About the Company
In order to develop PPA’s financial resources and diversify its investments, Raidah Investment Company – RIC - was established by Royal Decree No M/9 dated 9/3/1428 AH, 28/3/2007 AD as a closed joint-stock company registered in Saudi Arabia.
Based on a clear investment strategy, RIC manages PPA’s portfolio in line with the best global practice in order to maximize the investment return consistent with prudent risk.
Establishment of RIC
Through a royal decree (No. 53); The license to establish Raidah Investment Company (RIC) was approved to be a closed shareholding Saudi company
Transformed into the investment arm of PPA
Raidah Investment Company (RIC) aims to be a pioneer in regional institutional investing through a solid identity and top notch experience and professional team. In addition, to it's reliance on local resources.
To maximize investment returns over the investment horizon consistent with prudent risk in order to meet the funding obligations of the PPA.
To be a pioneer in institutional investing, locally and globally.
H.E Mohammed AlnahasChairman
Dr. Ibrahim AlmojelBoard Member
Mr. Mazen Al-JubeirVice-Chairman
Mr. Khaled Al-KhattafBoard Member
Mr. Majed AlawwadBoard Member
Mr. Mark BurbachBoard Member
Mr. Abdulatif Al-SeifBoard Member
As RIC’s success and growth uncover new horizons, our social responsibility grows even more. We are committed to promoting the concept of social responsibility as one of RIC’s unshakable pillars. We support our community by various means including adopting programs and initiatives such as encouraging and training university students and participating in celebrations, national activities, and other programs and initiatives.