Family Offices in Saudi Arabia

Mohammed Abunayyan Investment Group (MAIG) is a leading Saudi investment holding company. MAIG manages investments across private companies and public markets, focusing on opportunities where the group adds value to partner organizations. The Abunayyan family also co-founded ACWA Power, a global leader in clean energy and water desalination with over $100 billion in project investments, and Abunayyan Holding, which delivers solutions across industrial and water sectors.

One of the largest family-owned companies in Saudi Arabia, founded in 1959 by Abdullatif and Mohammed bin Ahmed Al Fozan in Al Khobar. Al Fozan manages a diversified portfolio of more than 30 leading companies across trading, real estate development, manufacturing, and retailing. Key subsidiaries include Bawan Holding, United Electronics Company (eXtra), Madar Building Materials, and Uniglass. The group has expanded across the Gulf region and broader Middle East.

International private investment conglomerate founded in 1943 by Abdul Kadir bin Abdul Muhsin Al-Muhaidib. One of the largest investment groups in the Middle East, the group has expanded across four continents and 25 countries. Primary focus on food and consumer goods, industrial and infrastructure, real estate, and financial investments. One of the largest employers in Saudi Arabia. Also operates the Al Muhaidib Social Foundation.

Riyadh-based family business serving as an umbrella for several subsidiaries specializing in construction, shopping centers, hospitality, food and beverage, IT, advertising, and entertainment. Founded by Abdulrahman M. Al Rugaib. Provides engineering and construction services across steel, industrial, electromechanical, and electrical projects, plus O&M and facility management.

Riyadh-based single-family office with over 30 years of investment experience. The broader Ajlan & Bros Group was founded in 1979 and holds assets exceeding $10 billion. The family office identifies high-potential tech startups, investing in the top 0.5% of opportunities screened using a proprietary ML algorithm. Portfolio includes 18 companies across 18 countries, with two unicorns and two IPOs including Robinhood, Coursera, and Plaid.

Founded in 1965 by Ali Ibrahim Almajdouie as a land transportation company in the Eastern Province. Over five decades, the group grew to incorporate automotive, real estate, food, and steel manufacturing, while logistics remains its core. Almajdouie Logistics is a leading integrated supply chain provider in the Middle East, operating 1.2 million square meters of terminal and warehousing. The family established Raed Ventures in 2015 as its VC arm focused on fintech.

Founded in 2019 as an investment firm owned by a subset of the Al Rajhi family, whose heritage traces to the 1950s when the founding family helped establish Al Rajhi Bank, now one of the largest financial institutions in the MENA region. Deploys patient capital with a long-term horizon across global public and private markets from Riyadh, with regional offices in Dubai and London.

Established in the 1970s as the private investment vehicle of the AlTouq family. Headquartered in Riyadh, it has grown into a sophisticated investor with a global revenue-generating asset base. The firm invests across direct investments, real estate, public and private equity, and hedge funds. Notable past investments include AirAsiaX prior to its IPO.

A family office that pioneered the development of the retail industry in Saudi Arabia over more than 50 years. Manages two key brands, BinDawood and Danube, across hypermarkets and supermarkets in Makkah, Medina, Jeddah, Riyadh, and Khobar. BinDawood Holding was listed on Tadawul in 2020, raising approximately $500 million. Family fortune estimated at roughly $3.1 billion.

Multinational private corporation founded in 1969 by the late Sheikh Saleh Abdullah Kamel, known as the father of contemporary Islamic finance. The group employs more than 60,000 people worldwide and maintains investments across Asia, Africa, Europe, and North America. Portfolio spans financial and banking services, healthcare, manufacturing, real estate, transportation, and O&M. Now led by Chairman Abdullah Saleh Kamel.

Privately held conglomerate established in 1951 and recognized as one of the leading private companies in the GCC. Nine distinct business divisions spanning engineering and construction, healthcare, facility management, and commercial and industrial investments. Over 40,000 employees globally and 8,000 prequalified suppliers. Projects completed across healthcare, defense, infrastructure, transport, power, and urban development.

