Abu Dhabi, United Arab Emirates – June 15, 2020: Siraj Holding LLC, a private investment firm chaired by Mr. Ahmed Khalaf Al Otaiba, formally announces the acquisition of Al Hilal Takaful PSC from Al Hilal Bank, a wholly-owned subsidiary of Abu Dhabi Commercial Bank (ADCB). With this acquisition, Siraj Holding marks a new phase of operations for Al Hilal Takaful to propel it as the premier provider of various Takaful insurance solutions for individuals, employers, and government entities across the UAE. The acquisition provides Siraj Holding access to the fast-growing industry as well as the opportunity to leverage Al Hilal Takaful's platform to develop Shariah compliant products and solutions, and scale innovative client experiences that support the firm's growth strategy.
The transaction which was approved by the shareholders, the Securities and Commodities Authority and the Insurance Authority, is poised to strengthen the Shariah compliant Islamic insurance offering with elevated services and advanced solutions. In line with regulatory compliance, the newly acquired entity will be called ‘Al Hilal Takaful, a Siraj Holding - owned company.' However; in the near future, the firm plans to rebrand to align with the new leadership and operations following the completion of formalities.
"With the limited number of Takaful institutions in the market, we have long observed a gap in services and offerings in the sector. Our vision is to refine the Shariah compliant insurance industry and develop solutions tailormade for today's consumers in the UAE. We will do this by applying innovative technologies and developing new approaches. We are also bringing together a league of experts to lead the transformation of Al Hilal Takaful into a world-class insurance frontrunner and are committed to offering clients outstanding solutions to all their Takaful insurance needs," said Ahmed Khalaf Al Otaiba, Chairman of Siraj Holding.
To evolve from its current standing; Al Hilal Takaful under the leadership of Siraj Holding, has plans to expand by activating strategic partnerships with key Islamic financial institutions and explore further opportunities for growth by adopting internationally renowned platforms into their operations. The firm's future plans also include the introduction of Takaful Life insurance products, aimed to launch in 2021.
With the appointment of new management with significant regional and international insurance experience, Siraj Holding will re-organize and streamline the Al Hilal Takaful business to focus on accelerating growth and expansion for a consistent future in being an important partner and leader in the development of UAE's Takaful industry.
This transaction was completed with ZEMYD Consultancy as acquisition partners and financial advisory, whilst BSA Ahmad Bin Hezeem & Associates LLP acted as the legal advisor to transaction.
Note to the Editor:
About Siraj Holding
The private investment firm Siraj Holding LLC was established in Abu Dhabi, United Arab Emirates in
2019. Founded by Ahmed Khalaf Al Otaiba, it operates as a holding company and is a preferred partner
for institutional investors, governments and multinational corporations. Key areas of interest for
Siraj Holding include Commercial, infrastructure, Health Services, Education Services, Sports, Real
Estate, Power Industrial enterprise investment / institution and Management. The firm’s mission is
to contribute to the sustainable development of economies in the GCC by creating market-leading
businesses. www.sirajholding.ae
For more information and or interview requests, please get in touch with:
Houri Elmayan
PR Representative
houri@prwonderland.com
+971559576718
Faraday Future Intelligent Electric Inc. (FF), a California-based global intelligent electric mobility company, has officially announced its entry into the Middle East market through strategic cooperation agreements with Master Investment Group and Siraj Holding LLC. This marks an important milestone in the company’s global expansion strategy, with regional operations expected to begin in 2024.
The announcement was made during a press conference at the Ritz-Carlton Abu Dhabi, attended by FF’s Global CEO Matthias Aydt, along with members of the royal family, government officials, business leaders, media representatives, and key partners. The event also marked the official launch of the Faraday Future brand in the Middle East.
As part of its entry, FF introduced the limited-edition FF 91 2.0 Futurist aiFalcon, designed specifically for the Middle East market. The model features exclusive colors, custom wheel designs, UAE-inspired gold and crystal badging, and advanced AI-powered features including personalized intelligence, high-speed connectivity, and performance enhancements. Deliveries are planned for 2024, with reservations now open in the region.
In addition, FF is showcasing its FF 91 2.0 Futurist Alliance (North American model) at the Yas Marina Circuit in Abu Dhabi during the Formula 1 Abu Dhabi Grand Prix weekend starting November 24. The venue provides a global platform to highlight the vehicle’s luxury design, advanced engineering, and high-performance capabilities.
The Middle East is seen as a key growth market for FF, driven by rising demand for sustainable mobility and advanced automotive technologies. The company’s AI-driven electric vehicle strategy aligns with regional goals for innovation and environmental sustainability.
FF's 2023 progress has supported this expansion, with vehicle deliveries beginning in the United States, increased production in California, and early revenue generation. Its Co-Creation initiative further strengthens its user-focused approach, involving early adopters and partners in shaping product development.
Strategic partnerships also bring new leadership into FF’s regional structure. Sheikh Abdullah bin Mohamed Al Qassimi and Ahmed Khalaf Ahmed Khalaf Otaiba will join FF’s Global Advisory Board and serve as directors for FF Middle East, supporting business development, marketing, financing, and regional partnerships.
Additionally, FF has introduced its “All-Hyper Global Racetrack Conqueror Plan,” bringing together world-class racers, engineers, AI experts, and industry leaders to enhance performance and innovation. This initiative aims to advance propulsion, handling, and AI capabilities across its vehicles.
Overall, Faraday Future combines luxury positioning, advanced AI technology, and strategic partnerships to establish a strong presence in the Middle East and contribute to the future of intelligent mobility.
