List of 5 Middle East Single Family Offices
Single family offices in the Middle East come from various places. Most of the family offices in our list are based in United Arab Emirates while others come from Israel and Saudi Arabia or other Middle Eastern nations. Here are 5 of the most interesting ones:
1) Daher Capital (UAE/Dubai)
Daher Capital is the private investment vehicle of the the Daher family. The foundation of this family office is the success of Michel Daher an entrepreneur, investor and philanthropist from Lebanon. In the early 1990s Michel Daher established Daher Foods, a lucrative food manufacturing and distribution business. After finding early success in investment Mr. Daher decided to set up Daher Capital in the Emirate of Dubai to further increase his investment focus. Daher Capital invests in a broad range of asset classes like real estate, technology focused startups and publicly traded companies among other.
2) AlTouq Group (Kingdom of Saudi Arabia)
Al Touq Group is a single family office based in the Kingdom of Saudi Arabia. It was established in the 1970s and acts as the private investment vehicle of the Al Touq family. Since its establishment Al Touq Group has invested in real estate, private and public equity and others. The real estate focus of the company is on commercial, residential and industrial buildings while also investing in real estate through funds. In recent years the focus has shifted from their traditional portfolio strategy to new industries such as retail, power supply, financial services and IT. They often invest in growth capital, mezzanine capital and buy-outs of distressed companies.
3) Private office of Sheikh Mohamed Bin Ahmed Bin Hamdan Al Nahyan (UAE/Abu Dhabi)
Sheikh Mohamed Bin Ahmed Bin Hamdan Al Nahyan is part of the Al Nahyan family who are the rulers of the largest Arabian Emirate namely Abu Dhabi. The Al Nahyan family is quite large and many family members have their own private offices. The office of Sheikh Mohamed Bin Ahmed Bin Hamdan Al Nahyan is known for investing in real estate and private equity. Their private equity focus lies on companies in agro-tech, healthcare and sustainable technologies.
4) Claridge Israel (Israel)
As the name already suggests is Claridge Israel an Israeli based single family office. Claridge Israel is located in Herzliya and is run by CEO Oded Tal. The company heavily invests in venture capital with a focus on Israeli based late and growth stage startup firms. Exemplary investments include Cloudify, a multi-cloud orchestration platform and Cyberbit, a SOC skilling platform.
5) Dynamic loop Capital (Israel)
Dynamic Loop Capital is an Israel based single family office located in the city of Tel Aviv, Israels main startup hub. Founded by Sir Ronald Cohen, the father of European venture capital, Dynamic Loop Capital as his private venture capital investment vehicle, Dynamic Loop Capital invests in socially responsible and disruptive technology companies. The company is now run by Tal Keinan and Jonny Harel-Cohen.
The private investment vehicles of the wealthiest families in the Middle East are spread throughout the continent. Some countries have a high concentration of HNWI-investors. This is especially true for Dubai where the overwhelming majority of Single Family Offices is located. Israel and Saudi Arabia also have a lot of family offices but nowhere close to Dubai. For all other countries in the region, the family offices are evenly spread out. With turkey, Abu Dhabi, Oman etc. having a few family offices.
Family Investment Groups
In the Middle East there are plenty of wealthy families that establish a Single Family Office in order to manage their assets. We have built a huge database that includes SFOs from many Middle Eastern countries such as the Kingdom of Saudi Arabia, Turkey, UAE, Qatar, etc. This list is a true treasure for every investment and asset manager around the world.
+23 columns of valuable information
We build our lists to ensure optimal usability for our clients. There are three areas included: family information, contact details and investment information. So we provide you with general e-mail addresses, phone numbers, excecutive names, exemplary investments and many more features.
Disclaimer: due to the secrecy of some family offices, we are sometimes not able to provide you with email addresses or other pieces of information. In case we don’t know the exact investment focus, the specific column is marked as n.a.
The most important hotspots
The Middle East Region has dozens of important single family offices. Especially through the early oil rush many families and emperors amassed incredible wealth. In the following, we are introducing the most important countries.
