Raj Kumar and Kishen RK, the father-son Duo Behind One of Singapore’s Largest Property Portfolios, are Setting Up a Family Office in Abu Dhabi, Joining a Growing List of Wealthy Individuals Turning to the Emirate as a Financial Hub full of Opportunities. The entity will be called RB Family Office and will be based in the Abu Dhabi Global Market, Keshin told Bloomberg News in an interview.
Keshin said they chose Abu Dhabi because it is strategically located and has an internationally recognized legal framework, describing the presence of their family office there as a way to establish their presence and allow them to expand their investments in the UAE and the Middle East.
The RB Family Office will be the first of its kind for the family, whose net worth is estimated at $3.15 billion.
The entity is in the process of appointing a team, and the office will focus primarily on real estate investments in the retail, commercial and hospitality sectors, he said.