Scroll
Nabta Advisory SIB, the firm's CIMA-registered entity, is an independent, non-discretionary investment advisory business. The firm brings quantitative risk infrastructure once reserved for the largest institutional mandates to Accredited Investors, Expert Investors, family offices, and Institutional Clients. Final investment decisions and execution remain with the client at the qualified custodian of the client's choice.
Nabta Advisory operates through two entities, each with a defined role.
Registered with the Cayman Islands Monetary Authority (CIMA) as a Securities Investment Business (Reference 1627990) on a non-discretionary basis. The Cayman entity is the regulated advisory entity of the firm. All investment advisory engagements, model portfolio recommendations, portfolio reviews, and hedging recommendations are conducted by and through Nabta Advisory SIB under its CIMA registration.
Bahrain Commercial Registration 139397-1. The Bahrain entity functions as the firm's administration and wealth structuring support office, supporting client coordination, operational and finance functions, and non-regulated wealth structuring discussions. The financial sector in the Kingdom of Bahrain is regulated by the Central Bank of Bahrain (CBB). Nothing on this website constitutes a financial promotion or an offer of regulated investment services in or from the Kingdom of Bahrain.
We are advisors, not managers. The distinction is structural, regulatory, and central to how we serve clients.
Recommendations are produced through NPRA, our Nabta Portfolio Research and Analytics platform, which combines machine learning, regime detection, and stress testing with the judgement of experienced practitioners. Machines read patterns; people read meaning.
Our analytical models evolve with market regimes. The firm's portfolio recommendations, made through Nabta Advisory SIB, are designed to remain coherent across cycles, not optimised for a single environment.
We accept no commissions, retrocessions, or inducements from any product provider, broker, or counterparty. Our only source of revenue is the client.
Client portfolios are held in the client's own name at qualified third-party custodians. We never take custody of client assets and never handle client money.
Most clients who reach Nabta are not looking for another product. They are looking for a structure that recognizes the situation they are actually in. These are the conversations our advisory engagements, conducted through Nabta Advisory SIB under CIMA registration, are built around.
Continuity is structural at Nabta. Your advisor at the firm is the same person, year after year. The analytical platform that supports your portfolio does not change when staff change.
Our only revenue is the disclosed fee paid by the client to the firm. We accept no commissions, retrocessions, or inducements from any product provider. You will see, in writing, exactly what we earn and from whom.
Every advisory engagement begins with a written quantitative assessment of the client's actual portfolio risk: concentration, drawdown, factor, liquidity, and currency exposure. The client sees the number before any recommendation is acted upon.
Client assets remain in the client's name, at the client's chosen qualified custodian, under client instruction. The firm recommends; the client instructs. The structure itself removes the conflict.
Each advisory engagement, conducted through Nabta Advisory SIB under CIMA registration, is governed by a documented client fact-find, a documented client classification, and a documented suitability assessment. The client instructs; the custodian executes.
A library of model portfolio recommendations covering distinct risk and objective profiles, including the firm's Conservative and Dynamic mandates. The client selects, instructs, and executes.
A documented review of an existing portfolio identifying concentration, drawdown, factor and liquidity risks, with written recommendations for the client's consideration and instruction.
Built on a documented fact-find and suitability assessment, the firm produces a written portfolio recommendation reflecting the client's specific objectives, constraints, and values.
Recommendations for the use of listed derivatives for defined hedging purposes within the firm's approved product universe. Structure, sizing and monetisation parameters detailed; the client instructs.
Each step produces written output the client reviews and instructs. The process is repeatable, auditable, and operates inside a single analytical platform.
Quantitative screening across the approved product universe, with allocations supported by recorded rationale.
Continuous monitoring of allocation drift against agreed thresholds. When drift exceeds tolerance, the firm issues written rebalancing recommendations.
As regimes shift, the firm communicates tactical recommendations supported by quantitative signals. The client instructs whether and when to act.
Our proprietary analytics platform monitors client portfolios against agreed parameters and generates alerts for client review.
We believe regulatory clarity is a feature, not a footnote. Below is a precise statement of the regulated services provided by Nabta Advisory SIB under its CIMA registration, and the activities the firm has structurally chosen not to undertake.
Nabta Advisory's services are designed for clients with the scale, sophistication, and complexity that warrant a structured, quantitative, and independent advisory relationship. We are not a retail firm, and we do not seek retail clients.
