Hassana Investment Company: Comprehensive Analysis and Key Role in Saudi

Hassana Investment Company was established in the context of the ambitious economic reforms launched by the Kingdom of Saudi Arabia under Vision 2030, aimed at developing the management of retirement and social insurance funds for employees in the civil and military sectors. This step was a response to the need for a specialized entity to manage the investments of the General Organization for Social Insurance with high efficiency and flexibility that meets modern requirements. Since its inception, Hassana has been entrusted with a significant responsibility to maximize the returns of pension funds, while considering sustainability and risk standards, contributing to the stability of the pension system and providing financial security for beneficiaries. From the beginning, the company adopted an institutional approach based on global best practices in investment governance, attracting management and investment personnel with both local and international expertise. The company has also received direct government support, providing it with a solid financial base and a wide range of freedom in choosing investment strategies. From a strategic perspective, Hassana's mission has not been limited to managing funds; it has expanded to include supporting major projects that enhance the diversification of the national economy, such as investing in infrastructure, renewable energy, and real estate, in addition to partnering with the local and global private sector in strategic initiatives. Today, Hassana represents a model of a modern investment institution in the public sector, combining the social role of protecting the financial rights of retirees with the economic role of stimulating development and modernizing the Saudi financial market. Its role is also highlighted through representing government interests in major deals, both locally and globally, making it one of the largest investment institutions alongside the Public Investment Fund and the Saudi Central Bank.

Hassana Investment Company features a comprehensive administrative and organizational structure that reflects its commitment to the highest standards of governance and independence. The company is overseen by a Board of Directors comprising a select group of experts in investment, finance, and legislation, appointed by a decision from the Saudi Cabinet, ensuring representation of the national vision and sound governance of the company's operations. The board is responsible for setting high-level investment policies, monitoring performance, and ensuring the company's compliance with the regulatory framework established in the Kingdom. Executive responsibilities are distributed among a specialized management team, led by the CEO, who manages daily operations and implements approved strategies. In December 2025, the company appointed Mr. Suleiman Al-Sabti as CEO, a prominent figure in the Saudi financial market who previously led Riyad Capital. This leadership change symbolizes the company's ongoing commitment to enhancing leadership competencies and injecting new expertise in line with future challenges and opportunities. Hassana also relies on investment and advisory committees comprising local and international experts to provide technical opinions on portfolio formation and risk management. The company places significant emphasis on developing human resources, employing several hundred staff, most of whom are specialists in financial analysis, investment, and asset management. The company is committed to principles of transparency and disclosure, especially regarding its major deals or strategic partnerships, while maintaining confidentiality regarding sensitive investment operations. The company is also subject to oversight by the General Organization for Social Insurance and provides periodic reports on performance and returns, enhancing its credibility with regulatory authorities and the ultimate beneficiaries of pension funds.

Hassana Investment Company primarily relies on the funds of the pension schemes of the General Organization for Social Insurance as its main source of funding. These funds represent the savings of millions of civil and military employees in the Kingdom and are managed with the aim of achieving the best possible returns while maintaining financial security for current and future generations. As the investment arm of the organization, Hassana does not resort to raising funds from the public or financial markets, nor does it offer its shares for public subscription, but relies on continuous subscription flows and pension compensation. Media estimates and government reports indicate that the size of assets managed by Hassana exceeds tens of billions of riyals, placing it among the largest asset managers in the region. This massive asset size allows for high investment flexibility, enabling Hassana to engage in global strategic deals and finance large projects in infrastructure, energy, real estate, and financial markets. Additionally, the presence of a stable and long-term funding base allows the company to adopt medium- and long-term investment strategies without the need to respond to short-term performance pressures as is the case with traditional investment firms. This is reflected in Hassana's ability to allocate a significant portion of its portfolio to alternative assets and entrepreneurial projects that require a longer time horizon to achieve returns. To ensure sustainable funding, the company adheres to strict risk and liquidity management policies, with periodic reviews of asset allocation in line with economic and demographic changes affecting pension fund obligations.

