Alinma Investment
Saudi investment company, formerly Alinma Investment, owned by Alinma. It manages public and private funds and offers brokerage, investment banking and custody, and reported nearly 28 billion US dollars under management at the end of 2025.
Industry: Asset management, brokerage and investment banking | Location: Saudi Arabia | Founded: 2009
About Alinma Investment
Alinma Capital, which operated as Alinma Investment until it was renamed in February 2025, is a Saudi Arabian investment company that offers Sharia-compliant asset management, brokerage, investment banking, wealth management and custody services. Its website describes it as a closed joint-stock company owned by Alinma, the bank group it belongs to. The Capital Market Authority licence shown on its website is number 37-09134.
The company says Alinma set it up with a capital of 1 billion Saudi riyals, of which 500 million riyals was paid up. Its website gives the Capital Market Authority licence date as 2009 and says it began operating in January 2010. Anees Ahmed Moumina has chaired the board since December 2023, and Abdullah Ali AlKhalifa, who is also chief executive of Alinma Bank, is vice chairman. Mazin Fawaz Baghdadi, who joined in 2016, has been chief executive and managing director since January 2020. He previously worked at Riyad Bank, Saudi Fransi Capital and HSBC Saudi Arabia.
Its products include public and private investment funds, private portfolios, endowment funds, real estate and private equity funds, real estate investment trusts and the Alinma Saudi Government Sukuk ETF Fund. Clients trade through the Tadawul platform for local markets and the Alinma International platform for global markets.
Forbes Middle East reported in July 2026 that Alinma Capital managed nearly 28 billion US dollars at the end of 2025, up 16 percent from 24 billion dollars in 2024, and ranked it fifth among Middle East asset managers; the 2025 list had ranked it sixth. The company's website cites assets under management above 105 billion riyals.
The Argaam Appreciation Award for 2025 went to the Alinma Emerging Markets Equity Fund in the global equity category, and the Sanadeq Media Group gave the company five awards in September 2026. In August 2025 it announced completion of the individual investor offering for Marketing Home Group Company. In August 2026 TechScoop reported that Saudi Azm had appointed Alinma Investment as its financial advisor on a proposed acquisition.
Leadership
- Mazin Fawaz Baghdadi, Chief Executive Officer and Managing Director
- Anees Ahmed Moumina, Chairman of the Board
- Abdullah Ali AlKhalifa, Vice Chairman
- Fahad Abdullah Moussa, Independent Board Member
- Jameel Naif Alhamdan, Non-Independent Board Member
- Walid Abdulaziz bin Ghaith, Independent Board Member