Welcome to Anfaal Capital

Dear Valued Stakeholders,

The meaning of “Anfaal” refers to a treasure or bounty. The proposition is that by choosing Anfaal Capital as a financial intermediary, one invokes the promise to receive the desired bounty of financial returns, both for the Client and Anfaal Capital, thus delivering the true meaning of a "win-win" outcome.

It is my pleasure to be the chairman of Anfaal Capital’s board, with its diverse and extensively experienced members. Each partner, executive and board member is here to offer their own strategic skills to accomplish the mission of creating innovative investment banking and real estate investment products as well as providing customize financial solutions that deliver superior value to our stakeholders. Delivering the necessary services and support in order to provide you with greater returns, all while maintaining Shariah law compliance will pave the path for Anfaal to become the leading Islamic investment banking service provider in Saudi Arabia.

Board Chairman

To our Valued Stakeholders,

Anfaal Capital is honored to share the inauguration of our mission to create innovative investment banking and real estate investment products as well as customized financial solutions that will deliver superior value to you. Our core business activities include dealing (as principal), managing, advising and arranging of securities, along with custodial services.
With our partners ICD and Maybank-IB, collective assets and diverse experience, we are making high quality real estate and innovative alternative investments available to our investors from the Far East to the GCC region.
Together, as a team, we will realize our vision to become the leading investment banking service provider in Saudi Arabia.

CEO

Islamic Cooperation for the Development of Private Sector (“ICD”) – 37.8%

The Islamic Cooperation for the Development of Private Sector (ICD) was established in 1999 with an authorized capital of USD 4.0 billion and a membership of 58 member countries. ICD is 47% owned by IDB, a multilateral development bank which is consistently rated ‘AAA’ from international rating institutions: Fitch, S&P and Moody’s with assets of over USD 20 billion. Other shareholders are public financial institutions (9%) and member countries (44%).

ICD’s mandate is to be a major player in the development of the private sector as a vehicle for economic and social growth, and prosperity in Islamic countries.

Between 1999 and 2010, ICD’s net cumulative approvals stood at 201 projects for US$1.8 billion in 33 countries. The bulk of the financing targeted the industrial sector (33%); followed by the financial sector (29%); real estate (13%); the oil and gas sector (6%) and the transportation sector (6%)

ICD supports the development of member countries by investing in companies seeking capital expansion. ICD also provides term financing for Greenfield and Brownfield projects in healthcare, infrastructure & real estate, ICT and industrial sectors. The average size of such financing is between US$ 10 to 20 million with a tenure of 4 to 7 years. Shorter term financing of up to 2 years is also provided, most often for projects requiring bridge financing, working capital or trade finance.

Maybank Investment Bank (“Maybank-IB”) - 35.2%

Maybank IB is the investment banking arm of Malayan Banking Berhad (“Maybank”); Malaysia’s largest financial services group with total group consolidated assets of over US$170 billion. It is the no. 1 bank in Malaysia and largest Islamic bank by assets. It is rated to be the 13^th strongest bank in the world by Bloomberg.
Maybank’s share is 68% collectively owned by multiple Malaysian government linked investment and provident funds.
Maybank’s credit rating as rated by international reputable rating company are as follows:

S&P : A-
Moody’s : A3
Fitch : A-

The Maybank Group has an extensive global network of 2,200 offices with 47,000 employees in 20 countries serving 22 million customers worldwide.
e Asia Pacific region and among the world’s top 15 Islamic banks

Ahmed Hussain Al-Attas
Chairman
Mr. Ahmad has 35 years of experience in the field of retail and corporate banking. He worked previously as a Chief executive officer in Gulf Investors Asset Management Company. He worked as well as the a member of the bank establishment team and western region sales manager for Alinma Bank, Also, worked as the Western District Manager for AL Rajhi Bank and assistant regional manger earlier as well. Also, worked as the Assistant Vice President in Faysal Islamic Bank of Bahrain, and the Planning Analyst in NCB Bank. Earlier he worked as the CEO and Owner of Final Financial and Administration consultation office.

Ahmad has a Doctorate Degree in Banking Management from the Ambassador University Corporation, USA.

Fawaz Arar
Vice Chairman
Fawaz has over 30 years of experience in the banking sector and is a professional in business development with extensive background in Banking, sales, Marketing, business development, customer relations and compliance in the field.
Worked as an Elite Branch Manager in the Saudi Investment Bank. Prior to that he was a corporate Banking Manager in the Bank. Also, worked as a branch Manager for SAMBA Bank and prior to that as a customer Conversion manager in the same bank. Earlier in his career he has worked as a senior customer service officer in Riyad Bank.
Fawazhas a Bachelors Degree in Public Administration from King Abdulaziz University, Saudi Arabia.