Hassana Investment Company follows an advanced investment strategy based on geographic and sectoral diversification of assets, aimed at maximizing returns and minimizing risks associated with market fluctuations. The company distributes its portfolio across a wide range of asset classes, including local and international equities, government and corporate bonds, alternative assets such as infrastructure and renewable energy, as well as real estate and global investment funds. This diversification allows the company to achieve a balance between high-return, high-risk investments and stable long-term investments. For example, in 2024, Hassana invested $1.5 billion in climate funds from the World Bank, reflecting its focus on sustainable assets that align with environmental, social, and governance (ESG) standards. The company also strengthened its presence in the logistics sector by investing $2.4 billion in DP World's UAE assets, granting it a strategic stake in one of the largest ports and logistics facilities in the region. Furthermore, Hassana focuses on supporting the national economy through significant investments in real estate and development projects within the Kingdom, such as its partnership with Dar and Emaar to develop a massive real estate project in Riyadh, and its collaboration with the Saudi Real Estate Refinance Company to enhance liquidity in financial markets. The company also prioritizes investment in innovative and technological sectors, keeping pace with global economic transformations and enhancing the Kingdom's position as a regional financial and investment hub. All these investments undergo thorough feasibility studies and periodic performance and risk assessments, relying on specialized analytical teams and modern technological tools in asset management.

During 2024 and 2025, Hassana Investment Company executed a number of strategic deals and projects that enhanced its position both locally and globally. Among the most notable of these deals was its investment in May 2024 of $1.5 billion in the World Bank's climate fund, a qualitative step to support global initiatives in renewable energy and environmental sustainability. This investment reflects Hassana's commitment to global trends towards sustainable investment, providing additional diversification in its portfolio with assets that have environmental and social impact. In the logistics sector, Hassana entered into a $2.4 billion deal with DP World in October 2025, becoming a strategic partner with a 10.2% stake in Jebel Ali Port and its free zone. This deal is one of the largest alliances between Saudi and Emirati investment institutions, opening new horizons for regional cooperation in ports and logistics services. Locally, Hassana signed a memorandum of understanding in July 2024 with Dar and Emaar to develop a real estate project covering 1.2 million square meters in Riyadh, highlighting its role in supporting the real estate sector and meeting the growing demand for residential and commercial projects. Additionally, in January 2025, it entered into an agreement with the Saudi Real Estate Refinance Company to develop securitization markets and issue sukuk, aimed at enhancing liquidity and encouraging housing and banking financing. The company's investments are not limited to these sectors; it has also entered into partnerships with global institutions such as Standard Street, reflecting its desire to explore new investment opportunities and exchange expertise with the largest asset managers worldwide. All these initiatives are part of Hassana's strategy for sustainable expansion and growth, confirming its commitment to enhancing the Saudi economy and achieving the goals of Vision 2030.

Although Hassana Investment Company does not traditionally disclose quarterly profit data or periodic financial reports as publicly listed companies do, the performance of its investment portfolio is among the most stable and growing in the Saudi institutional sector. Reports from the General Organization for Social Insurance, which oversees Hassana, indicate that the organization's investment returns exceeded 14% in 2021, a high rate compared to international standards for pension funds. This strong performance is attributed to the diversification strategy adopted by the company, in addition to its analytical capabilities in selecting high-return investment opportunities with studied risks. For instance, its investments in global and local markets have shown significant growth, particularly with the recovery of the real estate and infrastructure markets in the Kingdom and its expansion into sustainable global assets such as climate funds and renewable energy. Moreover, its investments in logistics and real estate sectors have contributed to long-term growth for the portfolio, while minimizing the impact of short-term fluctuations in financial markets. On the other hand, the company has benefited from the long-term financing advantage provided by pension funds, allowing it to endure a longer time horizon in its investments, positively reflecting on the overall performance of the portfolio. With ongoing changes in global markets, Hassana continues to review its investment strategies and update its risk management models to ensure optimal returns while maintaining the fund's solvency and its ability to meet its obligations to retirees.

Hassana Investment Company places increasing importance on adopting the latest technologies and global trends in asset management and institutional investment. In recent years, investment in alternative and sustainable assets has become one of the pillars of its strategy, focusing on clean energy projects, green infrastructure, and climate funds, as evidenced by its $1.5 billion investment in the World Bank's climate fund. This direction aligns with environmental, social, and governance (ESG) standards, which form an international benchmark for investment institutions. In terms of digital technologies, Hassana relies on advanced data analysis systems and artificial intelligence tools to evaluate investment opportunities and manage risks more accurately. It also benefits from electronic trading platforms to facilitate global asset transactions and monitor markets in real-time. The company is also keeping pace with modern trends in Islamic finance by developing securitization tools and sukuk backed by real estate assets, in collaboration with the Saudi Real Estate Refinance Company, aiming to enhance liquidity and expand the housing financing base. In the realm of strategic partnerships, the importance of collaboration with global companies such as DP World and Standard Street is highlighted, as these partnerships allow for knowledge exchange and access to the latest innovations in asset management. Through all these efforts, Hassana aims to establish itself as an investment institution that keeps pace with digital transformations and sustainability, capable of investing assets efficiently and achieving sustainable long-term returns.

