SNB Capital
Riyadh-based capital markets firm, a Capital Market Authority-licensed subsidiary of Saudi National Bank, covering asset management, wealth management, securities services and investment banking.
Industry: Asset management and investment banking | Location: Riyadh, Saudi Arabia | Founded: 2007
About SNB Capital
SNB Capital is a Saudi capital markets firm headquartered in Riyadh. Its website lists asset management, wealth management, securities services covering custody, clearing, brokerage and settlement, investment banking and principal investments as its business lines. The legal entity is SNB Capital Company, a Saudi joint stock company with paid-up capital of SAR 1.5 billion.
The Capital Market Authority licensed the firm on 24 December 2006 and it began operating on 25 June 2007, according to its website. Forbes Middle East says it was founded in 2007 as NCB Capital, the investment banking and asset management arm of National Commercial Bank, and was renamed SNB Capital in 2021 after Samba Capital and Investment Management merged with it. National Commercial Bank and Samba merged on 1 April 2021 to form Saudi National Bank, which Moody's identifies as SNB Capital's parent.
Rashed Sharif has been chief executive since February 2021. He previously headed local holding investments at the Public Investment Fund from 2017 to the end of 2020 and led the listing department at the Capital Market Authority from 2006 to 2013. Abdullah Abduljabbar, chief executive of Sanabil Investments, is chairman.
SNB Capital runs the AlAhli Tadawul online trading platform and manages funds that include AlAhli REIT Fund (1) and the Namaa Waqf Fund. A unit in the Dubai International Financial Centre oversees private funds. Forbes Middle East reports that it led the USD 1.9 billion ACWA rights issue in July 2025 and was joint financial advisor, bookrunner, underwriter and sole lead manager for the USD 323.4 million Nice One IPO in January 2025. In June 2022 it partnered with stc to manage the telecom company's employee savings plan. TechScoop reports that it co-led Tamara's USD 340 million Series C round with Sanabil Investments.
The firm said its assets under management were SAR 248 billion as of September 2024. Forbes Middle East put them at USD 70.1 billion in 2025. In a company release, Moody's upgraded SNB Capital to an A2 issuer rating with a stable outlook, citing its domestic market position and its integration with Saudi National Bank.
Leadership
- Rashed Sharif, Chief Executive Officer and Board member
- Abdullah Abduljabbar, Chairman
- Saud Bajbair, Vice Chairman
- Abdullah Alnahdi, Chief Financial Officer
- Naif Al-Saif, Chief Investment Officer
- Faisal Al-Ansi, Chief Operating Officer
- Loai Bafaqeeh, Chief Digital Officer
- Zaid Ghoul, Head of Investment Banking