The Family Office Founder and CEO, speaks to Argaam about "Wealth Management for New Generation Investors”

Abdulmohsin Al Omran, Founder and CEO of The Family Office: “Technology has been used in the financial system since the 1970s… We built a digital platform that allows investors to access the best international opportunities.”

Abdulmohsin Al Omran, Founder and CEO of The Family Office, said that the deployment of technology in the financial system dates to the 1970s and has evolved to reduce operational costs and allow investors quick and easy access to investment tools.

In an exclusive interview with Argaam, Al Omran stated that the Saudi government has been developing and investing in technology for a long time, providing many e-services, including the “Absher” platform. The Saudi government is still ahead of the private sector and other G20 countries in developing and investing in technology. “Vision 2030” supported the development of technology and encouraged the financial sector to invest in technology that resulted in applications like “Careem,” “Jahez,” “Darahem” and others.
 

Al Omran mentioned that The Family Office was founded in 2004 when the asset management industry was still emerging in the GCC. The field started expanding in 2005 and evolved quickly to outstanding levels with effective technological contributions, he added.

"Asset management companies must invest in and benefit from technology, which is a complicated, difficult process that requires effort, time, experience, money and, above all, educating investors about technological tools so that they can accept electronic platforms and entrust them with the most precious thing they own, their wealth," he said.

The Family Office developed a digital investment platform for the GCC and expanded it to the European markets, starting with Switzerland.

He explained that the new platform gives investors access to the best international investment opportunities, that were previously available only to the largest investors who commit $10 million or more.

"Investors choose how and where to allocate assets, what companies to invest in and whether to invest in growth companies or income-generating investments," he said.

In just 10 minutes, investors get a proposal for asset allocation and fund distribution after answering specific questions. They also review updates on the performance, asset prices and investment value, Al Omran concluded.

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About The Family Office:

The Family Office in Bahrain and its Riyadh-based wealth manager, The Family Office International Investment Company, are regulated by the Central Bank of Bahrain and the Capital Market Authority of Saudi Arabia, serving hundreds of family and individual investors. The firm helps clients achieve their wealth goals through custom-made investment strategies that cater to their unique needs. 

Disclaimer:

The Family Office Co. BSC (c) is a Category 1 Investment Firm regulated by the Central Bank of Bahrain, C.R. No. 53871 dated 21/6/2004. Paid Up Capital: $10.000.000. The Family Office Co. BSC (c) only offers products and services to ‘accredited investors’ as defined by the Central Bank of Bahrain.
 

The Family Office International Investment is a joint-stock closed company owned by one person. Paid-up capital: SAR 20 million. CR No. 7007701696.  It was 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.