NCB Capital tops Saudi Arabia’s biggest asset managers with over $50bln

Riyadh – NCB Capital has recorded $50.4 billion worth of assets under management (AUM), topping Saudi Arabia’s 10 Biggest Asset Managers list by Forbes Middle East, according to a recent statement.

NCB Capital accounted for approximately 19.5% of the $132.2 billion total AUM of 30 entities in the region.

Alinma Investment and Riyad Capital followed with $18 billion each.

Al Rajhi Capital and Jadwa Investment came in the fourth and fifth places, respectively, with $13.3 billion and $8.6 billion worth of AUM.

Samba Capital ranked sixth with $5.9 billion, Alistithmar Capital was the seventh with $5.5 billion.

SEDCO Capital and Saudi Fransi Capital were in the eighth and ninth positions with $5.2 billion and $4.3 billion in AUM, respectively.

That last asset manager in the top 10 list was Al Khair Capital with $3 billion worth of AUM.

A total of 16 Saudi Arabia firms were in Forbes Middle East’s 30 Biggest Asset Managers 2021 list, registering cumulative AUM of $258.2 billion.