Mohammed I. Alsubeaei & Sons
MASIC is a family-owned diversified investment firm headquartered in Riyadh and established in 2010 to exclusively manage the assets of the late Mohammed I. Alsubeaei and his family. MASIC manages multi-billion in assets inside as well as outside the Kingdom of Saudi Arabia across a broad range of asset classes with a primary focus on public equity, private equity, and real estate.
Sheikh Mohammed took the strategic decision to set up a family-owned investment company.
Mohammed Ibrahim Alsubeaei and Sons Investment Company (MASIC) was launched with the objective of preserving the accomplishments and success made by its founder. Upon establishing MASIC, the founder’s ownership in leading local and regional companies were transferred to MASIC, including influential minority stakes in Bank Albilad (1140.SR), Jadwa Investment (a leading investment management and advisory firm in the MENA region), Fajr Capital (a leading private equity investor in the Middle East and Southeast Asia), Farabi Petrochemicals (a major producer of Linear Alkyl Benzene and Normal Paraffin), National Aquaculture Group (the largest aquaculture operation of shrimp and fish farming in Saudi Arabia), and Alargan Projects (a real estate developer specializing in the development of fully integrated residential neighborhoods).
MASIC alongside its partners, established Thakher Development Company, which shortly afterwards started working on developing Thakher Makkah, a 310,000 sqm integrated hospitality, residential, and commercial project located approximately 1.2 km from the Holy Mosque in Makkah.
MASIC founded MASIC Logistics Company to become a leading provider of logistics solutions in the Kingdom of Saudi Arabia specializing in the development and operation of manpower accommodation, catering services, readymade factories, warehouses, and other logistics services. In 2020, MASIC Logistics Company completed the development of Fadhili Bachelor Camp encompassing 2,548 single-occupancy residential units and ancillary services over an area of 760,000 sqm. The project is jointly owned with Saudi Aramco.