BASED IN ABU DHABI, ALMHA CAPITAL IS AN INDEPENDENT FINANCE HOUSE EMBRACING BOTH TRADITION AND MODERNITY TO OFFER ITS PRIVATE AND INSTITUTIONAL CLIENTS A RELATIONSHIP BASED ON TRUST, CUTTING-EDGE PRODUCTS AND UNIQUE EXPERTISE IN THE PURSUIT OF STRONG PERFORMANCE, AND RESPONDING TO THE NEW CHALLENGES OF THE FINANCIAL WORLD.

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Founded in 2023 by two prominent GCC (Gulf Cooperation Council) businessmen, Almha Capital is a an independent house dedicated to finance.

Almha Capital embodies the vision of their founders as an international player, capitalising on the UAE’s increasingly important role as a new centre for international wealth management.

With years of experience serving the most prestigious families, businesses and institutions, Almha Capital has acquired unique expertise in building and passing on capital for future generations.

Almha Capital is responding to the new challenges of the financial world. Its commitment offers a model regulated by the FSRA (Financial Services Regulatory Authority Abu Dhabi), combining security and risk control with a high level of customer service.

PHILOSOPHY

TRADITION

OF ADAPTABILITY

ALMHA CAPITAL WAS FOUNDED WITH A SUSTAINABLE, MULTI-GENERATIONAL VISION OF WEALTH PRESERVATION. ITS VOCATION IS TO BUILD A LASTING PARTNERSHIP WITH ITS CLIENTS, GUIDING THEM THROUGH UNCERTAINTY TOWARDS LASTING FINANCIAL PROSPERITY AND SECURITY. ITS AIM IS TO GIVE THEM THE MEANS TO ACHIEVE FINANCIAL PROSPERITY THROUGH PERSONALISED INVESTMENT SOLUTIONS.

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Mr Hareb Al Darmaki,
In 1976, Mr. Al Darmaki assumed the role of Director in the Bond & Equity department at the Abu Dhabi Investment Authority (ADIA), reporting directly to H.H., the Managing Director. His current responsibilities at ADIA encompass crucial aspects such as asset allocation, portfolio management, and strategic decision-making. Mr. Al Darmaki is actively involved as a member of the Investment, Strategy, and Alpha Committees at ADIA.

In addition to his significant contributions at ADIA, Mr. Al Darmaki holds various board positions. He serves as a Board and Committee Member at the Emirates Investment Authority and Gulf capital.

His past roles include Chairmanship at esteemed institutions such as the Central Bank of the UAE, Abu Dhabi Investment Company, Abu Dhabi Securities Market, Global Investment House (Kuwait), and Board Membership at the National Bank of Abu Dhabi, Al Hilal Bank, Arab Banking Corporation, and Qatar Telecom (Ooredoo).

In his capacity as an entrepreneur, Mr. Al Darmaki is the foun ding partner of Gulf Capital, a prominent private equity firm in the UAE. The firm received the prestigious Best Private Equity in MENA award from global industry peers at the Private Equity International («PEI») in 2022.

Mr Amjed Al Jaffery
Amjed embarked on his career journey at Price Waterhouse in the financial sector, catering to major financial institutions. He was later dispatched to the GCC to address the region’s burgeoning needs. During his tenure there, Amjed forged strong relationships with local key players, laying the groundwork for his venture into entrepreneurship. Leveraging this network, he founded Mount Street, an advisory firm specializing in family office solutions and financial advisory services in Saudi Arabia.

Under his leadership, Mount Street played a pivotal role in assisting some of the most influential families in the region. This included streamlining their assets into cohesive portfolios, leading restructuring initiatives, and ensuring operational stability. Capitalizing on these accomplishments, Mount Street expanded its services to advise quasi-government entities throughout the GCC.

In 1989, the company transitioned to the UK and rebranded as SAAJ Group. Its focus shifted to supporting large institutional clients and families in their capital deployment within the UK, with a keen focus on investments in the technology and health sectors. Notable clients included the Kuwaiti Investment Authorities, Adia, Oaks Lyman, and various Middle East sovereign funds.

Following the 2008 financial crisis, SAAJ Group diversified its portfolio to include debt and equity restructuring for real estate investments, addressing the pressing need for liquidity in a distressed market.

In 2019, Mr. Al Jaffery assumed leadership of QSat, a telecommunications company established in 2001. QSat is committed to delivering dependable solutions for governments, oil and gas, aviation, and the maritime industry. It quickly rose to prominence, establishing itself as a top independent satellite communication provider in its sector.

