Wednesday 10th July 2024 – Sanctuary, part of Summit Group, are delighted to announce that Zaid Al Rawi has joined as Managing Director, Middle East.
Operating from the United Arab Emirates, Zaid will be working alongside the senior leadership team to drive business growth and achieve the firm’s strategic objectives.
With 25 years’ experience in the financial services industry, Zaid’s career began in 1999 with Merrill Lynch in London, advising Middle Eastern family offices on investments and structuring. In 2006, he relocated to Dubai to work as the Sales Director for Barclays Wealth in the Middle East, North Africa and Turkey region.
Since 2013, Zaid has worked in private equity & real estate, advising investors in the GCC. Most recently, he served as Managing Director, MENA for M7 Real Estate and later Martley Capital, where he continues as an advisor.
Zaid has held various governance, advisory and project roles with Sanctuary since the firm’s inception in 2019. He said:
“I’m eager to start my new role at Sanctuary. Having collaborated with the team in various capacities over the last five years, I look forward to leveraging my experience to contribute to the company's growth. I trust in our ability to deliver high-quality services to our clients in the Middle East.”
Deepak Malhotra, CEO of Sanctuary, said:
“We are pleased to officially welcome Zaid to Sanctuary. His experience and understanding of the finance industry in the Middle East make him a valuable addition. We are confident that under his leadership, our presence and impact in the region will grow.”
Sanctuary looks forward to Zaid’s contributions and the positive changes his leadership will bring.
For further information please contact
pr@sanctuary.ae
About Sanctuary
Sanctuary was established in 2019 to help clients grow, protect and pass on their capital, navigating an increasingly complex world. Sanctuary delivers tailored fiduciary, advisory and administrative services, working closely with corporate and private clients and their advisors. The firm has offices in Dubai, Abu Dhabi & Riyadh. Since 2024, Sanctuary has been part of the Summit Group.
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Vision 2030 is a strategic framework designed to diversify Saudi Arabia’s economy, reduce its dependency on oil, and transform the Kingdom into a global business hub.
Key points include economic diversification, social reforms, investment in technology and infrastructure, sustainability, and creating a competitive workforce.
The main focus of the Saudi Arabian Vision 2030 strategy is to build on key economic sectors such as hospitality, travel and tourism and build economic stability and sustainability.
Saudi Arabia’s Vision 2030 initiative is aimed at diversifying its economy through strategic investments into the non-oil sector and ensuring a more sustainable economic future.
Saudi Arabia has committed over $500 billion to Vision 2030, funding projects that span a variety of sectors, including energy, tourism, and infrastructure.
Yes, with its growing economy, reform initiatives, and investment incentives, Saudi Arabia is a highly attractive destination for foreign businesses seeking growth opportunities.
Key growing industries include renewable energy, tourism, healthcare, technology, and education.
Saudi Arabia permits foreign owned businesses and investment into the Kingdom, which has been elevated by the Vision 2030 initiative. A MISA licence is required for foreign investors or businesses to establish.
As a result of the diversification efforts of Saudi Vision 2030, the non-oil and private sector in the Kingdom have witnessed unprecedented growth in the past few years. The private sector continues to grow each quarter and the non-oil sectors continue to reach record contributions for the Kingdom’s GDP.
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