Saudi Arabia Family Offices Market

Saudi Arabia Family Offices Market Overview:

The Saudi Arabia family offices market size reached USD 191.2 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 275.7 Million by 2033, exhibiting a growth rate (CAGR) of 4.15% during 2025-2033. Rising ultra-high-net-worth individuals, economic diversification, intergenerational wealth transfer, increasing demand for professional wealth management, regulatory reforms, growing interest in alternative investments, and expanding regional and global investment opportunities through institutionalized family structures are some of the factors propelling the growth of the market.

Saudi Arabia Family Offices Market Trends:

Growing Institutional Backing for Family-Owned Enterprises

In Saudi Arabia, family-owned businesses, which dominate the private sector, are gaining structured financial and governance support through recently signed partnerships. These developments signal a push toward long-term business continuity and strategic scalability. By reinforcing capital access and formalizing operational frameworks, such initiatives are expected to enhance the resilience of family-run enterprises and encourage smoother generational transitions. The focus is shifting toward professionalization and institutionalization, positioning these businesses to better compete in regional and global markets. This shift aligns with broader national goals to diversify the economy and reduce reliance on oil. Strengthened governance structures and financial stability may also open new investment avenues and partnerships, transforming the operational landscape for family enterprises in the Kingdom. For example, in February 2024, Saudi family businesses, which own around 95% of the Kingdom's enterprises, secured additional funding and governance support through newly inked agreements. These efforts aim to bolster the growth and sustainability of family-owned businesses in Saudi Arabia.

Collaborative Push toward Governance Excellence

Efforts to reinforce corporate governance in Gulf family businesses are gaining momentum through targeted collaborations. In Saudi Arabia, partnerships focusing on shared research, tailored training programs, and knowledge exchange are being used to support family-owned enterprises in navigating operational and succession-related complexities. These initiatives aim to build structured governance frameworks suited to regional dynamics, helping families manage transitions, formalize leadership roles, and align business practices with global standards. Such moves reflect a broader emphasis on sustainability and strategic planning within the family offices market. By addressing governance gaps and encouraging a culture of continuous learning, these joint efforts are expected to improve transparency, accountability, and long-term business continuity across the Kingdom’s dominant private enterprise segment. For instance, in May 2023, the Pearl Initiative and The Business Family House signed a memorandum of understanding to strengthen corporate governance in GCC family businesses. This partnership aims to address the unique challenges faced by family businesses in the region through joint research, training, and information sharing.

Saudi Arabia Family Offices Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on type, office type, asset class, and service type.

Type Insights:

• Single Family Office
• Multi-Family Office
• Virtual Family Office

The report has provided a detailed breakup and analysis of the market based on the type. This includes single family office, multi-family office, and virtual family office.

Office Type Insights:

• Founders’ Office
• Multi-Generational Office
• Investment Office
• Trustee Office
• Compliance Office
• Philanthropy Office
• Shareholder’s Office
• Others

A detailed breakup and analysis of the market based on the office type have also been provided in the report. This includes founders’ office, multi-generational office, investment office, trustee office, compliance office, philanthropy office, shareholder’s office, and others.

Asset Class Insights:

• Bonds
• Equities
• Alternative Investments
• Commodities
• Cash or Cash Equivalents

The report has provided a detailed breakup and analysis of the market based on the asset class. This includes bonds, equities, alternative investments, commodities, and cash or cash equivalents.

Service Type Insights:

• Financial Planning
• Strategy
• Governance
• Advisory
• Others

A detailed breakup and analysis of the market based on the service type have also been provided in the report. This includes financial planning, strategy, governance, advisory, and others.

Regional Insights:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

The report has also provided a comprehensive analysis of all the major regional markets, which include the Northern and Central region, Western region, Eastern region, and Southern region.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Saudi Arabia Family Offices Market News:

• In December 2024, Alnahdi Family Office was ranked as the number one small company to work for in Saudi Arabia in the 2024 Best Places to Work certification program. This recognition reflects the company's commitment to building a workplace culture rooted in excellence, innovation, and employee well-being.
• In March 2024, Franklin Templeton launched operations in Saudi Arabia by opening a new office in Riyadh. This expansion aims to provide investment solutions to local investors, including family offices and global private banks based in the region.

Saudi Arabia Family Offices Market Report Coverage:

Key Questions Answered in This Report:

• How has the Saudi Arabia family offices market performed so far and how will it perform in the coming years?
• What is the breakup of the Saudi Arabia family offices market on the basis of type?
• What is the breakup of the Saudi Arabia family offices market on the basis of office type?
• What is the breakup of the Saudi Arabia family offices market on the basis of asset class?
• What is the breakup of the Saudi Arabia family offices market on the basis of service type?
• What are the various stages in the value chain of the Saudi Arabia family offices market? 
• What are the key driving factors and challenges in the Saudi Arabia family offices?
• What is the structure of the Saudi Arabia family offices market and who are the key players?
• What is the degree of competition in the Saudi Arabia family offices market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Saudi Arabia family offices market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Saudi Arabia family offices market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Saudi Arabia family offices industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.