Mr Xavier Esteve
Xavier Esteve embarked on his career in the financial sector, initially serving as a lead advisor and transaction specialist at PwC, where he provided guidance to banks and private equity funds on M&A projects. During the 2008 financial crisis, he seized the opportunity to enhance his expertise by focusing on distress situations, turnaround strategies, and portfolio rationalization, particularly in response to the challenges posed by the subprime crisis.

In 2013, Mr. Esteve made a significant move to Brazil, where he became part of the executive committee of a privately held investment portfolio. The diverse portfolio spanned various sectors, including energy, bio assets, infrastructure, terminals, logistics, real estate, and commodity trading.

Assuming the role of CEO in 2014, Mr. Esteve oversaw numerous liquidity events, mergers, turnaround initiatives, acquisitions, and debt negotiations. Through these strategic projects, he not only gained a profound understanding of the private equity sector but also established a robust network of institutional partners and a commendable track record in deal execution.

Returning to Switzerland in 2021, Mr. Esteve formulated an investment theory focused on wealth management and private equity tailored to the Swiss market. In early 2023, his vision aligned with that of Almha investor, leading to a decision to join forces and create a new entity within the investment industry.

MISSION

INNOVATION

TO PERFORM

ALMHA CAPITAL’S MISSION IS TO OFFER ITS CLIENTS HIGH-PERFORMANCE,
TAILOR-MADE SOLUTIONS THAT ENHANCE RETURNS WHILE PRESERVING CAPITAL
IN LINE WITH THEIR OWN VALUES, DESPITE UNCERTAINTY AND PROFOUND CHANGES IN THE ENVIRONMENT. OUR OPEN ARCHITECTURE, ENTREPRENEURIAL SPIRIT AND INDEPENDENT MODEL ENABLE US TO INVEST IN THE BEST PERFORMING VEHICLES AND MANAGERS, ENHANCING RETURNS WHILE PRESERVING CAPITAL AND HAVING A POSITIVE IMPACT ON OUR CLIENTS.

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PROXIMITY INDEPENDENCE HOLISTIC ETHICS ACCOUNTABLE TAILOR-MADE PROXIMITY INDEPENDENCE HOLISTIC

INDEPENDENCE
OPEN ARCHITECTURE

PROXIMITY
CLOSE TO OUR CUSTOMERS

HOLISTIC
TAKING THE WHOLE PICTURE INTO ACCOUNT TO DESIGN THE BEST SOLUTION

TAILOR-MADE
FOCUSING ON CUSTOMERS’ NEEDS
WITH EFFECTIVE SOLUTIONS

ACCOUNTABLE
MANAGING RISKS & BENEFITS
WITH THE UTMOST CARE

ETHICS
ENSURING HONESTY
& INTEGRITY IN
ALL PROCESSES

ETHICS ACCOUNTABLE TAILOR-MADE

ADVISORY

SERVICES

ALMHA OFFERS UNPARALLELED RESOURCES, ACCESS AND GUIDANCE TO
HELP YOU TO MAXIMIZE YOUR IMPACT AND YOUR WEALTH.
YOUR ADVISOR IS ATTUNED TO YOUR GOALS AND VALUES AND ALMHA EXPERTISE
CREATES OPPORTUNITIES TO REACH THE GOALS ON YOUR BEHALF.
OUR EXPERTISE PROVIDES A NOVEL APPROACH TO A CLIENT BASE EVOLVING
AND GROWING DURING SOCIO-ECONOMIC CHANGES.

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WE TAKE A COMPREHENSIVE APPROACH TO
ALIGN WITH OUR CLIENT INTERESTS WE PROVIDE EXPERTISE IN:

FAMILY OFFICE SOLUTIONS
LIQUIDITY AND LENDING STRUCTURING
INVESTMENT ADVISORY
WEALTH AND ASSET MANAGEMENT
MERGERS AND ACQUISITIONS
ESG INVESTMENTS

TO LEARN MORE ABOUT OUR SERVICES,
PLEASE REQUEST A MEETING.

