GIB Capital, a wholly owned subsidiary of Gulf International Bank (GIB), stands as a prominent player in the investment banking sector in Saudi Arabia. Established in 2008, the company has been instrumental in providing a comprehensive range of financial services to corporations, family businesses, entrepreneurs, governments, and quasi-government entities. With a focus on innovation and customization, GIB Capital has carved a niche for itself in the dynamic financial landscape of the Gulf Cooperation Council (GCC) region, contributing significantly to its clients’ success and the region’s economic development.
Company History and Establishment
GIB Capital was founded in April 2008 as a subsidiary of Gulf International Bank, a leading financial institution in the Middle East. The company began its operations to offer specialized investment banking products and services tailored to meet the unique financial and investment objectives of its clients. Licensed by the Capital Market Authority of Saudi Arabia (CMA) with license number 07078-37 on July 22, 2007, GIB Capital started its operations on December 12, 2008, with a paid-up capital of SAR 200 million.
Services Offered
GIB Capital provides a full spectrum of investment banking services, designed to deliver innovative and customized financial solutions. Its service offerings include:
- Financial Advisory: Strategic and independent advisory services in equity capital markets, mergers and acquisitions (M&A), debt capital markets, and debt advisory. This includes support for initial public offerings (IPOs), private placements, and strategic debt advisory.
- Asset Management: Tailored investment solutions across all asset classes, helping clients achieve exceptional results while managing risks professionally.
- Brokerage: Integrated services for institutional and retail investors to enhance returns from local trading in the Saudi capital markets.
- Research: In-depth investment analysis and research to assist clients in making informed decisions based on accurate data.
In addition, GIB Capital specializes in debt advisory services, which encompass arranging debt financing, balance sheet restructuring, acquisition finance advisory, corporate finance advisory, and project finance advisory. The company also excels in debt capital markets, offering expertise in bonds, sukuk, hybrid capital, and securitization, with a strong presence in the MENA region, particularly Saudi Arabia. GIB Capital’s capabilities extend to Islamic finance structuring, ensuring compliance with Shariah principles while meeting client needs.
Leadership and Management
At the helm of GIB Capital is Osamah Mohammed Shaker, who has been serving as the chief executive officer since June 2016. With over 26 years of experience in investment banking, asset management, and banking regulatory control, Shaker brings a wealth of knowledge and expertise to his role. Before joining GIB Capital, he held significant positions, including Director General of Banking Control at the Saudi Arabian Monetary Agency (SAMA), where he oversaw and regulated all commercial banks in Saudi Arabia.
He also served as a senior advisor to the deputy governor for supervision at SAMA. Before that, Shaker spent over 16 years in banking and investment roles at Saudi British Bank and HSBC Saudi Arabia, where he held executive positions such as Managing Director – Head of Investments and Managing Director – Head of Financial Markets. His extensive experience and leadership have been instrumental in driving GIB Capital’s growth and success.
Key Achievements and Transactions
GIB Capital has a proven track record of delivering high-impact transactions that underscore its expertise and reputation in the investment banking sector. One of its recent notable achievements is the successful completion of the SAR 1.96 billion initial public offering (IPO) of Umm Al Qura for Development and Construction Company in 2024. GIB Capital served as the joint financial advisor, bookrunner, and underwriter for this transaction, which was oversubscribed by 241 times in the institutional tranche and 20 times in the retail tranche, reflecting strong market confidence.
Another significant milestone is the strategic partnership announced in April 2025 between GIB Group and Stanhope Capital Group to offer wealth advisory services across the GCC region. This collaboration aims to provide comprehensive wealth management solutions, including advisory, outsourced chief investment officer (OCIO) services, discretionary wealth advisory, and access to a global investment platform covering equities, fixed income, hedge funds, private equity, and real estate. This partnership highlights GIB Capital’s commitment to expanding its service offerings and strengthening its position in the wealth management sector.
Historically, GIB Capital has played a pivotal role in landmark IPOs, such as advising on the US$4.08 billion IPO of Saudi Telecom Company in 2003 and co-advising on the US$6 billion IPO of National Commercial Bank in 2014. The latter was the largest IPO in the Middle East at that time and the second-largest globally in 2014, showcasing GIB Capital’s ability to handle complex and high-value transactions.
Looking ahead, GIB Capital is well-positioned to continue its growth trajectory by leveraging its strong market presence and expanding its service offerings. The strategic partnership with Stanhope Capital Group is a testament to its commitment to enhancing its wealth management capabilities and catering to the evolving needs of its clients in the GCC region. Aligned with its parent company’s vision of being a regional industry leader with global reach, GIB Capital focuses on delivering value-accretive solutions, meeting clients’ needs, and contributing to the region’s economic development.
GIB Capital has established itself as a leading investment bank in Saudi Arabia, offering a wide array of financial services with a commitment to excellence and client satisfaction. Under the stewardship of CEO Osamah Mohammed Shaker, the company has achieved significant milestones and continues to be a trusted partner for corporations, governments, and investors.
