Salam Zaki Al-Khunaizi has been appointed Chief Executive Officer of Mulkia Investment Company, a Saudi-listed financial services firm, effective June 16, 2026. The appointment concludes a three-month interim period during which Sultan Mohammed Al Hudaithi served as acting CEO following the resignation of the previous leadership in January. Al-Khunaizi's appointment marks a leadership transition for the Riyadh-headquartered asset manager as it pursues growth initiatives including capital increases and portfolio expansion.
The board's decision to elevate Al-Khunaizi follows his tenure as Chief Executive Officer at BSF Capital, where he oversaw investment management and capital markets operations. His appointment represents a continuation of the Saudi investment banking sector's pattern of recruiting seasoned executives into asset management leadership roles. No external search firm involvement has been disclosed in public announcements regarding the appointment. The board emphasized confidence in Al-Khunaizi's ability to steward Mulkia through growth and market cycles, signaling expectations for expanded operations and shareholder value creation.
Al-Khunaizi brings more than two decades of capital markets expertise spanning investment banking, equity capital markets, and asset management across major Saudi financial institutions. He previously served as Chief Executive Officer and Deputy CEO at Samba Capital and Investment Management Company, where he built investment banking capabilities and led multiple senior departments including advisory and capital markets operations. Prior to Samba Capital, he held the position of Head of Equity Capital Markets for Saudi Arabia at J.P. Morgan, where he developed expertise in ECM and DCM transactions across the oil, gas, and petrochemical sectors. He holds a Bachelor of Science in Finance from King Fahd University of Petroleum and Minerals and serves on Saudi Arabia's Shura Council, providing him with policy-level exposure to capital markets regulation and infrastructure development. His board memberships include positions at Aljomaih Energy and Water Company and the Capital Markets Institutions Committee.
Mulkia Investment is a Saudi-listed financial services firm headquartered in Riyadh with approximately 6 billion Saudi Riyals in assets under management. The company operates under Capital Market Authority license and conducts business in asset management, securities dealing, portfolio management, corporate finance advisory, and underwriting services. Mulkia's fund offerings span real estate investment trusts, equities, money markets, private equities, and alternative investments. The company is expanding its capital base, having approved capital increases through shareholder votes in recent months, and maintains ongoing activity in direct real estate acquisitions for its REIT and investment portfolios.
The appointment signals confidence in Al-Khunaizi's track record in navigating market volatility and capital allocation discipline. His concurrent board roles suggest the market views him as a generalist capable of balancing governance with operational leadership. However, the transition occurs amid broader consolidation pressures in the Saudi asset management sector, where larger firms are competing aggressively for market share and fund inflows. The appointment may imply Mulkia's board sees opportunity to accelerate organic growth or pursue selective partnerships rather than undertake significant structural changes, given Al-Khunaizi's background in building institutional capabilities through disciplined team-building and product strategy rather than transformative restructuring.
