snb-capital Research by SuperAGI

Overview

SNB Capital is the largest asset manager in Saudi Arabia, operating as a subsidiary of the Saudi National Bank. It is a Saudi Joint Stock Company with a paid-up capital of SAR 1,000 million and is licensed by the Capital Market Authority to engage in investment activities such as dealing, advising, arranging, custody, and managing investments. The company also specializes in Shariah-compliant financial products and services.

Executive Leadership

Rashed Sharif - Chief Executive Officer: Leading SNB Capital since February 2021, Mr. Sharif's prior roles include the Head of Listing Department at the Capital Market Authority and Chief Executive Officer at another capital market institution. He is ranked #1 in Forbes Middle East Top 30 Asset Managers in 2024.

Abdullah Alnahdi - Chief Financial Officer: With SNB Capital since 2014, Mr. Alnahdi oversees financial planning and has previous experience with SABIC, Siemens, and Saudi Aramco. He holds a Bachelor's in Management Information Systems and an MBA, with certifications from CMA and SOCPA.

Abdullah Alghursan - Chief Legal and Governance Officer: Appointed in November 2023, Mr. Alghursan has over 20 years of legal experience, having previously held significant positions at Riyad Capital and Samba Capital.

Dana Al Husseini – Chief Human Capital Officer: Ms. Al Husseini has been with SNB Capital since January 2024, focusing on organizational culture and performance enhancement with over 17 years in talent management.

Khaled Al Braikan - Head of Asset Management: Leading the Asset Management team since 2014, Mr. Al Braikan has a deep understanding of GCC and global markets with past roles at HSBC and Samba Capital.

Business Operations

SNB Capital offers a range of services, including Asset Management, Wealth Management, Investment Banking, Brokerage Services, and Employee Savings programs. Recent initiatives involve:

Strategic Innovation: Partnership with Interactive Brokers for enhanced investment prospects and a 6.8% performance increase in business under its leadership.

Funds and Capital Management: Launch of a new oil and gas fund, raising over $230 million as of February 2024.

Strategic Alliances

An important strategic alliance with BNY Mellon allows SNB Capital to provide both global and local custody services, enhancing its securities and asset servicing offerings.

Recent Developments

SNB Capital has achieved significant milestones such as leading the Nice One's SAR 1.2 billion IPO in January 2025, and earning recognition as the Best Investment Bank in Saudi Arabia by Global Finance Magazine in 2025.

Key Competitors

1. Riyad Bank: Established in 1957 and headquartered in Riyadh, Riyad Bank ranks as the fourth largest in assets. It focuses on retail, investment, and corporate banking, and has advanced digital initiatives like contactless payments. Government ownership stands at 51%.

2. Saudi Awwal Bank (SAB): The third-largest bank in Saudi Arabia, SAB emerged from the merger of the Saudi British Bank and Alawwal Bank. It maintains a strong international presence and a partnership with HSBC Holdings.

3. Derayah Financial: A Riyadh-based investment firm specializing in digital investment solutions and brokerage services, known for empowering individual investors through innovative trading platforms.

4. Dnaneer: A fintech platform that connects investors with businesses through crowdfunding models, focusing on non-dilutive financing for tech enterprises.

5. Krossbo: An online platform facilitating private equity and venture capital investment, allowing participation in institutional-grade funds across markets.

Strategic Insights

In a competitive landscape, SNB Capital benefits from its strategic partnerships, particularly with BNY Mellon, to provide international asset management services. The company's focus on digital transformation and innovative product offerings will be instrumental in competing with technologically driven firms like Derayah Financial and fintech platforms like Dnaneer. Emphasizing growth within Shariah-compliant financial products can strengthen SNB Capital's position in line with national economic strategies.