Individuals who meet the Accredited Investor thresholds under applicable regulatory definitions, typically including minimum net asset and income tests as set out by the relevant regulator.
Individuals with substantial investable assets and relevant expertise or professional experience in financial markets, as defined under applicable regulatory definitions.
Regulated financial institutions, governments and supranational bodies, family offices meeting institutional thresholds, and corporates meeting the size and sophistication tests set out by the relevant regulator.
The firm's remuneration is derived exclusively from disclosed and contractually documented fees paid by clients. Nabta Advisory does not, and will not, accept commissions, retrocessions, rebates, soft-dollar arrangements, finder's fees, introducer fees, placement fees, or any other inducement from product providers, issuers, distributors, brokers, custodians, or counterparties in connection with client business.
This independence is a structural condition of our operating model, reinforced by Board oversight and by the disclosure pack provided to every client at onboarding.
Decades of institutional experience, deployed through a single analytical framework.
Talal Al Ghalib is the Co-Founder and Chief Executive Officer of Nabta Advisory, with a career spanning over two and a half decades in international institutional and private banking. He began in 1995 as a proprietary derivatives trader at Citibank, before joining Arab Banking Corporation, GFH Financial Group, Julius Baer, BNP Paribas Private Bank, and HSBC Private Bank, with work spanning trading, advisory, and wealth management across the GCC. Talal also serves as an independent Board Member and Audit Committee Chairman of Saudi Marketing Company (Tadawul: 4006), parent of Farm Superstores. He holds two Bachelor of Science degrees from the University of Oregon, with a minor in Calculus.
David Rice serves as Chairman and Co-Founder of Nabta Advisory, bringing four decades of senior leadership experience in private banking and wealth management across the Middle East and North Africa. He spent thirty-six years at HSBC Group, including as Chief Executive Officer of HSBC Private Bank for the UAE, Qatar, and Oman, and subsequently served as Country Head for the GCC at Union Bancaire Privée. David is an Associate Partner at the Cambridge Family Enterprise Group, supporting Middle Eastern families on governance frameworks, and holds a BSc in Banking and Finance Services from the University of Manchester.
Muhammad Yameen Khan leads Finance and Operations at Nabta Advisory, with over fifteen years of experience across audit, cost management, and financial management gained in international advisory and corporate environments. He is a Fellow Member of the Association of Chartered Certified Accountants (FCCA, United Kingdom), one of the highest professional designations in the global accounting profession. At Nabta he is responsible for the firm's financial control, regulatory reporting, payroll administration, and operational infrastructure across the Bahrain and Cayman Islands entities.
Diana de Guzman leads Client Support Services at Nabta Advisory, with nearly two decades of experience in customer relations, sales, and service delivery across the hospitality and healthcare sectors. She previously served as Patient Service Specialist Supervisor at Royal Bahrain Hospital and subsequently oversaw operations for Kims Health Hospital and three affiliated medical centers in the Kingdom of Bahrain. At Nabta, she oversees client onboarding, account servicing, and ongoing relationship management, ensuring that the firm's standards reflect its commitment to client-centered service.
Faisal Al Ghalib serves as Assistant Vice President at Nabta Advisory, with a dual remit covering client services and the development of specialized artificial intelligence capabilities designed to support the firm's advisory work and internal analytics platform. He was educated in the United States at Wasatch Academy, where he was selected as commencement speaker, and completed leadership training at the Army and Navy Academy in California. At Nabta, his focus is on building AI tools that enhance research, reporting, and the firm's day-to-day client engagement workflow.
Thomas Wittig serves as Assistant Manager at Nabta Advisory, contributing to client acquisition, business development, and operational support across the firm's commercial activities. He brings entrepreneurial experience including the founding of Nova, a solar-powered phone case venture recognized as INJAZ Bahrain Company of the Year and a recipient of the MasterCard Innovation Award, alongside prior experience in real estate sales managing a portfolio of more than forty listings in the Bahrain market. He is fluent in five languages: Italian, English, German, Spanish, and Arabic.
When we founded Nabta Advisory in 2020, we set out to do one thing differently. We wanted to take the discipline of institutional risk management, the kind I had practiced for over two and a half decades across Citibank, Arab Banking Corporation, GFH Financial Group, Julius Baer, BNP Paribas Private Bank, and HSBC Private Bank, and bring it to private clients who had previously been priced or structured out of it.
