Al Faisaliah Group Explained

Al Faisaliah Group
مجموعة الفيصلية
Type:Private
Foundation:1970
Location:Riyadh
Key People:Abdullah Al Faisal
(Founder)
Mohammed bin Khalid bin Abdullah Al Faisal (Group President)
Ziad Al Tunisi (CEO)
Industry:Information Systems; food and beverage; multimedia
Revenue:$800 million (2005)
Num Employees:1000 to 5000 (2017)

The Al Faisaliah Group (Arabic: مجموعة الفيصلية), is a Saudi-based conglomerate established in 1970.[1] [2] [3] Its name is derived from the name of its founder, Abdullah Al Faisal, eldest son of the late King Faisal.[4]

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

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[7] food service businesses in Saudi Arabia and the GCC. Today, Alfa Co For Operation Services Ltd[8] 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.[9] The group reported completing the initial phase of the 150-bed Sulaiman Al-Habib Hospital building at a cost exceeding $150 million.

Notes and References

  1. News: Accenture to Strengthen Capabilities in Middle East through Joint Venture with Al Faisaliah Group. 4 March 2013. Accenture. 7 June 2011.
  2. News: 2019-08-10. Saudi Prince’s Rise to Power Turns Him Into a Billionaire Boss. en. Bloomberg.com. 2021-10-16.
  3. News: 2021-02-16. Gulf Fund Raises $75 Million for Mideast, North African Startups. en. Bloomberg.com. 2021-10-16.
  4. Book: Anthony Shoult. Doing Business with Saudi Arabia. 2006. GMB Publishing Ltd. 978-1-905050-67-3. 481.
  5. Web site: Alsafi Danone.
  6. Web site: Alfa Co. for Operations Services.
  7. Web site: Al Faisaliah Group. 2020-06-21. www.alfaisaliah.com.
  8. Web site: alfa co for operation services. 2020-06-21. www.alfaco.com.sa.
  9. Web site: Corporate News . Arab News . dead . https://web.archive.org/web/20110425214018/http://arabnews.com/economy/corporatenews/article19109.ece . 25 April 2011 .