Muzaffar Hisham
Board Member

Muzaffar has 24 years of experience in the Banking industry. Currently he is working as the head of Islamic Banking in Maybank Group and the Chief Executive Officer of Maybank Islamic Berhad. He worked previously as a Deputy chief executive officer in CIMB Islamic Berhad and earlier as Associate director in the investment banking department. He worked as well previously as the head of Islamic debt capital markets at HSBC Bank Malaysia Berhard. Also, worked as Senior Manager in the Capital Market department at Amanah Short Deposits Bhd, He worked as the Treasury Manager in Malaysia Discounts Bhd and previously as the structured project finance manager in amanah merchant bank. Earlier he worked as a Senior executive in the corporate banking department at Asian international merchant bankers berhad.

Muzaffar has a Bachelor of science in economics and accounting from the university of Bristol united kingdom.

Mohamad Yasin Abdullah
Board Member

Mohamad has over 22 years of experience in the banking and finance sector and is currently working as a Chief Operating Officer at Maybank Kim Eng. He worked previously as a Chief Finanacial Officer in Many banks and Investment companies including: Maybank Kim Eng, Maybank Investment Bank Berhad, Al Khair International Islamic Bank Malaysia Berhad, and Suria Capital Holdings Berhad. Prior to that he worked in various top management positions in Bank Muamalat Malaysia Berhad, Tronoh Consolidated Malaysia Berhad and Malayan Banking Berhad.

Mr. Mohamad is a Certified Islamic Professional Accountant (CIPA), and Certified from the Charterd Institute of Management Accountants, UK (CIMA) and the Association of Chartered Certified Accountants, UK (ACCA).

Mohamad has a Bachelor Degree in Accounting and a masters in business Administration (Finance) both from the International Islamic University in Malaysia.

Khaled Mohammed Al-Aboodi
Board Member

Mr. Khalid has 37 years of experience in the field of Economics. He is working at SALIC as the Managing Director.

He worked previously in various position in the ministry of finance. He worked previously as the Chief Executive Officer in the Islamic Corporation for the Development of the Private Sector. Previously worked as the Deputy General Manager, Islamic Corporation for the Development of the Private Sector. Also, worked as the Senior Economist in the Public Investments Fund. Also, he worked as an Acting Executive Director for Saudi Arabia at the World Bank Group.

Master of Economics from the Northeastern University, from Boston, USA.

Murtaza Mumtaz Ghulam
Board Member

Mr. Ali has 27 years of experience in the Banking and finance particularly audit related. Currently he is working as the Deputy head of internal audit division in the Arab National Bank. He worked previously as a Chief audit executive in the Murabaha finance Company. He worked as well previously as the head of internal audit in NCB capital. Also, worked as the internal audit senior manager in the Saudi Hollandi Bank , He worked as the Relationship and credit risk manager at Samba financial group. Earlier he worked as an Audit Manager in both Arthur Andersen and later with Ernest and Young.

Ali is an Associate member in many prestigious associations of which: the Saudi Association for Certified Public Accountants (SOCPA), and the Institute of Internal Auditors (IAA) and is a member as well in the Institute of Management Accountants (IMA) in USA and the American Businessman of Jeddah to mention some.

Ali has a Bachelor of Accounting from King Abdulaziz University, Saudi Arabia.

Ali Hasan Abdulhadi
Independent Board Member

Mr. Ali has 27 years of experience in the Banking and finance particularly audit related. Currently he is working as the Deputy head of internal audit division in the Arab National Bank.

He worked previously as a Chief audit executive in the Murabaha finance Company. He worked as well previously as the head of internal audit in NCB capital. Also, worked as the internal audit senior manager in the Saudi Hollandi Bank , He worked as the Relationship and credit risk manager at Samba financial group. Earlier he worked as an Audit Manager in both Arthur Andersen and later with Ernest and Young.

Ali is an Associate member in many prestigious associations of which: the Saudi Association for Certified Public Accountants (SOCPA), and the Institute of Internal Auditors (IAA) and is a member as well in the Institute of Management Accountants (IMA) in USA and the American Businessman of Jeddah to mention some.

Ali has a Bachelor of Accounting from King Abdulaziz University, Saudi Arabia.

