Riyadh - Sharikat Mubasher: Vault, a leading digital wealth management and advisory platform, announced the expansion of its services into Saudi Arabia after obtaining the license from the Capital Market Authority (CMA) to provide advisory services across the Kingdom.
Through this launch, Vault will bring its goal-based, data-driven advisory model to Saudi nationals and residents, representing a significant structural change in the Kingdom's wealth landscape, the company stated in a press release yesterday.
Vault appointed Abdulrahman AlSudairy as General Manager for Vault Saudi. He has a multidisciplinary background spanning law, management consulting, entrepreneurship, and real estate. His experience includes advising on private equity transactions and public-market diversification strategies for family office portfolios.
The company serves investors in Saudi Arabia with $1-$10 million in investable assets who traditionally do not receive personalized services from retail platforms and are routinely overlooked by private banks, which are calibrated for much larger clients.
Commenting on this milestone, Sami Abdul Hadi, Co-Founder and COO at Vault, said: “As Vault marks its entry into Saudi Arabia, a country where we see the biggest opportunities, we are excited to bring together technology and market access to drive the wealth creation ambitions of the people here.”
For his part, AlSudairy emphasized that Vault focuses on creating access to personalized, goal-based advice and unlocking long-term wealth creation by helping clients plan for retirement, education, and the major life decisions that shape their financial futures. “We are excited to build our local team, and bring family-office-style global investment expertise to Saudi nationals and residents in a way that is firmly rooted in the Kingdom."
Clients in Saudi Arabia will access advice from Vault on how private market exposure can be thoughtfully integrated into a diversified, goal-based investment strategy.
Founded in 2023 by Bilal Abou-Diab and Sami Abdul Hadi, Vault is available to customers across over 20 countries and is backed by global investors, including Outliers VC and Peak XV.