During an award ceremony held by World AI Show and Awards in Dubai on May 25 and 26, 2022, The Family Office was awarded the Best AI Use-Case Award (private sector – financial services) following its remarkable application of Artificial Intelligence (AI) technology in is business model. The World AI Awards recognizes the successful endeavors of innovators, entrepreneurs and solution providers in the field of AI as well as breakthroughs in implementing AI in the Middle East and North Africa.
As a leading wealth manager in the GCC, The Family Office has a long and successful history with digitization and innovation. AI has allowed the company to provide convenient and secure wealth management solutions that cater to the needs of the gulf investors, individuals and families.
Having recognized the importance of digitalization years ago, The Family Office embarked on a digital transformation journey in 2020. In May 2022, The Family Office launched its digital wealth management platform. This platform provides investors with the right tools to make a steadfast entry into the world of investment and wealth management. With the click of a button, a user can assess their risk appetite, access international and exclusive private market opportunities in partnership with world-class asset managers, receive an asset allocation proposal, then build and simulate their portfolio for 10 years, all within 10 minutes.
On the occasion of this achievement, Abdulmohsin Al Omran, Founder and CEO of The Family Office, said: “we are constantly investing in technology, namely AI, to further simplify our clients wealth management experience. Our investment into digitization and technology helps us cater to our clients’ needs in an ever-changing world.”
To learn more about the new digital platform The Family Office has launched, please visit (link).
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 families, individuals and investors. The firm helps clients achieve their wealth goals through custom-made investment strategies that cater to their unique needs.
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: US$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 SR20 million. CR No. 7007701696. 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.