	Jamaan Al Zahrani Acting Chief Executive Officer Jamaan joined the Anfaal team as the Head of HR, Admin, Custody and IT since July 2012. He brings with him more than 15 years of working experience. In Anfaal, Jamaan is in charge of the Human Resource, Administrative and Custody function of Anfaal back office. Anfaal’s IT department is also under Jamaan’s responsibility. Jamaan is an important team member to Anfaal and his contribution and role in Anfaal back office is invaluable. Prior joining to Anfaal, Jamaan was attached with Yusuf bin Ahmed Kanoo in various departments across that organisation with different responsibilities. His last position there was in charge of the Western Region, as the Regional Operations Manager.
	Fahad Al Kathiri Head of Compliance and MLRO Fahad took over as the Head of Compliance and Anti-Money Laundering & Risk Officer (MLRO) from 1 January 2018. Previously, he was the Custodian Officer, a role he held from June 2011. Fahad joined Anfaal in December 2010 in the Administration Department. The talent that he has showed gave confidence for upper management to expand his role and responsibilities. Over the years, Fahad has been promoted and he slowly moved up the corporate hierarchy within Anfaal Capital. Fahad has passed the required CME-2 exam. He holds a Bachelor of Business Administration from the King Abdulaziz University.He also has the Certified Compliance Officer (CCO) certificate issued by The Institute of Finance, Riyadh.
	Mohammed Adnan Head of Finance & Accounts Head of Finance and Accounts since August 2010 and is responsible for managing and leading the local Finance Team, and for the day to day management of the financial reporting, accounting and payroll processes.
	Mohammed Malik Acting Asset Manager In early 2019, Mohamed Malik was appointed by the Board of Directors as Acting Asset Manager. He has experience in finance and accounting for more than 25 years. He worked at Anfal Capital Company with its inception in 2010 and occupied many positions in it. He graduated from Assistant Chief Operations Officer to Fund Operating Officer and then as Head of Compliance for 2016 until early 2018. He held the position of Chief Executive Support Services and Board Secretary of the Company.

Our Vision:

To be the leading Islamic investment banking service provider in Saudi Arabia.

Our Mission:

To create innovative investment banking and real estate investment products, and provide customized financial solutions that deliver superior value to our stakeholders.

Our Values:

We distinguish our products and services by developing and providing innovative Shariah compliant investment solutions that fulfill our clients’ expectations. We believe in building long term relationships with our clients through integrity, confidentiality, trust and satisfaction.

Execution is our discipline, and technology is vital to ensuring quality, timely and efficient delivery. We practice the high standard and discipline of self-evaluation, ready and willing to face difficulty with moral strength. We treat fellow colleagues with dignity, honesty and respect in order to create a dynamic and energetic work environment.

General Information

Anfaal Capital (the “Company”) is a Closed Joint Stock Company incorporated on February 24, 2010 through ministerial resolution and commenced its business from the date of ministerial resolution No.122 dated March 23, 2010 announcing the incorporation of the Company.

Anfaal Capital is involved in the business of Managing, Custody, Advising, Arranging of securities and Dealing as Principal. We are an Authorized Person by Capital Market Authority (“CMA”) of Saudi Arabia. Our first license (License No. 09140-36) was obtained on 16 August 2009 and approval to commence business for the activities of Managing, Arranging, Custody and Advisory was received on 1 September 2010. Subsequently, we added Dealing as Principal activity to our license on 30 June 2014. Our updated CMA License No. is 14180-37.

We are also licensed by the Saudi Arabian General Investment Authority (License No. 112031016038-01). Our Commercial Registration No. is 4030200832.

Towards the end of year 2015, Anfaal Capital obtained the approval of CMA to increase its capital from SAR50,000,000 to SAR 61,499,950

Brief Highlights

Anfaal Capital was established through a strategic venture between the Islamic Corporation for the Development of Private Sector (“ICD”) and Maybank Investment Bank (“Maybank-IB”). We are uniquely positioned as a comprehensive platform to provide Shariah compliant investment banking and asset management services.

With this structure, Anfaal Capital is designed to deliver maximum tangible value to investors within the MENA and Far East regions. We also maintain focus on our niche of real estate investment opportunities.

For more information You can download the Corporate Profile

Annual Report 2019

Annual report
Pillar 3
Financial Statements

Annual Report 2018

Annual Report
Financial statements

Annual Report 2017

Annual Report

Sharia advisors report

Financial statements

Pillar 3 disclosure

WHO WE ARE