RIC

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.

History

2007

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

2017

Transformed into the investment arm of PPA

We deliver

Achieving returns at high rates while maintaining an appropriate level of risk to ensure the obligations of the Public Pension Agency are fulfilled.

Background

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.

Mission

To maximize investment returns over the investment horizon consistent with prudent risk in order to meet the funding obligations of the PPA.

Vision

To be a pioneer in institutional investing, locally and globally.

Values

Accountability

Credibility

Ambition

Fortitude

Excellence

Welcome to Raidah Investment Company “RIC”

RIC takes pride in serving one of the oldest institutions in the Kingdom of Saudi Arabia, the Public Pension Agency as its investment arm. The mandate is grand and only an investment organization with solid capabilities and high level of sophistication can serve and deliver on the investment objectives of this institution.

Since its launch in 2017, RIC has established a solid foundation as a proud Saudi investment company delivering strong investment returns, attracting, and developing top quality professionals in the Kingdom.

The achievements of RIC have enabled us to move many steps closer to our vision of being a pioneering institutional investor locally and globally. We also take great pride of being an active player in the Journey of the Kingdom towards achieving its Vision 2030.

Over the next phase, we will aim to realize more of our vision and will aspire to be known for our values which we worked hard to ingrain in RIC culture since day one.

Our Board of Directors have been a key enabler and motivator for us to achieve many milestones in the past. I am confident they will continue to be a strong source of support and guidance throughout the next phase of our journey. We are truly fortunate to have such an esteemed group leading our path.