Capital-38

Capital-38 is an esteemed single-family office headquartered in London, dedicated to the growth, management, and protection of its family's legacy and wealth. The firm employs an ethical and long-term investment approach, deploying patient capital across diverse markets and asset classes. Beyond direct investments, Capital-38 also provides comprehensive real estate services to safeguard and expand the family's property portfolio, alongside financial stewardship and personalized concierge services for family members.

The origins of Capital-38 trace back to 1938, when four brothers from the Saeed Anam family established a single retail shop in Aden, Yemen. This laid the groundwork for what would become one of the region's most prominent businesses. Over decades, the family's enterprise expanded significantly, founding the Yemen Company for Industry and Commerce (YCIC) in 1970, launching Frimex Company LLC in Dubai in 1974, and establishing a London base under Longulf Trading in 1977. The Capital-38 brand itself was formally established in 2020, following a restructuring of the HSA Group, to exclusively manage the family's global wealth.

While specific portfolio companies are not publicly disclosed, Capital-38's investment strategy is characterized by thoughtful allocation across various markets and asset classes, guided by shared family values. Their historical ventures, such as the Yemen Company for Industry and Commerce (YCIC) with its five factories and Frimex Company LLC with operations spanning Saudi Arabia, UAE, India, and beyond, demonstrate a legacy of building and managing substantial industrial and commercial interests.

The firm operates with a global footprint, connecting East and West through its presence in the UK, Europe, the USA, Canada, Southeast Asia, the Middle East, and North and East Africa. This extensive international network, combined with deep ties in emerging markets and access to London's financial talent, enables Capital-38 to identify and capitalize on diverse opportunities worldwide. The team comprises a multidisciplinary group of analysts, lawyers, financiers, and technology experts, all dedicated to stewarding the family's legacy and wealth with purpose.