Vault, the digital wealth management and advisory platform headquartered in the Abu Dhabi Global Market (ADGM), has expanded into the Kingdom of Saudi Arabia. This strategic move follows the approval of its Capital Market Authority (CMA) license for advisory services, allowing the firm to bring its technology-enabled investment model to one of the region’s most significant financial landscapes.
To lead the local operations, Vault has appointed Abdulrahman AlSudairy as general manager for Saudi Arabia. AlSudairy, who brings a multidisciplinary background in law, management consulting, and private equity, will oversee the bank’s local team and its efforts to root global investment expertise firmly within the Kingdom.
Filling the $1M–$10M “Millionaire Gap”
Vault’s entry into Saudi Arabia is driven by a specific mission: to serve investors with $1 million to $10 million in investable assets. This segment has traditionally occupied a “blind spot” in the financial sector, where individuals are often too large for basic retail apps but are routinely overlooked by traditional private banks calibrated for ultra-high-net-worth clients.
“Saudi Arabia’s economic diversification is shaping a new phase of wealth creation… and Vault Saudi is committed to helping millions of investors participate in that journey,” stated Abdulrahman AlSudairy.
A $1.04 Trillion Opportunity
The expansion arrives as Saudi Arabia undergoes a structural shift in its wealth landscape. The Kingdom’s investable wealth currently stands at $1.04 trillion and is projected to climb to $1.31 trillion by 2029. This growth is fueled by a younger, digitally savvy population that is moving away from traditional asset bases like cash and property in favor of diversified digital platforms.
Aligned with Vision 2030, Vault seeks to support a financially self-reliant population by broadening participation in both public and private capital markets. Currently, 81% of Saudi retail banking customers access services via mobile, indicating a high appetite for Vault’s digital-first advisory model.
The Vault Model: Tech-Enabled, Human-Led
Vault’s investment philosophy utilizes a Shariah-compliant “core-and-satellite” approach:
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45% Core: Globally diversified low-cost exchange-traded funds (ETFs).
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30% Satellite: Thematic, custom, and private allocations.
20% SmartCash: A fully liquid cash management solution.
While the platform is data-driven, it pairs every client with a human advisor who provides a sounding board for major life decisions and periods of market volatility. This model has seen significant traction; over the past year, the average client portfolio grew by 20%, and the number of accounts exceeding $1 million in assets has doubled annually since launch.
About Vault
Founded in 2023 by Bilal Abou-Diab and Sami Abdul Hadi, Vault is a digital private wealth platform purpose-built for the modern affluent in the MENA region. Backed by global investors including Peak XV (formerly Sequoia Capital India & SEA) and Outliers VC, the platform combines fiduciary-grade advisory with curated access to global public and private markets.