Hassana Investment Company is a key element in the realization of Saudi Vision 2030, as it directly contributes to diversifying the national economy and enhancing the financial sustainability of pension funds. By directing its investments towards strategic projects in vital sectors such as infrastructure, renewable energy, real estate, and financial services, Hassana supports the state's efforts to create new job opportunities, stimulate innovation, and increase the Kingdom's attractiveness for foreign investments. An example of this is Hassana's investment in a massive real estate project in Riyadh covering 1.2 million square meters, which is expected to contribute to urban development and provide advanced residential and commercial units. Additionally, its investments in climate funds and green infrastructure reinforce the Kingdom's commitment to transitioning towards a green economy and reducing dependence on oil. In the financial sector, Hassana's initiative to develop securitization and sukuk markets in collaboration with the Saudi Real Estate Refinance Company has enhanced liquidity and expanded the financing base for real estate and housing projects. The company also plays a significant role in supporting public offerings of new companies, such as its participation in the IPO of Jahez, contributing to deepening the financial market and increasing the number of listed companies. Through its partnerships with global institutions, Hassana contributes to transferring expertise and knowledge to the local market, supporting the development of human capital and enhancing the Kingdom's competitiveness as a regional financial hub. Thanks to these efforts, Hassana emerges as an economic and social lever, combining maximizing the returns of pension funds with achieving national development goals.

The relationship between Hassana Investment Company and the General Organization for Social Insurance forms a fundamental basis for the company's operations and its role in the Saudi financial system. Hassana is the investment arm of the organization, entrusted with managing and developing the funds of pension schemes that include the savings of employees in both the public and private sectors in the Kingdom. This regulatory relationship means that all of Hassana's investments serve the organization's obligations to retirees by achieving financial returns that enhance the fund's solvency and its ability to meet future commitments. The General Organization for Social Insurance oversees Hassana's operations by monitoring financial and investment performance and ensuring that investment policies align with national and international standards for managing pension funds. The organization also ensures a balance between achieving appropriate returns and managing risks, safeguarding the funds of contributors and protecting their rights. Practically, the organization provides Hassana with a stable and regular funding base through employee and employer contributions, granting the company flexibility in long-term investment planning. This relationship also allows Hassana to access strategic projects of national priority and grants it the ability to participate in major initiatives in collaboration with government and private entities. In return, Hassana is committed to providing periodic reports and performance evaluations to the organization, disclosing the development of the investment portfolio and achieved returns. This integration between the two entities creates a unique model for managing pension funds, combining sound governance with investment efficiency, contributing to the sustainability of the financial and social system in the Kingdom.

The institutional investment sector in the Kingdom of Saudi Arabia is one of the most dynamic and evolving sectors, characterized by the presence of several major entities managing substantial assets on behalf of the government and public institutions. Hassana Investment Company occupies a distinguished position within this sector, specializing in managing the pension funds of millions of Saudis, and working alongside other major entities such as the Public Investment Fund and the Saudi Central Bank (SAMA). One of the key strengths that distinguishes Hassana from other similar entities is its close relationship with the General Organization for Social Insurance, providing it with a stable funding base and a long-term investment horizon. The company also benefits from direct government support and a wide network of relationships with local and global financial institutions, enabling it to engage in multiple sectoral strategic deals. Conversely, the company faces challenges related to portfolio diversification and risk management, especially amid ongoing fluctuations in global markets and the emergence of new competitors in the asset management sector. Although Hassana is not a traditional competitor in the open market, as it does not offer its shares or compete for individual investor attraction, competition arises from government investment management entities and alternative asset companies seeking to invest in the same asset classes. In many cases, Hassana collaborates with these entities in joint deals, such as its partnership with the Public Investment Fund or local asset management companies. Additionally, the asset management sector in the Kingdom is witnessing significant development with the entry of new private companies relying on innovation and modern technologies, prompting Hassana to keep pace with these changes and continuously develop its investment tools and methodologies. Overall, Hassana remains a key player in the institutional investment sector, combining financial security with effective investment strategy to serve the national economy.

