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Al Faisaliah Group

Saudi-based conglomerate

Saudi-based conglomerate

FieldValue
nameAl Faisaliah Group
مجموعة الفيصلية
typePrivate
foundation1970
locationRiyadh
key_peopleAbdullah Al Faisal
(Founder)
Mohammed bin Khalid bin Abdullah Al Faisal (Group President)
Ziad Al Tunisi (CEO)
industryInformation Systems; food and beverage; multimedia
revenue$800 million (2005)
num_employees1000 to 5000 (2017)
homepage

مجموعة الفيصلية (Founder) Mohammed bin Khalid bin Abdullah Al Faisal (Group President) Ziad Al Tunisi (CEO) The Al Faisaliah Group (), is a Saudi-based conglomerate established in 1970. Its name is derived from the name of its founder, Abdullah Al Faisal, eldest son of the late King Faisal.

Al Faisaliah Group includes 13 subsidiaries divided into several business units:

  • Food and beverage – Al-Safi Danone dairy products; Alfa Co For Operation Services Ltd. meat products and restaurants
  • Consumer Electronics – Medical, Measurement and Media Equipment, IT and Communications (IT networking and consulting), Internet service provider and FBTC Security Systems
  • Entertainment and Multimedia – Joint ventures with companies such as SONY, SAP AG, Cisco Systems,
  • Specialty Chemicals –Represents the regional interests of Bausch and Lomb.

In 2005, the company reported revenue of about $800 million and had over 5000 employees.

Subsidiary

Alfa Co For Operation Services Ltd. was created in 2003 to develop Al Faisaliah Group food service businesses in Saudi Arabia and the GCC. Today, Alfa Co For Operation Services Ltd owns and operates some of the nation’s restaurant brands. With more than 2,000 employees, ALFA runs its own central commissary, food warehouse & distribution network, serving more than 60 branded restaurants across KSA and the region

Activities

Sulaiman Al-Habib Medical Group has announced the signing of an agreement in Dubai with Al Faisaliah Group Medical Systems Co. in the presence of Prince Mohamed bin Khalid bin Abdullah Al Faisal, president and CEO of Al Faisaliah Group, to equip the "largest cardiac center" in the Kingdom's private sector. The group reported completing the initial phase of the 150-bed Sulaiman Al-Habib Hospital building at a cost exceeding $150 million.

References

References

  1. (7 June 2011). "Accenture to Strengthen Capabilities in Middle East through Joint Venture with Al Faisaliah Group". Accenture.
  2. (2019-08-10). "Saudi Prince’s Rise to Power Turns Him Into a Billionaire Boss". Bloomberg.com.
  3. (2021-02-16). "Gulf Fund Raises $75 Million for Mideast, North African Startups". Bloomberg.com.
  4. Anthony Shoult. (2006). "Doing Business with Saudi Arabia". GMB Publishing Ltd.
  5. "Alsafi Danone".
  6. "Alfa Co. for Operations Services".
  7. "Al Faisaliah Group".
  8. "alfa co for operation services".
  9. "Corporate News". Arab News.
Info: Wikipedia Source

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