Al Faisaliah Group
| Company type | Private |
|---|---|
| Industry | Information Systems; food and beverage; multimedia |
| Founded | 1970 |
| Headquarters | Riyadh |
Key people | Abdullah Al Faisal (Founder) Mohammed bin Khalid bin Abdullah Al Faisal (Group President) Ziad Al Tunisi (CEO) |
| Revenue | $800 million (2005) |
Number of employees | 1000 to 5000 (2017) |
| Website | alfaisaliah |
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:
- Food and beverage – Al-Safi Danone dairy products;[5] Alfa Co For Operation Services Ltd. meat products and restaurants[6]
- 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
[edit]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
[edit]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.
References
[edit]- ^ "Accenture to Strengthen Capabilities in Middle East through Joint Venture with Al Faisaliah Group". Accenture. 7 June 2011. Retrieved 4 March 2013.
- ^ "Saudi Prince's Rise to Power Turns Him Into a Billionaire Boss". Bloomberg.com. 10 August 2019. Retrieved 16 October 2021.
- ^ "Gulf Fund Raises $75 Million for Mideast, North African Startups". Bloomberg.com. 16 February 2021. Retrieved 16 October 2021.
- ^ Anthony Shoult (2006). Doing Business with Saudi Arabia. GMB Publishing Ltd. p. 481. ISBN 978-1-905050-67-3.
- ^ "Alsafi Danone".
- ^ "Alfa Co. for Operations Services".
- ^ "Al Faisaliah Group". www.alfaisaliah.com. Retrieved 21 June 2020.
- ^ "alfa co for operation services". www.alfaco.com.sa. Retrieved 21 June 2020.
- ^ "Corporate News". Arab News. Archived from the original on 25 April 2011.