Hassana Investment Company has placed significant emphasis on international partnerships and cooperation with global financial institutions, recognizing the importance of knowledge exchange and expanding investment opportunities. Among the most notable of these partnerships is its collaboration with DP World, where Hassana invested $2.4 billion to become a strategic partner in one of the largest ports and logistics facilities in the Middle East. This deal not only achieved financial returns but also opened the door for knowledge exchange in asset management, infrastructure, and logistics services. Hassana has also signed a memorandum of understanding with Standard Street, one of the largest asset managers in the world, to explore joint investment opportunities and develop research tools to improve long-term investment policies. These partnerships reflect Hassana's global orientation and its efforts to benefit from international best practices in portfolio management and risk management. They also provide opportunities to access new markets, diversify sources of returns, and strengthen the company's position as a regional institutional investor with a global presence. Additionally, these partnerships enhance Hassana's ability to invest in alternative and sustainable assets, such as climate funds and green infrastructure, aligning with global trends in responsible investment. International cooperation is not limited to investment partnerships; it also includes knowledge exchange, training, and human capital development, as Hassana benefits from training programs and workshops organized by these global institutions. Ultimately, these partnerships contribute to enhancing the company's efficiency and expanding its investment horizons, positively reflecting on the returns of pension funds and supporting the national economy.

Hassana Investment Company has witnessed a series of significant management developments during 2024 and 2025, reflecting its commitment to enhancing efficiency and innovation in institutional investment management. Among the most notable of these developments was the appointment of Mr. Suleiman Al-Sabti as CEO in December 2025, a leadership talent that has proven successful in the Saudi financial sector through his previous leadership of Riyad Capital. This appointment symbolizes the company's direction towards attracting the best local and international expertise to lead the next phase of growth and expansion. Hassana also made structural adjustments to its executive management team in February 2025, including task distribution and new responsibilities to ensure greater flexibility in decision-making and to enhance a culture of performance and innovation. In terms of human resources, the company employs several hundred staff, most of whom are specialists in financial analysis, investment, and asset management, reflecting a focus on building a qualified human base capable of dealing with the increasing complexities of financial markets. The company encourages continuous professional development through training programs and specialized workshops, in collaboration with global educational and financial institutions. Hassana also relies on a performance-linked reward and incentive system, motivating employees to achieve the best results. The company places great importance on enhancing the internal work environment, ensuring transparency and effective communication among various administrative levels. Through these policies, Hassana aims to build a dynamic workforce capable of facing challenges and innovating sustainable investment solutions that achieve the strategic objectives of the company and the General Organization for Social Insurance.

Despite the success that Hassana Investment Company has achieved in managing its portfolio and diversifying its investments, there are a number of challenges and risks it faces in the changing investment environment. Among the most prominent of these challenges are sharp fluctuations in global markets, which may affect the returns on foreign investments, especially amid economic crises or sudden geopolitical changes. The company also faces challenges in diversifying its investment portfolio, as investing in alternative assets and long-term projects requires careful study of risks and returns, ensuring alignment with pension fund obligations. Locally, there are challenges related to changes in regulations and economic policies, such as tax reforms or new disclosure requirements, which may necessitate adjustments to investment strategies or asset reallocation. The rapid growth in the asset management sector and the entry of new competing companies increase competition for available investment opportunities. On the other hand, managing liquidity and ensuring sufficient cash availability to cover retirees' obligations remains a continuous challenge, especially when investing in illiquid assets or long-term projects. Operational risk management, such as data protection and developing digital systems to keep pace with technological advancements, is also crucial. To address these challenges, Hassana relies on specialized teams in risk management and financial analysis, utilizing advanced technological tools to continuously monitor markets and assess performance. The company also enhances its governance and transparency policies and is committed to updating its investment strategies in line with economic and financial changes at both local and global levels.

Hassana Investment Company has witnessed significant developments in both management and investment during 2024 and 2025, reflecting the company's dynamism and expansion into new areas. Among the most important of these developments was the company's announcement in February 2025 of major adjustments in its executive management structure, including new appointments and task distributions to ensure greater flexibility in decision-making and to keep pace with rapid market changes. The company also announced in December 2025 the appointment of Suleiman Al-Sabti as CEO, which was considered a strategic step to enhance institutional leadership with high-level expertise. In terms of investments, Hassana continued to execute major deals, such as its $1.5 billion investment in the World Bank's climate funds in May 2024, and the $2.4 billion deal with DP World in October 2025, which strengthened its position as a key investor in regional infrastructure and logistics projects. The company also signed a memorandum of understanding in January 2025 with Standard Street to explore joint investment opportunities and entered into an agreement with the Saudi Real Estate Refinance Company to develop securitization markets and sukuk. Locally, Hassana contributed to supporting IPOs of new Saudi companies, such as its participation in the IPO of Jahez, which contributed to increasing the offering size and deepening the Saudi financial market. The company also participated in major real estate and development projects, such as its partnership with Dar and Emaar to develop a real estate project in Riyadh. These developments confirm that Hassana continues to enhance its presence locally and internationally, consistently seeking investment diversification and exploring new opportunities that support its strategic goals and the national economy.