr>\n
Kuwait<\/td>\n5<\/td>\nBahrain<\/td>\n3<\/td>\nMorocco<\/td>\n1<\/td>\n <\/td>\n <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/strong>The Middle East’s Top 10 Asset<\/strong> Managers <\/strong>2024<\/strong><\/p>\n

1 | Rashed Sharif<\/p>\n

CEO, <\/em>SNB Capital\u00a0\u00a0\u00a0 <\/em><\/p>\n

HQ: <\/strong>Saudi Arabia<\/p>\n

2 | Mohammed Alardhi<\/p>\n

Executive Chairman, Investcorp<\/em><\/p>\n

HQ: <\/strong>Bahrain<\/p>\n

3 | Mazin Fawaz Baghdadi<\/p>\n

CEO & Managing Director, Alinma Investment <\/em><\/p>\n

HQ: <\/strong>Saudi Arabia<\/p>\n

4 | Abdullah Abdulrahman Alshwer<\/p>\n

CEO, Riyad Capital <\/em><\/p>\n

HQ: <\/strong>Saudi Arabia<\/p>\n

5 | Hisham Alrayes<\/p>\n

Group CEO, GFH Financial Group (GFH)<\/em><\/p>\n

HQ: <\/strong>Bahrain<\/p>\n

6 | Waleed AlRashed AlHumaid<\/p>\n

CEO, Al Rajhi Capital <\/em><\/p>\n

HQ: <\/strong>Saudi Arabia<\/p>\n

7 | Faisal Mansour Sarkhou<\/p>\n

CEO, <\/em>Kamco Invest<\/em><\/p>\n

HQ: <\/strong>Kuwait<\/p>\n

8 | Tariq Al-Sudairy<\/p>\n

Managing Director & CEO, <\/em>Jadwa Investment <\/em><\/p>\n

HQ: <\/strong>Saudi Arabia<\/p>\n

9 | Karim Awad<\/p>\n

Group CEO, EFG Hermes & Chairman of the Executive Committee, EFG Holding<\/em><\/p>\n

HQ: <\/strong>Egypt<\/p>\n

10 | Reda Hilali<\/p>\n

CEO, Wafa Gestion <\/em><\/p>\n

HQ: <\/strong>Morocco<\/p>\n

Click here<\/em><\/strong><\/a> for the complete ranking of<\/em><\/strong> The Middle East’s Top 30 Asset Managers 2024.\u00a0 <\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Forbes Middle East has unveiled its Top 30 Asset Managers ranking, highlighting the region\u2019s specialists offering investors an avenue to diversify their portfolios, access professional management expertise, and participate in the region\u2019s economic growth story. Combined, the 30 asset managers oversaw more than $340 billion in assets in 2023, including local and international equity and […]<\/p>\n","protected":false},"author":3,"featured_media":3202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[91,39,168,83,130,43,87,3720,15,3718,3714,119,3716],"tags":[1606,698,2808,1000,1276],"class_list":["post-3201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-arab-countries-en","category-business-economy-en","category-country","category-egypt-en","category-featured-en","category-finance-investment-en","category-gcc-en","category-kuwait","category-press-releases","category-qatar","category-saudi","category-success-stories","category-uae","tag-business-results","tag-dubai","tag-forbes-middle-east","tag-investment","tag-investors"],"yoast_head":"\nForbes Middle East Unveils The Middle East\u2019s Top 30 Asset Managers 2024 - sahfy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sahfy.net\/news\/?p=3201&lang=en\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forbes Middle East Unveils The Middle East\u2019s Top 30 Asset Managers 2024 - sahfy\" \/>\n<meta property=\"og:description\" content=\"Forbes Middle East has unveiled its Top 30 Asset Managers ranking, highlighting the region\u2019s specialists offering investors an avenue to diversify their portfolios, access professional management expertise, and participate in the region\u2019s economic growth story. Combined, the 30 asset managers oversaw more than $340 billion in assets in 2023, including local and international equity and […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sahfy.net\/news\/?p=3201&lang=en\" \/>\n<meta property=\"og:site_name\" content=\"sahfy\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T11:11:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sahfy.net\/news\/wp-content\/uploads\/2024\/04\/\u0641\u0648\u0631\u0628\u0633-\u0627\u0644\u0634\u0631\u0642-\u0627\u0644\u0623\u0648\u0633\u0637-1-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1396\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sahfy Sahfy\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u0643\u064f\u062a\u0628 \u0628\u0648\u0627\u0633\u0637\u0629\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sahfy Sahfy\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u0648\u0642\u062a \u0627\u0644\u0642\u0631\u0627\u0621\u0629 \u0627\u0644\u0645\u064f\u0642\u062f\u0651\u0631\" \/>\n\t<meta name=\"twitter:data2\" content=\"\u062f\u0642\u064a\u0642\u062a\u0627\u0646\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/sahfy.net\/news\/?p=3201&lang=en#article\",\"isPartOf\":{\"@id\":\"https:\/\/sahfy.net\/news\/?p=3201&lang=en\"},\"author\":{\"name\":\"Sahfy Sahfy\",\"@id\":\"https:\/\/sahfy.net\/news\/#\/schema\/person\/e010cfaee71765ed4f2af1e54f173967\"},\"headline\":\"Forbes Middle East Unveils The Middle East\u2019s Top 30 Asset Managers 2024\",\"datePublished\":\"2024-04-15T11:11:40+00:00\",\"dateModified\":\"2024-04-15T11:11:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/sahfy.net\/news\/?p=3201&lang=en\"},\"wordCount\":498,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/sahfy.net\/news\/#organization\"},\"keywords\":[\"Business results\",\"Dubai\u2019\",\"Forbes Middle East\",\"investment\",\"investors\"],\"articleSection\":[\"Arab countries\",\"Business & Economy\",\"country\",\"Egypt\",\"Featured\",\"Finance & Investment\",\"GCC\",\"Kuwait\",\"Press Releases\",\"Qatar\",\"Saudi Arabia\",\"Success stories\",\"United Arab Emirates -UAE\"],\"inLanguage\":\"ar\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/sahfy.net\/news\/?p=3201&lang=en#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sahfy.net\/news\/?p=3201&lang=en\",\"url\":\"https:\/\/sahfy.net\/news\/?p=3201&lang=en\",\"name\":\"Forbes Middle East Unveils The Middle East\u2019s Top 30 Asset Managers 2024 - 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