UBS Saudi Arabia

UBS Saudi Arabia, a subsidiary of UBS AG, is authorized and regulated by the Capital Market Authority to conduct securities business under license number 08113-37 dated 4 Rajab 1429H (corresponding to 7 July 2008) and has a commencement date of 19 Rajab 1430H (corresponding to 12 July 2009) for the following securities business activities:

dealing as agent (except in the Saudi Arabian stock market)
underwriting
managing client portfolios
arranging
advising, and custody of securities

UBS Saudi Arabia deals in all international markets (through its affiliates within the UBS AG Group), with the exception of the local stock market in Saudi Arabia and stock markets in sanctioned countries by the United Nations.

UBS Saudi Arabia is a Saudi closed joint stock company incorporated in the Kingdom of Saudi Arabia with a paid capital of 110,000,000 Saudi Riyals under commercial register number 1010257812 having its registered office at Laysen Valley, building 6, P.O. Box 75724, Riyadh 11588, Kingdom of Saudi Arabia.

UBS Saudi Arabia is owned 100.00% by UBS AG.

The registered address of the shareholder UBS AG is: Bahnhofstrasse 45, 8001 Zurich and Aeschenvorstadt 1, 4051 Basel, Switzerland.

Products and services

UBS Saudi Arabia is a subsidiary company of UBS AG. The two business groups of UBS AG carry out business in Saudi Arabia through UBS Saudi Arabia:

Investment Bank provides services to corporate and institutional clients with expert advice, innovative solutions and outstanding execution for both simple and complex transactions.

Wealth Management provides financial services to wealthy clients. It includes a full range of wealth management services from asset management to estate planning and corporate finance advice.

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Additional Information

Board of Directors

Ramzi Abukhadra

Current function

Chairman of the Board

Education

	1997 – 06/1999		HARVARD UNIVERSITY GRADUATE SCHOOL of BUSINESS ADMINISTRATION Master in Business Administration. Member Delta hedge fund, Harvard Oil & Gas Society - BOSTON, MA
	1990 – 1992		UNIVERSITY OF TEXAS AT AUSTIN Master of Science in Chemical Engineering. Conducted a two-year research and published Master’s thesis and technical papers on hydrocarbons sorption from dilute aqueous solutions using polymeric microspheres - AUSTIN, TEXAS
	1984 – 1987		UNIVERSITY OF TENNESSEE AT KNOXVILLE Bachelor of Science in Chemical Engineering with Honors. 1985 Chemical Engineer “Student of the Year” award. Member Tau Beta Pi National Engineers Honor Society and Golden Key Honor Society. Mid East and Africa international students’ representative at the university international student center. Elected international students’ representative to the university student senate - KNOXVILLE, TENNESSEE
	1984		INTERNATIONAL COLLEGE Completed the Lebanese Baccalaureate Program Part II with distinction - BEIRUT, LEBANON

Professional History

	2016 – Present		NATIONAL BLOOD & CANCER CENTER - RIYADH, SAUDI ARABIA Director
	2014 – 2016		KUWAIT COMPANY FOR PROCESS PLANTS - KUWAIT, KUWAIT Director
	2013 – Present		METLIFE - AIG – ANB COOPERATIVE INSURANCE COMPANY-RIYADH,SAUDI ARABIA Chairman of the Board of Directors
	2013 – Present		MAYAASIM AL-KHALEEJ - RIYADH – SAUDI ARABIA Managing Partner
	2011 – Present		GULFMERGER - LEVANT & GCC Advisor
	2011 – 2013		TAIB BANK – BAHRAIN VICE CHAIRMAN
	2011 – 2013		TAAMEER REAL ESTATE COMPANY – KUWAIT MEMBER – BOARD OF DIRECTORS
	2012 – 2014		MNF3 AL-JAZERRA – KHOBAR, SAUDI ARABIA MEMBER – BOARD OF DIRECTORS
	2003 – 2011		JPMORGAN CHASE BANK – BAHRAIN Managing Director
	2001 – 2003		RASMALA INVESTMENTS - DUBIA, UNITED ARAB EMIRATES Director
	2000 – 2003		IHILAL FINANCIAL SERVICES - DUBIA, UNITED ARAB EMIRATES Managing Partner
	1999 – 2000		THE CARLYLE GROUP - RIYADH, SAUDI ARABIA Associate/ Director – Carlyle Arabia
	Summer 1998		CAMBRIDGE ENERGY RESEARCH ASSOCIATES - CAMBRIDGE, MA Analyzed mergers and acquisitions in the oil downstream industry
	1996 – 1997		SAUDI ARAMCO - RAS TANURA, SAUDI ARABIA Lead Project Engineer
	1994 – 1996		ARAMCO SERVICES COMPANY/ BECHTEL - CALGARY, CANADA Project Engineer
	1992 – 1993		SAUDI ARAMCO - RAS TANURA, SAUDI ARABIA Lead Plant Process Engineer
	1987 – 1990		ARABIAN AMERICAN OIL COMPANY (ARAMCO) - DHAHRAN, SAUDI ARABIA Plant Process Engineer / Process Simulation/ Consulting

