About us - anbcapital
anb capital, a wholly owned subsidiary of anb, is a Saudi capital market institution regulated by the Capital Market Authority (“CMA”). anb capital has been providing investment management, investment advisory, brokerage, and related products and services to its clients since 2008 under CMA license no. 07072-37 dated 19/06/1428 H corresponding to 05/07/2007.
anb capital's activities include dealing in securities, arranging corporate finance transactions, advising clients on investments, maintaining custody of securities, managing our clients’ investments, and managing funds that invest in different types of securities or asset classes. anb capital commenced its operations in January 2008 and our paid-up capital as of 30 June 2022 was SAR 1,000 million.
We offer a full spectrum of investment services, conventional and Shariah-compliant, to all client categories including private & institutional investors. We strive for excellence in achieving our clients' objectives, which in turn requires continuous investment in our people and infrastructure, leading to long-term growth in profitability for our shareholders.
We are headquartered in Riyadh with investment centers located across the Kingdom.
I would like to thank you for visiting our website and taking the time to get to know our company.
Building upon our recent successes, we had another strong year in 2023, where we continued to grow our revenues and profits. Despite the challenges presented by a high interest rate environment and low trading volumes, we persevered through prudent fiscal and financial management, while also achieving further milestones in our business lines.
We were particularly active in the capital markets in 2023, having advised on three high profile transactions during the year. In the first transaction, we acted as exclusive financial adviser to Saudi Tabreed District Cooling Company on a sale of equity to the PIF. In the second transaction, we were exclusive financial adviser to Tamimi Markets on a sale of equity, also to the PIF. We then also acted as exclusive financial adviser to Tamimi Markets on the acquisition of Al Raya Stores, marking Tamimi Markets’ expansion into the Western region of the Kingdom. With a number of transactions on the way for some of the leading Saudi companies as clients, anb capital has truly begun to make its mark in the Saudi capital markets.
We also launched three new public mutual funds during the year, the anb capital Opportunistic Fund, the anb capital Opportunistic Fund (Shariah) and the anb capital Dividends Fund (Shariah). All our equity funds outperformed the market, while our money market fund was the top performer in its category for the year, as reported by the Saudi Stock Exchange.
Our real estate business continued to lead with the launch of three new funds focused on developments in Riyadh and Qassim, taking our total real estate funds under management to above SAR 12 billion. We also monetized the assets of Al Mubarak Real Estate Income Fund II, which owned Riyadh Gallery Mall, and generated significant alpha for unitholders.
Notwithstanding the successes of 2023, we are even more positive about our outlook in 2024. Against the backdrop of capital market activity picking up, our investment banking, asset management, capital markets and real estate business lines are positioned to take full advantage of the opportunities present in the Saudi economy. We are fully committed to the Kingdom and its national aspirations.
I would again like to thank all our clients for their continued loyalty and trust in us. Thank you for joining us on our journey.
Warmly,
Khalid Saleh Al-Ghamdi
Comprising leaders from the Saudi business landscape, our board oversees strategy formation, provides guidance to the Executive Management, and brings industry insights and relationships to us that have proven to be invaluable over time.
Ms. Al-Kuwaiz’s experience encompasses managing partner and co-founder roles at many Saudi companies as well as an academic position at King Saud University where she was a lecturer. She was previously the board member, partner and CFO of Osool Capital, the first independent licensed brokerage firm in Saudi Arabia. In 2011, Ms. Al-Kuwaiz was named among the most powerful Arab women by Arabian Business.
Our leadership team drives a culture that facilitates employee empowerment and growth, as we truly believe that our people are the foundation of our success.
Khalid has been CEO of anb capital since May 2021, and brings with him more than 25 years of investment banking experience with more than USD 65 billion of transactions completed in Saudi Arabia. He is also a member of the board of directors, and is leading anb capital’s resurgence in the Saudi capital markets, aligned with the aspirations of Vision 2030 for Saudi Arabia’s financial services sector.
We pride ourselves on bringing together one of the best executive teams in Saudi Arabia and on recruiting best-in-class talent from the Kingdom and abroad. We boast a diverse and cosmopolitan culture where ideas are encouraged as we build investment management and financial structuring solutions for our clients.
We are committed to providing our employees with the professional development opportunities they need to build exceptional careers.
The success of our business is dependent on the quality, expertise and skills of our people. Our people are committed to our clients. Client confidence is earned through demonstrated performance and integrity at all times.
anb capital Company (CJS) is authorized by the Capital Market Authority Number 07072-37 Unified number 7001548267. P.O. Box: 220009 Riyadh 11311 Kingdom of Saudi Arabia.