Click here to read the article: Faraday Future Announces Entry into Middle East, Signs Strategic Cooperation Agreements with Master Investment Group and Siraj Holding LLC, and Unveils the FF 91 2.0 Futurist aiFalcon Limited Edition for the Middle East Market
CONTACTS
Investors (English): ir@faradayfuture.com
Investors (Chinese): cn-ir@faradayfuture.com
Media: john.schilling@ff.com
A strategic alliance between AWR Lloyd and Siraj Holding marks a significant step in reshaping the consulting landscape across the Middle East, Turkey, and Africa. The partnership brings together global advisory expertise and deep regional insight to deliver highly customized strategies tailored to complex and fast-evolving markets.
Through the launch of AWR Lloyd Gulf Partners, the collaboration aims to move beyond traditional “one-size-fits-all” consulting models. Instead, it focuses on localized, relationship-driven advisory services aligned with national development agendas such as UAE We the UAE 2031 and Saudi Vision 2030. This approach reflects the growing demand for consulting solutions that combine global best practices with cultural, regulatory, and economic understanding of the region.
Founded over 25 years ago, AWR Lloyd has built a strong reputation in strategy consulting and M&A advisory, with a presence across Asia-Pacific and now expanding into Abu Dhabi. Meanwhile, Siraj Holding, established in 2019, has rapidly grown into a dynamic investment firm with ventures in Islamic finance and Takaful. By joining forces, both entities aim to create a multidisciplinary platform that not only deploys capital but also advises businesses on transformation, growth, and long-term resilience.
A key strength of the partnership lies in its sector expertise, particularly in energy transition, sustainability, and cross-border investments. As Gulf countries accelerate green initiatives and diversify their economies, the new platform is positioned to support organizations in translating ambitious sustainability goals into actionable strategies. Beyond ESG, the alliance also emphasizes crisis resiliency—helping clients navigate geopolitical risks, economic uncertainty, and global disruptions.
What differentiates AWR Lloyd Gulf Partners from traditional consultancies is its emphasis on bespoke solutions and long-term partnerships. By combining Siraj Holding’s regional networks and relationships with AWR Lloyd’s global advisory experience, the venture offers clients tailored strategies grounded in real-world context rather than generic frameworks.
Looking ahead, success for the partnership will be measured by tangible impact—such as facilitating cross-border investments, executing high-value M&A transactions, and delivering effective crisis management frameworks. More importantly, the goal is to establish itself as a trusted strategic partner that enables businesses across the region to adapt, grow, and lead in an increasingly complex global environment.
Click here to read the article: AWR Lloyd and Siraj Holding forge strategic alliance to transform Middle East consulting landscape
AWR Lloyd Gulf Partners Consultancy LLC (“AWR Lloyd Gulf Partners”), a joint venture between Siraj Holding LLC-part of the Al Otaiba Group-and AWR Lloyd, successfully hosted its inaugural closed-door Strategy Symposium in Abu Dhabi. Held at the Four Seasons Hotel on January 22, the event brought together senior investors, corporate leaders, policymakers, and industry experts under the theme "Resilient Value Growth in Asia, the Middle East and Africa."
The symposium focused on the Gulf Cooperation Council's (GCC) growing position as a global capital hub, exploring how the region can drive sustainable value creation amid ongoing geopolitical and economic uncertainty. Discussions highlighted the GCC's increasing influence in global investment flows and its potential to evolve into what participants described as a "Capital of Capital."
The first session, "The GCC Nexus: Connecting Global Capital for Investment and M&A across Asia, the Middle East and Africa," examined the region's strategic role in linking capital across high-growth markets. Panellists included senior representatives from leading energy corporations, private equity firms, and advisory networks, who shared insights into cross-border investments and the complexities of operating across diverse regions.
The second session, "Realism and Resiliency: Sustainable Value and the Energy Transition," addressed the challenges of building strategies that deliver long-term value while remaining adaptable to disruption. Industry leaders discussed the impact of energy transition, technological change, and market volatility, emphasizing the importance of resilience in corporate and investment decision-making.
Both sessions featured interactive discussions and Q&A segments, allowing participants to exchange perspectives on regulation, infrastructure, and investment strategy across Asia, the Middle East, and Africa.
Alexander Wood, Group CEO of AWR Lloyd, highlighted the GCC's unique positioning: "The GCC is already the undisputed global capital of sovereign wealth. We see strong potential for the region to expand further into areas such as private equity, hedge funds, family offices, and other alternative investments. Its connectivity with Asia and Africa, along with increasingly supportive regulatory frameworks, creates a compelling foundation for growth."
Mehdi Sethom, CEO of AWR Lloyd Gulf Partners, emphasized the importance of tailored advisory approaches in complex markets. He noted that the symposium underscored both the opportunities and challenges faced by GCC-based investors, adding that AWR Lloyd's focus on customization, discretion, and cultural understanding continues to resonate with clients across regions.
The event was also attended by Ahmed Bin Khalaf Al-Otaiba, Chairman of Siraj Holding, and Mohamed Rusan Fyroze, Group CEO of Siraj Holding. Their presence reflected the Group's commitment to fostering high-level dialogue and supporting initiatives that strengthen the GCC's role in global capital formation.
By hosting the Strategy Symposium, AWR Lloyd Gulf Partners and Siraj Holding reinforced their shared vision of positioning the GCC as a central hub for international investment and collaboration. The initiative underscores a broader commitment to enabling resilient growth, facilitating cross-regional partnerships, and shaping forward-looking investment strategies in an increasingly complex global landscape.
Click here to read the article: AWR Lloyd Gulf Partners launches Strategy Symposium to boost GCC's role as global capital hub