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SNB Capital and Ehsan Launch SAR10bn IPO of New Charity Fund
SNB Capital, the largest asset manager and investment bank in Saudi Arabia, in collaboration with Ehsan, the National Platform for Charitable Work, announced today the Initial Public Offering (IPO) of the Ehsan Waqf Fund at a signing ceremony attended by SNB Capital Head of Asset Management Khalid Al-Burikan and Ehsan CEO Ibrahim Alhusaini.
The first of its kind in the Kingdom, the Ehsan Waqf Fund aims to raise SAR 10 billion (USD 2.6 billion) through the offering of shares at a nominal value of SAR 1 (USD 0.26) apiece, with a minimum subscription of SAR 100 (USD 26). The fund seeks to enhance participation in non-profit developmental investment by providing investors with a structured vehicle that enables them to support charitable initiatives while generating sustainable returns.
Commenting on the investment, SNB Capital Head of Asset Management Khalid Al-Burikan said, “We are proud to collaborate with Ehsan in launching the Ehsan Waqf Fund, offering investors a unique opportunity to support meaningful charitable initiatives while achieving long-term financial growth. This fund supports Vision 2030’s goal of fostering a sustainable financial sector by creating innovative investment solutions that contribute to the broader social and economic development of the Kingdom.”
Ehsan CEO Ibrahim Alhusaini said, “The Ehsan Waqf Fund is an important step in advancing our mission of enhancing community involvement in charitable and developmental activities. By collaborating with SNB Capital, we are able to offer a sustainable investment vehicle that not only supports the financial future of the beneficiary entities, but also maximizes the impact of charitable donations.
The fund's investment strategy is to achieve long-term capital growth through investments in small and mid-cap Saudi companies and Shariah-compliant asset classes that support the liquidity needs of fund beneficiaries, with a target distribution rate of no less than 3% of the fund’s yield.
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Ministry of Environment, Water and Agriculture Launches the “Namaa” Endowment Fund and Appoints SNB Capital as Fund Manager
The Ministry of Environment, Water and Agriculture has launched the “Namaa” Endowment Fund, an investment fund offered through a public offering and compliant with Sharia standards, with its units endowed to support nonprofit entities operating across the Kingdom’s environment, water, and agriculture ecosystem.
SNB Capital has been appointed as the fund manager, in a step that reinforces its pivotal role in developing the endowment sector by contributing to its transformation into a sustainable investment model.
The launch of the “Namaa” Endowment Fund aligns with the objectives of Vision 2030, as it aims to increase the contribution of the nonprofit sector to GDP and support the sustainability of the environment, water, and agriculture ecosystem. It also aims to channel capital toward environmental and developmental projects with measurable impact by preserving the endowment’s capital and reinvesting its returns.
This initiative reflects SNB Capital’s commitment to advancing the endowment sector through modern financial management tools that improve efficiency, reinforce economic impact, and deliver sustainable value in line with the goals of Saudi Vision 2030.
SNB Capital and Investcorp Announce Strategic Partnership
SNB Capital announces a strategic partnership with Investcorp Saudi Arabia Financial Investments Company (Investcorp), focused on cooperation across asset management, investment banking, and wealth management.
The partnership brings together SNB Capital’s strong investment banking expertise and capabilities in fund structuring and development with Investcorp’s global investment platform and deep experience across alternative asset classes.
The aim of the collaboration is to originate and capitalize on investment opportunities in Saudi Arabia and internationally, spanning private equity, real assets, and credit.
SNB Capital’s partnership with Investcorp allows the group to access compelling opportunities in priority sectors, support capital formation, and contribute meaningfully to the Kingdom’s ongoing economic transformation.
As Saudi Arabia’s growth accelerates, sectors such as technology, logistics, healthcare, and infrastructure are experiencing rapid expansion, creating compelling opportunities for strategic capital deployment that support long-term economic diversification, resilience, and global competitiveness.
Leveraging deep local market expertise, strong regulatory engagement, and a proven track record of structuring and executing landmark transactions, SNB Capital supports the advancement of Saudi Arabia’s capital markets, in line with the Kingdom’s Vision 2030 objectives.
