About 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.  

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History

We deliver

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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

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Accountability

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Credibility

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Ambition

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Fortitude

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Excellence

Greetings,

Our vital role as the investment arm of the Public Pension Agency fuels our commitment to advancing Saudi Arabia’s economic position. Hand in hand, we push through limits in line of Saudi Arabia’s ambitious 2030 Vision by attracting and diversifying investments locally and globally and uncovering new investment opportunities that resonate with its programs and aspirations.  

As RIC’s journey unfolds, we are determined to apply the highest standards of governance and align them with our new strategy and structure. RIC continues to serve as a hub for talents with distinguished investment experiences, empowering national capabilities, and realizing digital transformation to automate operations and improve its performance.  

RIC has been able to achieve many success accomplishments due to the confident, trust and support of PPA’s Board of Directors. In this regard, I want to express my gratitude to every board member.   

No limits bound our aspirations. We are motivated to become the leading institutional investor worldwide. Our values dictate to give more to our community and fulfill our responsibility. We are proud of our team which lead us to our path of success.    

In conclusion, I extend my wholehearted gratitude to our wise leadership represented by the Custodian of the Two Holy Mosques and the Crown prince for the unwavering support for the company and  the investment sector in general in Saudi Arabia.    

Welcome to our website. We are thrilled to have you.

Chief Executive Officer

Abdulatif Al-Seif

CEO
director

H.E Mohammed Alnahas

Chairman
director

Dr. Ibrahim Almojel

Board Member

 

 

director

Mr. Mazen Al-Jubeir

Vice-Chairman
director

Mr. Khaled Al-Khattaf

Board Member
director

Mr. Majed Alawwad

Board Member
director

Mr. Mark Burbach

Board Member
director

Mr. Abdulatif Al-Seif

Board 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.