Alistithmar Capital: strategy and vision

Hesham Abo Jamee, CEO of Alistithmar Capital talks about the strategy for the company.

Can you talk about your strategy for the company?

Alistithmar Capital is owned 100% by the Saudi Investment Bank. Alistithmar in Arabic means investment. We are a fully-fledged company. Three years ago, when I joined the company, we rebuilt it with the team.

Three years ago we were number ten in terms of total traded value and today we are number five or six, with about 8% of market, in addition to the global brokerage which reached 11%. In terms of asset management this year we were number one or two for our performance in the local equity fund management. We launched two real estate funds in early 2015.

Also two years ago we launched a new department for corporate finance. It is a young company. We are the fastest growing company in the Kingdom now as a bank affiliate company. We have a five year strategy up until 2019. Our aim is to be one of the best companies in the Kingdom based on market share, performance, creativity, funds and corporate finance.

Regarding the performance of your funds…

We are number one or number two for most of our funds. It is based on the alpha. The market has decreased by 10% now while we have a 1% increase. The alpha is your performance against the benchmark. The benchmark declines by 10% while we are up 1%.

Alistithmar Capital is a Saudi closed joint stock company, and a subsidiary of The Saudi Investment Bank. Alistithmar Capital was granted a license by the Capital Market Authority (CMA) on 25 Sep 2011 (license number 37_11156). It was also formally established and registered by the Saudi Arabian Ministry of Commerce and Industry on 22 July 2007 (Commercial Registration number: 1010235995). In 2011 Alistithmar Capital was merged with SAIB BNP Paribas Asset Management Company (a subsidiary of The Saudi Investment Bank).