Origin and beginning
He was born and raised in Riyadh, where he was instilled with strong family values and discipline. He moved to Dhahran to attend King Fahd University of Petroleum and Minerals, where he earned a bachelor's degree in Industrial and Financial Management. He then continued his studies in London, where he obtained a Master of Business Administration from City University. He began his professional career at major financial institutions, including Goldman Sachs in London.
The difficult start
In 2004, Al-Omran decided to establish what was then a bold idea: a long-term, institutionalized wealth management firm for Gulf families. He started from a room in his house and obtained his first license from the Central Bank of Bahrain. Today, more than 750 Gulf families trust him and his team.
Challenges
He faced refusal from some international banks to deal with a Gulf-based company and was forced to undergo testing and licensing from bodies such as the UK's FCA, the US SEC, and the Hong Kong Stock Exchange. But Al-Omran persevered. He founded The Family Office and then Petiole Asset Management AG in Switzerland, and now oversees assets exceeding $2 billion.
Successful investing does not mean diversifying portfolios at every bank, but rather a unified strategy that extends from 5 to 10 years.
Abdulmohsen Al-Omran
Al-Omran points out that 90% of wealthy families in the Gulf lose their wealth by the third generation due to excessive spending, weak financial literacy, and multiple heirs.