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Assarain
The Said Salem Al Wahaibi Group of Companies began operations in 1975. Lt. Col. Said Salem Al Wahaibi serves as chairman. The family office structure grew from...
Assarain
The Said Salem Al Wahaibi Group of Companies began operations in 1975. Lt. Col. Said Salem Al Wahaibi serves as chairman. The family office structure grew from the group's trading and contracting base in Oman and continues to oversee both operating businesses and investment holdings. Assarain deploys capital through direct ownership of subsidiaries and joint ventures. Asset classes include real estate, infrastructure, natural resources, and food distribution. Positions include Alserkal & Assarain Concrete Products, Kone Assarain LLC, and Hatat Complex in Muscat. The office also holds a gabbro stone mine and more than 2,000 residential units in Oman and the United Arab Emirates. Activity centers on the Middle East with additional exposure noted across Africa, Asia, and Europe. The office lists no public professional count. Mohammed Al-Wahaibi sits on the board and maintains a separate role at Phaze Ventures. February 2025: Assarain announced a strategic partnership with EDECS for infrastructure and construction projects in Oman. The Al-Wahaibi Family Charitable Organization operates alongside the investment activities. Assarain maintains operational control through long-standing joint ventures with international partners such as KONE Corporation and Savills. This hybrid model ties investment decisions to active management of Omani operating companies rather than passive allocations.
General information
Firm type
Single Family Office
Year founded
1984
Location
Region
Asia
Country
Oman
City
Muscat
Corporate office
PO Box 1475, PC 112, Ruwi, Muscat, Oman
Principals
Lt. Col. Said Salem Al Wahaibi
Chairman
Altss tracks 2 additional named team members for this firm — including direct investment leads, IR, and operating principals not listed on the public website.
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Frequently asked questions
Who runs investment decisions at Assarain?
Lt. Col. Said Salem Al Wahaibi serves as chairman. Mohammed Al-Wahaibi and Sheikh Khalid Said Salim Al Wahaibi hold board roles that include oversight of investment and operating entities.
Does Assarain participate in fund commitments or only direct deals?
The office focuses on direct ownership of subsidiaries and joint ventures. No external fund commitments appear in public records.
Where does the underlying wealth come from?
Wealth originates from the Al-Wahaibi family's trading, construction, and industrial businesses that began in 1975 under the Said Salem Al Wahaibi Group.
What investment stages does Assarain target?
Confirmed stages include buyout, growth, seed, and venture capital through direct holdings and joint ventures.
How is Assarain related to the Al-Wahaibi Family Charitable Organization?
The charitable organization operates as a separate philanthropic vehicle alongside the family's investment and operating companies.
Does Assarain maintain exposure outside Oman?
Residential holdings extend to the United Arab Emirates. Confirmed geographic coverage also includes Africa, Asia, Europe, and North America.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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