SDH Capital, the family office owned by Malta-based db Group, has announced the opening of its new office in Ras Al Khaimah (RAK), marking a further step in its international expansion following the establishment of its London office.
The new RAK office strengthens SDH Capital’s presence in the Middle East and reflects the Group’s focus on identifying investment opportunities, developing strategic partnerships and supporting international growth across its portfolio.
Ras Al Khaimah has emerged as one of the UAE’s most compelling destinations for business and tourism, driven by a pro-investment regulatory environment, major infrastructure upgrades and a clear long-term vision for sustainable growth.
This momentum has been further reinforced by the emirate’s move to position itself at the forefront of new tourism segments, including the awarding of the region’s first commercial gaming license.
Against this backdrop, db Group is developing the Hard Rock Hotel & Residences Ras Al Khaimah, a landmark luxury hospitality and mixed-use project being delivered jointly with the Sovereign Wealth Fund of Ras Al Khaimah.
The RAK office will serve as a strategic base for SDH Capital’s activities in the Middle East, supporting investment structuring, partnership development and the management of international interests across hospitality, real estate and related sectors.
Commenting on the expansion, Nicholas Portelli managing director of SDH Capital, said: “Establishing a presence in the UAE is a natural progression for SDH Capital.
Our role is to spearhead the Group’s international ambitions while building long-term partnerships like that with the Investment & Development Office in RAK, in markets that share a clear vision for sustainable growth.”
db Group CEO Robert Debono said: “Following the successful establishment of our presence in London, and an overwhelming response to our latest bond issue, Ras Al Khaimah represents the next strategic step in db Group’s international growth. RAK’s clarity of vision, openness to long-term investment and ambition to develop high-quality tourism and lifestyle destinations make it a natural partner for projects such as the Hard Rock Hotel & Residences.”
The RAK office is managed by Jonas Vetter, who has been appointed as VP of investments, based in RAK and is supported by London and Malta offices.
After setting up its Mayfair office in 2023, db Group this year unveiled Aki London, a Japanese restaurant that has already become a favourite among top celebrities including the Beckhams and the Osbournes.