FAMILY OFFICE
SOLUTIONS

WEALTH & ASSET
MANAGEMENT

LIQUIDITY & LENDING
STRUCTURING

MERGERS &
ACQUISITIONS

INVESTMENT
ADVISORY

ESG
INVESTMENTS

EXPERTISE

AS AN INDEPENDENT ASSET MANAGER, ALMHA CAPITAL TAKES A CLIENT-CENTERED APPROACH. OUR EXPERTISE, EXPERIENCE AND QUANTITATIVE APPROACH ARE THE PILLARS THAT ENABLE US TO DELIVER SOLID PERFORMANCE TO OUR CLIENTS WHILE MANAGING RISK. IN AN ENVIRONMENT CHARACTERISED BY VOLATILE FLUCTUATIONS, WE PROVIDE RELIABLE AND CONSISTENT PERFORMANCE SOLUTIONS TO A CLIENT BASE THAT IS CONSTANTLY EVOLVING AND GROWING.

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We uphold that optimal performance depends on effective capture of market regimes.

We are one of the few ADGM-licensed asset managers in UAE.

When selecting investment instruments, the key criteria are transparency, liquidity, quality and cost minimisation.

Independence is synonymous with
open architecture, which means the absence of
conflicts of interest.

For our asset allocation, we support the use of a strong, top-tier asset allocation model to counteract cognitive biases in a comprehensive manner.

We maintain that
experience is the main catalyst for
performance.

Portfolio risk/return is calibrated using risk optimisation and monitoring tools.

Positioned to comply with new regulation and new technological developments.

PORTFOLIOS

ALMHA OPERATES EITHER UNDER THE TERMS OF A DISCRETIONARY OR AN ADVISORY MANAGEMENT MANDATE. AFTER REVIEWING YOUR NEEDS, WE FULLY CUSTOMIZE A PERSONALIZED STRATEGY MATCHING YOUR PROFILE, INVESTMENT OBJECTIVES AND SPECIFIC RISK TOLERANCE.

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WITH A DISCRETIONARY MANDATE, YOU ENTRUST THE MANAGEMENT OF YOUR PORTFOLIO TO OUR MANAGEMENT TEAM AND OUR INVESTMENT COMMITTEE. YOU BENEFIT NOT ONLY FROM THE EXPERIENCE AND EXPERTISE OF OUR INVESTMENT PROFESSIONALS BUT ALSO FROM OUR HIGH-PERFORMANCE TOOLS. WE ACTIVELY MANAGE YOUR PORTFOLIO AND ADAPT IT TO MARKET DYNAMICS TO MINIMISE LOSSES DURING PERIODS OF VOLATILITY.

DISCRETIONARY MANDATE

  • INVESTMENT RANGE
    STOCKS, MONEY MARKET, BONDS,
    ALTERNATIVE INVESTMENTS, STRUCTURED PRODUCTS.
  • PREFERENCE CURRENCY
    USD, EURO, AED, YEN
  • INSTRUMENTS
    FUNDS AND DIRECT INVESTMENTS
  • RISK PROFILES
    DEFENSIVE, BALANCED, DYNAMIC
CLICK HERE TO READ MORE ABOUT ALMHA’S ADVISORY MANDATE

AS PART OF AN ADVISORY MANDATE, WE ACT AS A SPARRING PARTNER, DEDICATED TO YOUR VISION AND VALUES, COMPARING YOUR INVESTMENT IDEAS AND ADVISING YOU ON ASSET ALLOCATION, SINGLE LINES AND INVESTMENT VEHICLES.

ADVISORY MANDATE

  • INVESTMENT RANGE
    STOCKS, MONEY MARKET, BONDS,
    ALTERNATIVE INVESTMENTS, STRUCTURED PRODUCTS.
  • PREFERENCE CURRENCY
    USD, EURO, AED, YEN
  • INSTRUMENTS
    FUNDS AND DIRECT INVESTMENTS
  • RISK PROFILES
    DEFENSIVE, BALANCED, DYNAMIC

PRODUCTS

OUR INITIATIVE IS DRIVEN BY A DEDICATION TO INTEGRATE INTERNATIONAL
FINANCIAL EXPERTISE WITH THE GROWING PROSPECTS IN THE UAE’S
INSTITUTIONAL MARKET. ALMHA CAPITAL SPECIALIZES IN UNIQUE FUNDS THAT PRESENT
DISTINCTIVE INVESTMENT THESES ALIGNED WITH THE MIDDLE EAST ECOSYSTEM.
WE ENSURE PROCESS EXCELLENCE AND INTERNATIONAL REACH.
WE ARE THRILLED TO ANNOUNCE THE LAUNCH OF OUR INAUGURAL FUND, TRUST E-SPORT
A PRIVATE EQUITY FUND POSITIONED UNIQUELY IN THE MARKET AS ONE OF
THE FEW FOCUSING ON GAMING AND E-SPORTS INDUSTRY.

