AlRajhi United

AlRajhi United

AlRajhi United was founded in 2010 as an investment firm owned by a subset of the AlRajhi family. The family established AlRajhi Bank, one of the world's largest Islamic banks. The firm states its mission as prudent investment to maximize value for shareholders, team, partners and society while preserving wealth across generations. The firm invests in public equities through bottom-up fundamental research, private equity and venture capital directly and via fund managers, and real estate spanning commercial, hospitality, residential and industrial assets. Confirmed geographies include Asia, Europe, Middle East & Central Asia and North America. Partnerships include a SAR 1 billion hotel apartments project at Masar Destination in Makkah with Umm Al Qura for Development and Construction and 1,085 villas in the Wajhat Al-Gharb project in Medina with National Housing Company. No public data exists on total professionals or assets under management. The firm lists additional real estate holdings such as Al Rawda Residences, Villas Al Basateen and Retaj Alshisha Hotel. Bassam Abdulaziz Noor, a former senior executive directing international and alternative real estate investments, left to become CEO of SICO Capital effective January 2024. AlRajhi United operates as a dedicated single-family office rather than a multi-client platform. Governance ties link it to other family vehicles including AlRajhi Partners and Alrajhi Holding Group, with shared board members and committee overlaps such as those noted in NADEC's 2023 annual report.