United Arab Emirates: Establishment of an Arabian powerhouse
The United Arab Emirates is a country in Western Asia located on the Arabian peninsula. The UAE are a federation of seven Emirates the most important ones being Dubai, Abu Dhabi and Sharjah. Each Emirate is governed by a Sheikh and together they form the Federal Supreme Council while one of them serves as the President of the Emirates. In the 1970s the UAE started to use the revenues from their oil exports as a way to develop their healthcare, infrastructure and education. In our list most of the single family offices in the Middle East are located in the UAE and furthermore in Dubai. Dubai is the capital city of the United Arab Emirates and the main economic hub of the region.
Israel: The venture capital hub
Israel is a fairly young country having been established in 1949 after the second world war as a place of refuge and a new home for jewish people. The state of Israel has since then evolved to become one of the worlds largest technology powerhouses. Many innovations especially in the computer chip, internet technology military technology sector have been created in Israel. Today Tel Aviv has become a major hub for venture capital and startups in the Middle East. Israeli single family offices therefore often invest in venture capital with varying degrees of involvement.
Kingdom of Saudi Arabia: Major global investors
The Kingdom of Saudi Arabia is a country in Western Asia. Its territory encompasses most of the Arabian peninsula. Saudi Arabia is the largest country in the Middle East. The capital and largest city is Riyadh while the two most important cities in the Islam, Mecca and Medina are also located in Saudi Arabia. The ruling family in Saudi Arabia is the House of Saud while the king also acts as the prime minister of the country. Most of the Saudi Arabian single family offices in our list are either located in Riyadh or in Jeddah, another economic centre of the country. Saudi Arabia is very dependent on its oil and gas industry.
Our database is an excellent choice
Our team analyzed the middle eastern single family office market for months to collect more than 100 single family offices in a unique database. The database can be downloaded as an easy to use excel file. A vast amount of data points is included in the list, from details about the family offices, to investment and contact details. Customers use our list for various purposes: analyzing the Middle East family office market, finding relevant investors or identifying suitable customers. The list offers an overview of the investment firms of the wealthiest families in the middle eastern region.
Details in the directory: contact details, investment focus, background information
The list of the most important Middle East single family offices offers detailed information about the included entries. Contact details like phone number, email address, postal address and website are in many cases included. Furthermore, we list the names of the responsible executives and the family behind the family office (if possible). When it comes to the investment focus, we collect a wide range of data points. First of all, we state if the single family offices are investing in real estate, venture capital, private equity, financial markets or renewables. We also have a free text column where we state if the SFOs are investing in other asset classes like art or agriculture. The answers range from: yes to no or “not available”. That helps our customers to identify suitable SFOs in a second. In addition, we offer detailed information about the investment focus, e.g. in which asset classes real estate focused SFOs are investing.
Investment focus: real estate, financial markets, venture capital, private equity
Single family offices from the Middle East are active in a wide range of possible asset classes. That makes sense, since through an increased degree of diversification the portfolio risk can be reduced. Furthermore, the background of the single family offices from our database differs. Some families made their fortune in real estate business, while others through the oil industry. Accordingly, a real estate rooted family often also invests in real estate, while entrepreneurial families might want to support new businesses through venture capital or invest in existing, mid-sized companies through private equity. Pretty common in every single family office portfolio are financial investments like stock, bonds or financial products.
Different private investment vehicle types
Middle Eastern single family offices appear in different types. Most people understand a SFO as a specialized investment firm for a certain family. The investment professionals are carefully evaluating investment opportunities, taking care of the risk management and ensure long-term growth of the fortune, without forgetting to ensure recurring payouts. That’s the case for most family offices, but there are also other types. Some SFOs develop out of an existing family business which starts to invest in business-field related ventures and opportunities. Others are building their family offices – for example – around their real estate business. While some single family offices are held as stock-noted family holdings. Rather new is that some single family offices are also offering their services for external clients (to split the fixed costs of running an investment firm and to enlarge the assets under management). The type of the single family office mainly determines the investment approach and focus.
Picture Source: Unsplash (Hala AlGhanim); Unsplash(Jaanus Jagomägi); Unsplash(Shai Pal)
ROBERT DAVIS –
We are a family office — that like to “club” with other family offices. Excellent database! Very helpful.