Shomoul Holding Company

Shomoul Holding Company

Shomoul Holding is a joint venture between Mabanee - the largest real estate company in Kuwait in terms of market value and one which created a change in tourism and retail sectors, Saudi-based Al Fozan Group - one of the leading players in the Saudi retail, industry, real estate and commerce sector, and Alshaya Group - a Kuwait-based family business established in 1890 comprising of leading companies in the Middle East’s commerce, retail and real estate sectors, as well as in investment vehicles and projects.

Based on a long-term vision and belief in the investment and real estate development opportunities in the Kingdom of Saudi Arabia, the company has put in place a number of projects that are being designed and implemented with the highest international standards, thus achieving the goals of the investors. The current portfolio of the company includes two major projects in Saudi Arabia, namely, The Avenues - Riyadh and The Avenues - Khobar, which are inspired by the success of The Avenues - Kuwait.

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Al Fozan Holding Company works closely with industry leaders from both the private and public sectors to develop partnerships or alliances that create new opportunities for all.

We pride ourselves on the quality of impact that we as a company have created over more than 60 years. As Saudi Arabia pushes ahead with its ambitious Vision 2030, Al Fozan sees an incredible opportunity that will lead the company into the next stages of its businesses.

The strategic goal of Al Fozan has always been to collaborate with successful and prominent players in their particular markets who wish to expand geographically within the Arab region. The company’s insight and investment experience are critical in providing assurance and confidence to new business partners. The success of the collaboration not only hinges on financial and strategic stability, but also on the transfer of industry expertise and knowledge that can be leveraged to take advantage of opportunities and accelerate growth for everyone in the shared journey.

If you think you can add value and also share Al Fozan’s ambitions and principles, connect with us. Together, we have the potential to create both wealth and prosperity for the entire community.