Alawwal Capital Company Profile

Background

Alawwal Capital is a Saudi joint stock company specializing in financial and investment services. Established in 2008 under the leadership of Dr. Saleh Jameel Malaikah, the company operates with a paid-up capital of 50 million Saudi Riyals and is licensed by the Saudi Capital Market Authority (License No. 14178-37).

The company's mission is to develop resources within Islamic societies, safeguard earnings, and preserve wealth for future generations. Alawwal Capital aims to play a pivotal role in achieving investment and financing objectives for both companies and individuals, aligning with the rapid pace of the global economy.

Key Strategic Focus

Alawwal Capital's strategic focus encompasses:

Wealth and Asset Management: Offering tailored investment solutions to meet diverse client needs.

Investment Services: Providing a range of Sharia-compliant investment products.

Financing Arrangements: Facilitating funding solutions for various projects and companies.

Financial Advisory: Delivering expert advice on financial planning and strategy.

Business Development Services: Assisting in the growth and expansion of client businesses.

The company emphasizes the development of Sharia-compliant financial products and services, targeting both individual and corporate clients within the Kingdom of Saudi Arabia and the broader GCC region.

Financials and Funding

Alawwal Capital operates with a paid-up capital of 50 million Saudi Riyals. Specific details regarding additional funding rounds, notable investors, or capital utilization strategies are not publicly disclosed.

Pipeline Development

The company offers several key investment products, including:

Saudi Riyal Murabaha Fund: Aims to achieve capital growth through investments in Sharia-compliant instruments.

Saudi Stock Market Fund: Focuses on investing in top-performing Saudi companies listed on the Saudi stock market.

Periodical Income Fund: Designed to provide regular income to investors through diversified investments.

These funds are structured to meet the diverse needs of investors seeking Sharia-compliant investment opportunities.

Technological Platform and Innovation

Alawwal Capital has integrated advanced technological platforms to enhance its service offerings. Notably, the company has partnered with International Turnkey Systems (ITS) to implement the ETHIX Total Solution and ETHIX Investment Solution. This integration aims to unify all investment activities into a single, Sharia-compliant platform, thereby improving operational efficiency and client service.

Leadership Team

Mr. Adnan Mohammed Talmisany: Managing Director with over 30 years of experience in banking and financial services, specializing in investment portfolios, business consultations, and financial product development.

Mr. Faisal Saleh Malaikah: Chief Executive Officer with over 12 years in corporate finance and investment banking, holding a bachelor's degree in Finance from the American University of Beirut.

Mr. Samir Albehais: Vice President of Real Estate Funds, possessing over 18 years of experience in Islamic banking and investment product development.

Mr. Ahmed M. Elatta: Vice President of Corporate Governance and Risk Management, with more than 10 years in quality control, risk analysis, and forecasting.

Mr. Mansoor S. AlSufiani: Compliance and MLR Officer, bringing over 11 years of experience in human resources management and administrative affairs.

Leadership Changes

As of the latest available information, there have been no recent significant changes or appointments within Alawwal Capital's leadership team.

Competitor Profile

Market Insights and Dynamics

The financial services sector in Saudi Arabia is experiencing significant growth, driven by economic diversification efforts under Vision 2030. The emphasis on developing the financial sector has led to increased competition among investment firms offering Sharia-compliant products and services.

Competitor Analysis

Key competitors in the Saudi financial services market include:

Sahm Capital: A brokerage firm licensed by the Saudi Capital Market Authority, offering comprehensive trading solutions and innovative fintech products.

Old Mutual: An international investment, savings, insurance, and banking group with a presence in various markets.

Ping An: A Chinese conglomerate offering a wide range of financial services, including insurance, banking, and asset management.

Northwestern Mutual: A U.S.-based financial services organization specializing in insurance and investment products.

Commonwealth Bank: An Australian multinational bank providing a broad spectrum of financial services.

Marsh & McLennan Companies: A global professional services firm offering risk, strategy, and people solutions.

Wells Fargo: A U.S.-based financial services company with operations in banking, investment, and mortgage products.

Capital One: A U.S.-based bank specializing in credit cards, auto loans, banking, and savings accounts.

Strategic Collaborations and Partnerships

Alawwal Capital has engaged in strategic partnerships to enhance its market position and service offerings:

iGate Partnership: In March 2024, Alawwal Capital signed a memorandum of understanding with iGate to finance and accelerate the growth of technology and innovation startups in Saudi Arabia. This collaboration aligns with the Kingdom's Vision 2030 investment goals.

ITS Agreement: The company partnered with International Turnkey Systems (ITS) to implement the ETHIX Total Solution and ETHIX Investment Solution, aiming to unify all investment activities into a single, Sharia-compliant platform.

Operational Insights

Alawwal Capital differentiates itself through its commitment to Sharia-compliant financial products and services, catering to both individual and corporate clients. The company's strategic partnerships and technological integrations position it competitively within the Saudi financial services sector.

Strategic Opportunities and Future Directions

Looking ahead, Alawwal Capital is poised to capitalize on the growing demand for Sharia-compliant investment products in Saudi Arabia. The company's focus on technological innovation and strategic partnerships aligns with the Kingdom's Vision 2030 objectives, presenting opportunities for expansion and enhanced service offerings.