Markets today move faster than the human mind can monitor. Volatility regimes shift in days, not quarters. Correlations break, return distributions skew, and the reassuring assumptions of the previous cycle become tomorrow's blind spots. Rigorous analysis is no longer enough on its own. It must be continuous, quantitative, and machine-supported.
That conviction led us to build the Nabta Portfolio Research and Analytics platform, our proprietary technology stack. NPRA combines machine learning, regime detection, Monte Carlo simulation, and stress testing to read markets at a depth and speed no analyst alone can match. It runs every day, on every client portfolio, surfacing what matters and filtering out what does not.
Technology, however, is only half the answer. NPRA's signals are read, interpreted, and contextualised by experienced practitioners with decades of judgement to draw on. Machine intelligence catches the pattern; human intelligence decides what it means for you. That combination is, in our view, the future of how investment risk is measured and advised on.
What distinguishes us is also the structure of our relationship with you. We are advisors, not managers. We do not take custody of your assets; they remain at your custodian, in your name. We do not exercise discretion over your portfolio; every decision is yours to make and to instruct.
Through Nabta Advisory SIB, the firm delivers investment advice with the same care, diligence, and strategic thinking we would apply to our own capital. Implementation remains with you, executed at the qualified custodian of your choice. That, simply, is what advisory means at Nabta, and why we believe we are building the firm of the future.
We work with sophisticated investors, family offices, and institutions seeking a structured, transparent, and independent advisory relationship.
Nabta Advisory SIB
CIMA Reference 1627990
P.O. Box 309, Ugland House
Grand Cayman, KY1-1104
Nabta Advisory W.L.L.
Commercial Registration 139397-1
Office 1905, World Trade Center East Tower
Manama, Kingdom of Bahrain
General inquiries:
contact@nabtaadvisory.com
Complaints:
complaints@nabtaadvisory.com
Nabta Advisory takes client complaints seriously and treats every complaint as an opportunity to improve the firm's service. A client wishing to raise a complaint should write to the firm at complaints@nabtaadvisory.com or by post to the Bahrain administration office.
The firm will acknowledge receipt of the complaint within five business days and will provide a substantive written response within thirty business days. If the complaint is not resolved to the client's satisfaction, the client may escalate the matter to the Cayman Islands Monetary Authority in respect of services provided by Nabta Advisory SIB. Where a complaint relates to non-regulated services provided by Nabta Advisory W.L.L., escalation paths are set out in the firm's engagement documentation.
Nabta Advisory is committed to protecting the privacy and personal data of its clients, prospective clients, and website visitors. The firm processes personal data in accordance with the Personal Data Protection Law of the Kingdom of Bahrain (Law No. 30 of 2018) and applicable data protection laws in the jurisdictions in which it operates.
Personal data is collected only for legitimate business and regulatory purposes, including client onboarding, suitability assessment, regulatory compliance, and the provision of services. The firm does not sell personal data and shares it only with regulated counterparties, custodians, and professional advisors as necessary for the conduct of the firm's business and as required by law. A full privacy policy is available on request.
Nabta Advisory SIB is registered with the Cayman Islands Monetary Authority (CIMA) as a Securities Investment Business (Reference 1627990) on a non-discretionary basis. Nabta Advisory W.L.L. (Bahrain Commercial Registration 139397-1) operates from Office 1905, World Trade Center East Tower, Manama, Kingdom of Bahrain, as the firm's administration and wealth structuring support office. The financial sector in the Kingdom of Bahrain is regulated by the Central Bank of Bahrain (CBB).
This website is provided for general information purposes only. The information contained on this website does not constitute, and should not be construed as, an offer to sell, a solicitation of an offer to buy, or a personal recommendation in respect of any financial instrument, security, fund, or investment service. Nothing on this website constitutes a financial promotion, investment advice, or an offer of regulated investment services in or from the Kingdom of Bahrain.
Personal recommendations are made by Nabta Advisory SIB only on the basis of a documented client fact-find, a documented client classification, and a documented suitability assessment, and only to clients who qualify as Accredited Investors, Expert Investors, or Institutional Clients under applicable regulatory definitions. The firm does not provide services to retail clients.
All investment decisions and execution remain the sole responsibility of the client, conducted at the qualified custodian of the client's choice. Past performance is not a reliable indicator of future results. The value of investments and any income from them can fall as well as rise, and an investor may not get back the amount originally invested. Investing in financial instruments carries risk, including loss of capital.
This website is not directed at, and the services described are not intended for, any person resident in any jurisdiction where the publication or availability of this website or those services would be contrary to local law or regulation.