Rasmala Partners

Rasmala operates as an independent asset manager, not a single-family office. It raises third-party capital from institutions, family offices, and high-net-worth individuals, primarily in the Gulf. The firm is regulated by the Dubai Financial Services Authority in the DIFC and holds a Capital Market Authority license in Saudi Arabia.

Rasmala deploys capital across private equity, private credit, and real estate. Its private equity work has centered on mid-market buyouts and growth deals in MENA, while its credit arm has targeted trade finance, equipment leasing, and SME direct lending. Real estate investments include Sharia-compliant income strategies and UK commercial property.

No. Rasmala was founded by Ali Al Shihabi as an independent platform. It is not the family office for a single wealth origin and does not manage a proprietary family balance sheet. It competes for institutional mandates alongside other regional asset managers.

Rasmala has historically acted as a fund manager rather than a co-investment syndicate leader. Its funds pool client capital for direct deployment into real assets and credit, and it has not publicly marketed a club-deal or co-investment program alongside third-party GPs.

Yes. Rasmala operates a licensed subsidiary in Riyadh under the Saudi Capital Market Authority, giving it on-the-ground origination capability in the region's largest economy. This complements its Dubai headquarters and provides direct access to Saudi deal flow.