Family offices in the Middle East are increasingly diversifying into financial services, moving beyond traditional wealth preservation to active roles in asset management, private equity, and fintech. This shift is driven by global market dynamics and regional ambitions, aiming to enhance control over investments and influence in global finance.
Notable examples include Jadwa Investment, a premier investment management and advisory firm in Saudi Arabia, managing over SAR 70 billion in client assets. Similarly, EFG Holding, an Egyptian financial services company, operates across the Middle East, North Africa, Sub-Saharan Africa, and South Asia, specialising in securities brokerage, asset management, investment banking, private equity, and research. These developments position the Middle East as a burgeoning hub for financial innovation, redefining family wealth management in the region and beyond.
