logo
banner

Almiras Family Office

Investment Thesis

banner

ONE LEGACY

Purpose & Philosophy

Safeguard multigenerational wealth and generate stable, inflation‑hedged cash‑flows that deliver financial peace to every family member, while compounding capital in sharia‑compliant, real‑economy ventures that advance Saudi industrial capability and create positive global impact.

bg highlight

THE CHOPPING BLOCK

Opportunity Screening Funnel

Sharia-Compliance
Sector Fit
Values & ESG Test
Go/No-Go

THE THREE LENSES

Opportunity Screening & Scoring

lens

Macro Lens

Should we Enter?
Regulation, trade policy, FX, commodity cycles, demand trends, Vision 2030 alignment.
lens

Micro Lens

How do we Engineer?
Operational levers, process tech, unit-economics, site selection. Quantified through the GE-OE-FE scorecard.
lens

Management Lens

Who will build the Edge & capture the Exit?
Leadership grit, governance discipline, talent depth, culture fit.
lens
lens

US Overlay

Each opportunity receives a qualitative rating for external uncertainty and deal structure
• Macroeconomic
• Regulatory
• Market
• Clarity of governance
• Term sheet

MICRO LENS

GE-OE-FE Score Matrix

Focus
Typical Tools
GE
Governance Engineering
•
Alignment, board mechanics
•
Human psycology
•
Organizational psychology
•
Culture building
•
Org-health surveys
•
Bonus structure
•
Low base salaries
•
Option pools
OE
Operational Engineering
•
Industrial efficiency
•
Operational management
•
Technology
•
SOPs
•
Lean/Six-Sigma
•
ERP
•
ISO
FE
Financial Engineering
•
Equity split
•
Capital structure
•
Preferred equity
•
Murabaha layers
•
Musharaka structure
•
Working‑capital lines
•
DCF/LBO
•
Government Loans
•
SIDF leverage
•
Grants

THE FOUR BEATS

Value Creation Flywheel

Macro Lens
Macro Lens

ENTRY

Macro Lens

ME₁

Core playbook

•
Win on price & incentives;
•
Secure sharia-compliant structure
Micro Lens
Micro Lens

ENGINEERING

Micro Lens

ME₂

Core playbook

•
Deploy GE + OE + FE levers
•
Lift ROIC
Management Lens
Management Lens

EDGE

Management Lens

ME₂ - P1

Core playbook

•
Build moat—brand, IP,
•
Regulation, cost, network, carbon, location
•
LT contracts,
•
Cash conversion machine
Management Lens
Management Lens

EXIT

Management Lens

ME₂ - P2

Core playbook

•
Strategic buy-out
•
PIF partnership
•
Nomu IPO
•
Continuation vehicle
Cross-cutting
Cross-cutting

US MONITORING

Cross-cutting

Core playbook

•
Re-assess Uncertainty  & Structure quarterly
•
Escalate if risk drifts
bg hurdles

IRR HURDLES

Return and Risk Targets

lens

SLEEVE

Build / Green‑field

•Target IRR

> 18%

•Rational

Compensates for higher execution risk
lens

SLEEVE

Procure / Buy-out

•Target IRR

14 - 16%

•Rational

Lower build premium
lens

SLEEVE

Public Equities

•Target IRR

10 - 12%

•Rational

Liquidity sleeve (TASI, NOMU, MSCI)
(*) Blended long‑run objective: 13–15 % net across cycles.

STRATEGY

Strategic Pillars and Allocation Band

Allocation Range
Current / Planned Holdings Examples
Circular Materials & Resource Transformation
Circular Materials & Resource Transformation
20 - 25%
rPET (Food Grade), Alternative Protiens, Palm Fiber Industrial Co.
Advanced Manufacturing
Advanced Manufacturing
10 - 15%
Composites, Aviation, e-Mobility
Smart Infrastructure & LEED Contracting
Smart Infrastructure & LEED Contracting
10 - 15%
Lizam Construction – NZEB portfolio, ShifTech
Real‑Estate Development
Real‑Estate Development
10 - 15%
Elana
Services Industries (F&B, Hospitality, Logistics, Design)
Services Industries (F&B, Hospitality, Logistics, Design)
10 - 15%
ArchiLoft, boutique F&B roll‑ups, Project Haul, Cold Chain, Eco-Tourism
Healthcare Consumables Localisation
Healthcare Consumables Localisation
10 - 15%
Dialysis & diabetes disposables line
Public Equities (Global & KSA)
Public Equities (Global & KSA)
15 - 20%
ETF & direct equity baskets (TASI, MSCI Islamic)
Impactful Ventures
Impactful Ventures
10 - 15%
Affordable housing, Ed‑tech, DeepTech
footer-fav

THE FOUR BEATS

Timeline “Rhythm” Milestones

2025

Fix the headache

Governance & dashboards

2030

Grow the cash-machine

Asset productivity.

2035

Into the flywheel

Capital recycling

2040

Harvest & redeploy

Liquidity events & reallocation

APPLY NOW

Join Our Team

Join Our **Team**