Saudi Family Office

Saudi Family Office

Saudi Arabia is home to some of the wealthiest families in the world.  A lot of this is due to the production and exporting of oil that makes up the backbone of the Saudi economy.  There are a number of family offices and wealth management firms serving the wealthiest families and individuals in Saudi Arabia.  The following free guide to Saudi Family Offices will help you better understand Saudi family offices and provide you with resources to learn more about Saudi family offices. You should also check out our 100% free book on family offices.

Introduction to Saudi Arabia 

Saudi Arabia is a country in the Middle East with a strong economy that is largely based on petroleum and related industries (the oil industry makes up almost half of the Saudi economy).  The production and sale of oil has made a lot of Saudi families and individuals very wealthy, many of which are active investors around the world.

Why Saudi Arabia?

Saudi Arabia is an important family office location because there is so much wealth being created in the country and thus a strong demand for family offices and wealth management services.  Saudi families are also active investors in alternatives, real estate and other areas that make them great candidates for family office clients.

Family Offices in Saudi Arabia 

There are a number of family offices based in Saudi Arabia or offering services to families in Saudi Arabia.

To get some perspective, we asked Tal Speilman of the Shekel Group, a leading multi-family office based in Israel, the following:

Have you seen strong growth in Israel and the Middle East for the family concept as well?

Tal Speilman:     Well of course, I think that one of the differences between Israel and Europe, or the United States is Israel has, we have families where actually few or about 50 families that should use the wealth management, and using the wealth management, and they are one of the oldest families here in Israel, but the difference between Israel and other places is we have because of the high tech industry that many Israelis were involved in.  So we have let’s say, let’s call it young money.  Some people that are relatively young and then suddenly they grow a lot of money, and I’m talking about tens of millions of dollars.  They don’t really know how to handle it.  So I think about the 2/3rds of the clients of the family offices here in Israel are from the high tech industry.

We expect high growth for the region if current economic conditions improve and the price of oil remains high, as much of the wealth being created is correlated to the petroleum production in the region.

The following is a collection of Saudi Arabia family office resources:

Saudi Arabia Family Office Resources Guide

Saudi Family Office Resource #1: A Saudi family office purchased a $300 million stake in Twitter, read more here..

Saudi Family Office Resource #2: If you are looking for contact details of family offices in places such as Saudi Arabia you may want to consider using a Family Offices Database.  A Family Office Database provides you with the complete contact details for 100′s or sometimes even up to 1,000 global single and multi-family offices within an easy to use Excel spreadsheet format.  Learn more about this by clicking here.

Saudi Family Office Resource #3: Here is our guide to family offices in the Middle East.

Saudi Family Office Resource #4: Here’s a flyer for a Family Office Workshop in the Middle East.

Saudi Family Office Resource #5: This article covers one Middle East family office’s efforts to reinforce transparency.

Are you an employee or manager of a family office in Saudi Arabia?  Then we’d like to keep in touch with you.  Simply send us an email at Richard@RichardWilsonCapital.com

Be sure to check out FamilyOffices.com for our family office database and our free book on family offices.

Related Resources

Tags: Saudi Family office, Saudi Family offices, Saudi family offices guide, guide to Saudi family offices, family offices in Saudi Arabia, Saudi finance, Saudi wealth management

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