Now operating as BAAN Holding, founded in 1989 by brothers Fawaz, Salman, and Abdul Majeed Abdulaziz Alhokair, starting with two menswear stores. The group is now focused on entertainment, hospitality, and catering across the Middle East. With a legacy spanning over five decades as one of the Kingdom's pioneers, BAAN Holding drives growth across family entertainment, hospitality, and catering in Saudi Arabia.

Investment vehicle of the Juffali family, one of Saudi Arabia's oldest and largest private enterprises. E.A. Juffali & Brothers was established in 1946 and grew to become the largest business house in the Middle East by the mid-1970s through partnerships with Dow, Siemens, and Mercedes-Benz. The family maintains a separate London-based family office, Hasma Capital, for international portfolio management. Family fortune estimated at $8-27 billion.

MASIC (Mohammed Ibrahim Alsubeaei & Sons Investment Company) was established in 2010 to exclusively manage the assets of the late Mohammed I. Alsubeaei and his family. The Alsubeaei family business traces to a trading house founded in Makkah in 1933. MASIC manages multi-billion-dollar assets inside and outside Saudi Arabia, with holdings including influential minority stakes in Bank Albilad, Jadwa Investment, Fajr Capital, Farabi Petrochemicals, and National Aquaculture Group.

Diversified Saudi business group established in 1981 with a portfolio spanning construction, energy, logistics, telecommunications, hospitality, and public services. Over 50 companies across Saudi Arabia, the UAE, Turkey, and Egypt, including Nesma Infrastructure & Technology, Nesma United Industries, and Namma Cargo.

Obeikan Investment Group has built thriving businesses since its 1982 founding in Riyadh. The leading provider of fully integrated education and packaging solutions in MENA, with a strong focus on packaging, education, and digital transformation. Over 3,000 employees across 16 countries. Led by Abdallah Al Obeikan.

Diversified conglomerate headquartered in Al Khobar, founded in 1975 in Saudi Arabia's Eastern Province. A leader in energy, industrial, and contracting services across the Middle East, operating through specialized subsidiaries in oilfield services, drilling, safety systems, power and automation, and integrated gas distribution. Evolved from historical trading operations into a multi-sector enterprise supporting the Kingdom's industrial transformation.

Founded in 1976 to manage the assets of the Bin Mahfouz family. Sheikh Salem Bin Mahfouz founded the National Commercial Bank (now Saudi National Bank). SEDCO operates as a values-driven institutional investor with holdings in Nahdi Medical Company (MENA's largest pharmacy chain), Red Sea Mall in Jeddah, and Bank Muamalat in Indonesia. The group spun off SEDCO Capital in 2009 as a CMA-regulated entity serving external clients.

The Olayan Group is a multinational private investment enterprise established in 1947 by Suliman S. Olayan, one of Saudi Arabia's most prominent businessmen. The group invests internationally across public and private equities, real estate, and fixed income, with a multibillion-dollar portfolio concentrated in North America, Europe, Asia, and the Middle East. The MENA parent Olayan Financing Company is based in Riyadh and manages Saudi and regional operations.

Diversified holding company founded in 1973 in Jeddah by descendants of the Alireza family, one of the oldest trading houses in the Middle East. The name Xenel is a spelling variation of family patriarch Zainal Alireza. Over five decades of deep expertise through internal capability, joint ventures, and strategic partnerships with global leaders across energy, construction, infrastructure, healthcare, logistics, and real estate. Operations across 15 countries with over 80 global partners.

Founded in 1943 by Mohamed Mahmoud Zahid to represent General Motors in Saudi Arabia. Over 80 years the group evolved from a trading concern into a multinational with 23 companies across 11 sectors representing over 50 international and homegrown brands including Caterpillar and Volvo. Global investment reach across wholly and partially held investments locally, regionally, and internationally.

Founded in 1920 in the Qassim region by Sheikh Abdullah Al-Hamad Al-Zamil, one of the oldest family enterprises in Saudi Arabia. Diversified portfolio across building materials, manufacturing, offshore, petrochemicals, trade and services, real estate, and investments. Several subsidiaries including Zamil Steel, Sipchem, and Zamil Industrial are publicly listed on Tadawul. Continues as a second- and third-generation family business.