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The Family Office Gets Full Asset Management License In Saudi Arabia

The Family Office Gets Full Asset Management License In Saudi Arabia

The Family Office International Investment Company in Riyadh, a wholly owned subsidiary of Bahrain-based The Family Office Company B.S.C. (c) (“The Family Office”), has commenced asset management operations under its Managing Investments and Operating Funds license from the Capital Market Authority, which enables the company to offer its complete suite of services.

Oct 26, 2021General- 1 min
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Founded in 2004, The Family Office designs bespoke portfolios to address the unique needs of investors to preserve and grow their wealth for generations with diversified portfolios across regions, asset classes and sectors.

Discussing the impact of the license on the firm, Abdulmohsin Al Omran, Founder and CEO of The Family Office explained:

The upgraded license enables us to offer clients in Saudi Arabia the full range of investment management services offered by The Family Office in Bahrain. To be the investment manager of choice, we must do much more than buy and sell assets. We must create investment solutions that achieve the financial goals of each investor, based on their unique needs, preferences and lifestyles.

Our investment solutions benefit from our ability to access a diversified pool of exclusive international private market opportunities that are usually available only to the largest institutional investors.

The Family Office and its subsidiary in Saudi Arabia are independent, global wealth managers regulated by the Central Bank of Bahrain and the Capital Market Authority, respectively, serving wealthy families and individuals in the region.

The Family Office and its Zurich-based investment management arm, Petiole Asset Management AG (“PAM”), are subject to the oversight of six regulators.

Our group entities in Zurich, New York and Hong Kong are licensed by the Swiss Financial Market Supervisory Authority (FINMA), the U.S. Securities and Exchange Commission, and the Securities and Futures Commission in Hong Kong. The funds managed by PAM are regulated by the Cayman Islands Monetary Authority.

 

Disclaimer: The Family Office International Investment is a joint stock closed company owned by one person. Paid-up capital SR20 million. CR No. 7007701696. Licensed by the Capital Market Authority (no. 17-182-30) to carry out arranging, advisory and managing investments and operating funds, with respect to securities.


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About The Family Office

Since 2004, The Family Office has been the wealth manager of choice for more than 500 ultra-high-net worth families and individuals, helping them preserve and grow their wealth through customized solutions in diversified alternatives and more. Schedule a call with our financial experts and learn more about our wealth management process.


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