Niels Zilkens

Current function

Head Wealth Management Middle East

NielsZilkens

Education

	2004		PhD in Economics at the University of Zurich
	2001		Masters in Economics at the University of Zurich
	1998		Bachelor in Economics at the University of Zurich

Professional History

	Since 2012		UBS, Zurich and Dubai
	Since 10-2023		Head Wealth Management Middle East
	Since 01-2022		Supervising the global Non-Resident Indian (NRI) client segment
	07-2015/10-2023		Lead Market Head of Wealth Management Arabian Gulf & Non-Resident Indian (NRI), Head Wealth Management Dubai Advisory Office
	01-06/2018		Ad interim Head for Central Europe, Greece, France and Benelux
	2012-07/2015		Market Head Non-Resident Indian (NRI) and member of the WM MENA MC
	2009/2012		Clariden Leu, Zurich and Dubai Business Area Head Indian Subcontinent, Far East and Non- Resident Indian (NRI)
	2001–2008		Credit Suisse, Zurich and Dubai
	2004–2008		Team Head within the NRI and Indian sector, Credit Suisse Private Banking, Zurich and Credit Suisse DIFC
	2001–2004		Senior Economist, Credit Suisse Real Estate Research, Zurich
	1999		Swiss National Bank (SNB), Zurich Junior Economist

Mandates

Vice Chairman of the Board of UBS Saudi Arabia
Chair of the GWM Middle East Management Committee
Member of the Swiss Business Council in the UAE

Christopher Mark Petheram

Current function

Vice Chairman Asset Management

Education

	1982 - 1986		University of Bristol Electrical and Electronic Engineering, B. Eng.
	1977 - 1981		Wellington College, Berkshire O, A and S Levels

Professional History

	2010 - present		UBS AG, London, Head of Global Sovereign Institutions.
	1999 - 2010		UBS AG, London, UBS Global Asset Management Initially Head of the Middle East.
	1988		Mercury Asset Management, London Fixed income fund manager – Managing GCC client portfolios.
	1996 - 1998		Nomura Asset Management, London Head of EMEA sales.
	1992 - 1996		United Bank of Kuwait, London Fixed income fund manager - Managing GCC client portfolios.
	1990 - 1992		Century Asset Management, London Fixed income fund manager - Managing North American client portfolios.
	1987 - 1990		CIGNA Corporation, London Fixed income fund manager - Managing Life and Non-life investment portfolios
	2008 - 2011		UBS Saudi Arabia Ex-Non Executive Board member

Professional experience

			Member of the UBS Global Asset Management Executive Committee

Wahdan S. Alkadi

Current function

Board Member

Education

	June 2010		King Fahad University for Petroleum and Minerals EMBA, Executive Business Administration
	June 2000		King Fahad University for Petroleum and Minerals B.Sc., Industrial Management

Professional History

	2019 - present		Ministry oF Tourism (TDF) Chief Commercial Officer
	2019 - 2019		Zain Investment Consultant / VP of Investor Relations
	2018 – 2019		Tatweer Sports (Tharawat Holding Subsidiary) Chief Executive Officer
	2015 – 2018		Tharawat Holding Portfolio Director
	2012 - 2015		Tharawat Holding Senior Investment Manager
	2011 – 2012		Technical and Vocational Training Corporation Strategic Partner Advisor
	2010 – 2011		Ras Al Salam Holding Investment and Business Development Manager
	2004 – 2009		Hoshanco Holding Senior Vice President
	2001 – 2004		Saudi American Bank (SAMBA) Assistant Manager

