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Forbes Middle East has released its Top 40 Asset Managers list for 2025, highlighting leaders in the investment sector who collectively managed over US$439 billion in assets in 2024. Rashed Sharif of SNB Capital retains the top position with US$63.73 billion in AUM, followed by Mohammed Alardhi of Investcorp and Waleed AlRashed AlHumaid of Al Rajhi Capital. The ranking emphasizes the dominance of Saudi Arabia, which hosts 19 of the top firms, while Kuwait and the UAE each contribute six.
Forbes Middle East has released its Fintech 50 list for 2025, highlighting the region's top innovators in digital financial services. Leading the ranking is Saudi-based Tabby, valued at $3.3 billion after a $160 million funding round, followed by Egypt's Fawry and Saudi Arabia's Rasan. The list features firms from 11 countries, with the UAE, Egypt, and Saudi Arabia representing 70% of the entries.
AliExpress has expanded its local payment options across several African countries, allowing shoppers in Egypt, South Africa, Algeria, Ethiopia, Morocco, and Tanzania to transact in their national currencies. This initiative aims to enhance cross-border e-commerce by reducing transaction friction and improving payment security. The expansion coincides with a major promotional event and is part of AliExpress's broader efforts to improve logistics and customer experience in Africa.
Citigroup has lowered its price target on APA Corporation to $20 from $24 while maintaining a neutral rating. APA specializes in hydrocarbon exploration and production, with crude oil accounting for 81.2% of its output, followed by natural gas at 11.9% and liquefied natural gas at 6.9%. Geographically, net sales are primarily from Egypt (41%), the North Sea (18.1%), and the United States (4.9%).
JP Morgan forecasts a 6% interest rate cut by Egypt’s Central Bank in April and June, with a 4% reduction in April and 2% in June. February saw a significant drop in urban inflation to 12.8%, attributed to lower education and food prices, while the CBE maintained key interest rates at 27.25% and 28.25% in its last meeting, reflecting current economic conditions.
Forbes Middle East has unveiled its Top 40 Asset Managers for 2025, highlighting leaders who collectively managed over $439 billion in assets in 2024. Rashed Sharif of SNB Capital retains the top spot with $63.73 billion in AUM, followed by Mohammed Alardhi of Investcorp at $53 billion. Saudi Arabia dominates the list with 19 representatives, showcasing the region's growing influence in real estate, sukuk, and private equity.
Emirates NBD Egypt has secured EGP 3 billion to support the expansion of Egypt's public transport infrastructure, focusing on metro and monorail projects under the National Authority for Tunnels. This funding aims to enhance sustainable urban mobility, connecting Greater Cairo with the New Administrative Capital and 6th of October City. The investment underscores the bank's commitment to financing strategic sectors that promote economic growth and improve daily commutes for millions.
Valu, Egypt's leading financial super-app, boasts over 700,000 active users and has launched co-branded credit and prepaid cards, achieving 1.2 million transactions in a year. The fintech ecosystem is expanding with new products like Ulter and Shift, alongside a growing merchant network of 7,000 retailers and 2,000 online stores. In the MENA region, fintech is evolving beyond payments and lending, with a focus on wealth management and AI-driven services, while companies like MyFatoorah and MNT-Halan are making significant strides in payment solutions and lending, respectively.
Valu, Egypt's leading financial super-app, boasts over 700,000 active users and has launched co-branded credit and prepaid cards, achieving 1.2 million transactions in a year. The fintech ecosystem is expanding with new products like Ulter and Shift, alongside a growing merchant network of 7,000 retailers and 2,000 online stores. In the MENA region, fintech is evolving beyond payments and lending, with a focus on wealth management and AI-driven services, while companies like MyFatoorah and MNT-Halan are making significant strides in payment solutions and lending, respectively.
Binance has secured a historic $2 billion investment from UAE-based MGX, highlighting the fintech boom in the MENA region, where 119 startups raised $700 million in 2024. Key players like Tabby, Fawry, and Rasan are leading the charge, with significant growth in digital payments, BNPL services, and insurtech, setting new benchmarks in the global fintech landscape. The future looks promising, with expectations of more unicorns and international expansions on the horizon.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
top asset managers in the middle east for 2025 unveiled
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