COMMITMENT

SUCCESSFUL FINANCE IS ABOUT BUILDING A PORTFOLIO THAT IS BEST SUITED TO EACH CLIENT’S NEEDS. WE FIRMLY BELIEVE IN THE UNIQUENESS OF EACH OF OUR CLIENTS, AND AN IMPORTANT ASPECT OF OUR SUCCESS STEMS FROM OUR ABILITY TO UNDERSTAND THE CLIENT’S OBJECTIVES AND ASPIRATIONS FOR HOW THEIR MONEY SHOULD BE INVESTED. THEREFORE, TO ACHIEVE OPTIMUM PERFORMANCE FOR OUR CLIENTS, THE FIRST STEP IS TO ENGAGE IN A TRANSPARENT CONVERSATION ABOUT HOW WE CAN HELP SHAPE THEIR FINANCIAL LEGACY.

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Client assessment involves understanding your objectives, time horizon, risk tolerance, liquidity needs, income requirements and long-term goals.

Based on our understanding of the client’s objectives, an appropriate asset allocation strategy will be deployed in lines with the client’s risk profile.

Diversification techniques to spread risk across different asset classes, sectors and geographical regions, will be applied to ensure that the portfolio is not overly concentrated reducing overall risk.

We regularly monitor the performance of the client’s portfolio and assess whether it is still in line with his/her objectives.

We maintain constant communication with our clients to keep them informed of portfolio performance, market conditions and changes, new regulatories, adjustments made and to assess whether there have been any changes in the client’s objectives or needs.

TEAM

ALMHA CAPITAL EMBODIES A STRONG TEAM SPIRIT, BORN OUT OF ITS FOUNDERS’ SHARED EXPERIENCE IN THE ASSET MANAGEMENT MARKET. OUR TEAM IS DEDICATED TO DELIVERING EXCEPTIONAL SERVICE AND MADE UP OF SEASONED PROFESSIONALS WITH DIVERSE BACKGROUNDS IN FINANCE, ASSET MANAGEMENT, COMMODITIES AND CLIENT RELATIONS. EACH MEMBER BRINGS A WEALTH OF EXPERIENCE & EXPERTISE FROM AROUND THE WORLD TO CULTIVATE EXCELLENCE IN MANAGING CLIENTS’ ASSETS

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This philosophy reflects the ambition of the United Arab Emirates to become the new hub of international wealth management and a leading finances centre.

As intended by its founding members, Almha is both an innovative company and a bridge between European finances tradition and UAE entrepreneurial spirit.

Almha’s capital model comes from the men and women behind our success. We are a recognised leader in the world of independent asset management and can offer unique opportunities to develop talent and skills.

Our model guarantees both independence and technical resources for experienced and skilled managers who want to integrate a dynamic structure with the latest technologies.

REGULATORY

AS AN INDEPENDENT FINANCE MANAGER BASED IN ABU DHABI, ALMHA CAPITAL IS GOVERNED BY THE ADGM AND THE CENTRAL BANK OF THE UNITED ARAB EMIRATES.

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External & internal audits
Almha Capital carries out
regular external
and internal audits to
comply with ADGM
requirements. This process
ensures the security of
all Almha’s stakeholders
and customers.

External Auditor
Grant Thornton

Internal Auditor
BDO

ABU DHABI GLOBAL MARKETS (ADGM)
ADGM is the UAE’s independent financial market regulator and an international financial centre. Its mandate is to supervise banks, insurance companies, stock exchanges, securities dealers, collective investment schemes, their asset managers and fund management companies. It also regulates insurance distributors and intermediaries. It is responsible for protecting creditors, investors and policyholders. The ADGM is responsible for ensuring the smooth operation of the UAE’s financial markets.

CENTRAL BANK OF UNITED ARAB EMIRATES (CBUAE)
The main supervisory objective of the Central Bank of the United Arab Emirates, in line with the regulators’ core principles for effective banking supervision, is to promote the safety and soundness of licensed financial institutions, particularly those in the banking, insurance, payments and remittance sectors.

CONTACT

OUR OFFICE IS LOCATED IN THE FINANCIAL HEART OF ABU DHABI, ABU DHABI GLOBAL MARKETS (ADGM), THE CAPITAL OF THE UAE AND NEXT TO THE VIBRANT CITY OF DUBAI.

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By phone
+971 26 67 24 30


By road
1017 Al Khatem Tower
Al Maryah Island ADGM
Abu Dhabi, UAE