Mandate

	2018 - present		Chubb Insurance Board Member
	2018 - present		Chubb Insurance Risk Committee
	2018 - present		Chubb Insurance Nomination & Remuneration Committee
	2015 - 2019		Etihad Jawraa “Lebara” Internal Audit Committee
	2018 - 2019		Thob Al Aseel Internal Audit Committee

Schady Saeb

Current function

Managing Director

Non-Executive Board Member

Education

	2018		Advanced Leadership Program, Judge Business School, Cambridge University - Cambridge, UK
	1995-1996		Mercer University, Bachelors in Business Administration and Finance- Atlanta GA, USA

Professional History

	2019 – Present		UBS – Geneva, Switzerland Head UHNW Saudi Arabia, Managing Director
	1997 - 2019		Citi - Geneva- Switzerland Managing Director

Mandate

			Non-Executive Board Member, UBS Saudi Arabia

Team

Bassel Zaouk

Chief Executive Officer

Bassel Zaouk joined in February 2024 as Chief Executive Officer for UBS in the Kingdom of Saudi Arabia. Prior to that, Bassel has worked in Deutsche Bank since 2006, most recently as Chief Executive Officer for Deutsche Securities Saudi Arabia since 2019.

Bassel held a number of senior positions in both the Wealth Management and Corporate & Investment Banking divisions over the years and has a wide breadth of experience having been involved on mandates across debt capital markets, equity capital markets, investment management, M&A, structured financing, and risk management for clients in Saudi Arabia.

Bassel holds a bachelor’s in Industrial Engineering from University of Wisconsin Madison, and an associate program’s certificate from Columbia University.

Lulwah Al Saleh

Executive Director, Wealth Management

Lulwah Al Saleh joined UBS as an executive director in March 2024, having previously worked as a senior director in the Wealth Management department of Deutsche Bank in Saudi Arabia.

Lulwah started her career in 2009 at Deutsche Bank in the Investment Banking & Corporate Finance department, covering government entities, large corporates, and family offices in Saudi Arabia. In her more than 14 years in the banking industry, she has worked on key transactions across M&A, equity capital markets, debt capital markets, financing, and most recently wealth management.

Lulwah holds a BSc in Information Systems from Prince Sultan University in Saudi Arabia.

Faisal Alshibl

Director, Wealth Management

Faisal Alshibl has over 12 years of experience in alternative investments with global practices in the UK, USA and GCC. Prior to joining UBS in April 2020 as a Director, Faisal operated between Dubai and London as a senior executive spearheading business development for Bank of London and the Middle East.

Prior to that, he was a vice president at GSE Partners in Dubai, working with global fund managers in areas including private equity, private credit, venture capital and hedge funds. He started his career at SAMBA bank (Citi ex. affiliate) where he completed the Future MA’s program and gained industry experience through this extensive executive program covering investments, treasury, banking, and risk management.

Faisal holds a Bachelor of Science degree with Honours in Economics and Business Management from the University of Sussex in the United Kingdom.

Sultan Al Shoail

Client Account Manager, Wealth Management

Sultan Al Shoail has over four years of experience in investment banking with global firms. Prior to joining UBS in February 2024, he was an Associate Account Manager at Deutsche Securities Saudi Arabia (Deutsche Bank Wealth Management) responsible for all client’s account activities.

Sultan holds a bachelor’s degree in business management and international relations from Regent’s University in London, United Kingdom.

Fady Fakhoury

Head Business Risk Organization

Fady Fakhoury gained a master’s in business administration (MBA) from the "Ecole des Hautes Etudes Commercials (HEC)" in Canada in 1997. He has been Head Business Risk Organization at UBS Saudi Arabia since 2018, and Corporate Administrator since 2012. Prior to that he was Head of Compliance and AML from 2008 to 2017 at various capital market institutions, including from 2012 to 2017 at UBS Saudi Arabia.

Before that he worked as an IT, HR, finance, purchasing management and strategy consultant from 1998 to 2007, spending the last three years advising Saudi Arabian and international institutions on acquiring their securities business licenses from the Capital Market Authority of Saudi Arabia, and helping them build their businesses, organizations, systems, and procedures.

During his consulting career, Fady Fakhoury worked for KPMG and IBM in Canada, and Deloitte Middle East. Prior to that he was an IT and project manager for Air Canada in Canada from 1992 to 1996.

Hussain Al Huraiz

Head of C&ORC and MLRO

Prior to joining UBS Saudi Arabia in November 2022, Hussain Al Huraiz spent over twenty years in the compliance and AML field with local, regional, and international banks and financial institutions regulated by SAMA and CMA. He holds a Bachelor of Arts and several compliance and AML & CTF certificates and qualifications.

Imran Ali

Head of Finance

Imran Ali is a finance professional with over 13 years of cross-functional experience in running F&A closing and reporting, accounting and month-end closing, financial reporting, balance sheet reconciliation, profit & loss analytical reviews, intercompany settlements, financial statements, projects, and transition management.

Before joining UBS Saudi Arabia in October 2021, he worked at UBS Poland as the Regional Controller for Swiss subsidiaries. He was also involved in streamlining, standardizing and consolidating small entities from different parts of the world in Poland. He successfully introduced robotics to UBS Poland’s finance department.

Imran Ali holds a bachelor’s degree in commerce, and a managerial level certificate from the Chartered Institute of Management Accounting (CIMA).

Annual Reports 2024

Annual Reports 2023

Annual Reports 2022

Annual Reports 2021

Annual Reports 2020

Annual Reports 2019

Annual Reports 2018

Annual Reports 2017

Annual Reports 2016

Annual Reports 2015

Annual Reports 2014

Where can you find us?

We offer tailored wealth management services for you in the following locations.

Saudi Arabia:

Address:

King Khalid Road
Laysen Valley, Building 6
Postal Code: 12329
Short Address RGUA7732
Riyadh – Kingdom of Saudi Arabia

Map

Phone:

+966 11 203 8000

What do others say about us?

Being recognized by our industry peers speaks volumes for the close relationships that we've built with our clients in the Middle East over the past 50 years. We're driven by a need to exceed our clients' expectations, and to excel in providing wealth management services and solutions.

Recognized as an industry leader by our peers and industry experts all over the world.

Best Global Bank for Private Banking Services Overall
Euromoney Private Banking Survey (2011 - 2021)

Best Global Bank for Net-worth-specific services Ultra High Net Worth clients (US$30m - US$250m)
Euromoney Private Banking Survey (2020)

Best Global Bank for Net-worth-specific services High Net Worth clients (US$5m to US$30m)
Euromoney Private Banking Survey (2020 - 2021)

Best Global Bank for Net-worth-specific services Super Affluent (US$1m - US$5m)
Euromoney Private Banking Survey (2021)

Best Global Bank for Family Office services
Euromoney Private Banking Survey (2016 - 2018 & 2020 - 2021)

Best Global Bank for Philanthropic Advice
Euromoney Private Banking Survey (2015 - 2021)

Best Global Bank for ESG/Impact Investing
Euromoney Private Banking Survey (2020 - 2021)

Best Global Bank for International Clients
Euromoney Private Banking Survey (2020 - 2021)

Best Global Bank for Serving Business Owners
Euromoney Private Banking Survey (2020)

Best Global Bank for Next Generation
Euromoney Private Banking Survey (2020 - 2021)

Best Global Bank for Technology – Data Management and Security in Private Banking and Wealth Management
Euromoney Private Banking Survey (2020 - 2021)

Best Global Bank for Technology – Innovative or Emerging Technology Adoption
Euromoney Private Banking Survey (2020 - 2021)

Best Bank for Technology – Data Management and Security in Private Banking and Wealth Management in Middle East
Euromoney Private Banking Survey (2020)

Best Bank for Net-worth specific services Ultra High Net Worth clients (>US$30m - US$250m) in Saudi Arabia
Euromoney Private Banking Survey (2021)

Best Bank for Net-worth-specific services Super Affluent (US$1m - US$5m) in Saudi Arabia
Euromoney Private Banking Survey (2021)

Best Bank for Net-worth-specific services Mass Affluent (US$100k - US$1m) in Saudi Arabia
Euromoney Private Banking Survey (2021)

Best Bank for Wealth Management in the Middle East
Euromoney Awards for Excellence (2020)

Best Bank for Research and Asset Allocation Advice in Saudi Arabia
Euromoney Private Banking Survey (2020 - 2021)

Best Bank for Next Generation in Saudi Arabia
Euromoney Private Banking Survey (2020 - 2021)

Outstanding Global Private Bank-Global
Private Banker International Awards (2019)

Best Private Bank for Sustainable Investing
PWM and the Banker (2019)

Best Private Bank for UHNW Clients
PWM and the Banker (2019)

Best Global Private Bank
PWM and the Banker (2019)

More about our awards

Our awards

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