40 Years Of Success

As SEDCO Holding marks 40 years of success as a world-class private

wealth manager and institutional investor, it also reflects on its rich history and the early efforts of its founders.

Today, the SEDCO Holding brand carries a strong market reputation due to its high standards of corporate governance and excellence in operations. The Group is considered a best in class partner for new businesses, and catalyzes success in industry sectors key to national prosperity.

Our success today owes a debt to the efforts of one man – our founder Sheikh Salem Bin Mahfouz. SEDCO – Saudi Economic and Development Company – was first founded in 1976 by the late Sheikh Salem Bin Mahfouz, growing from a small trading and construction contracting business in Jeddah to become one of Saudi Arabia’s largest conglomerates and a global force in Shariah-compliant private wealth management.

The scale and diversity of SEDCO’s operations grew apace through its formative years as the company focused on long-term investments and trade opportunities. The company evolved into a pioneering global corporation, diversifying steadily into virtually every asset class available to private and institutional investors.

As SEDCO Holding crosses the 40-year mark, it does so as a truly global company – one that has successfully made the transition to a leading, well-governed and world-class international holding group.

Timeline

2016

October 1, 2016

2016

Riyali financial literacy program reaches 150,000 beneficiaries across 24 cities

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2016

July 1, 2016

2016

Over 20+ operating companies blaze a path of success across 13 countries and collectively employ 5,000 people.

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2015

August 5, 2015

2015

SEDCO Holding acquires a stake in men’s apparel brand Al Shiaka, and also adds F&B chains Macaroni Grill and Ocean Basket to its portfolio.

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2014

March 8, 2014

2014

SEDCO Holding is ranked a Great Place to Work in Saudi Arabia. The company is 14th on the list – and will rise to 8th by 2015.

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2013

February 13, 2013

2013

The Elaf Bakkah hotel launches, bringing Elaf’s portfolio of hotels to 13. Meanwhile, Intimaa relaunches 4 main business lines.

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2012

February 14, 2012

2012

The Riyali financial literacy program launches, and is awarded the Makkah Excellence Award for Social Responsibility.

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2009

February 20, 2009

2009

SEDCO Holding restructures, and launches SEDCO Development. The firm also obtains a CMA license to create asset manager SEDCO Capital.

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2007-2008

February 1, 2008

2007-2008

Launching Red Sea Mall that includes the Headquarters of SEDCO Holding Group and the first hotel of Elaf Group in Jeddah.

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2005

January 4, 2005

2005

Acquisition of 21.3% of bank Muamalat Indonesia ( BMI ) in Indonesia, the largest Islamic bank in Indonesia.

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2004

May 7, 2004

2004

Since 2004, the appointment of first Chief Executive officer from outside the family to promote the principles of corporate governance. The company still sustains this tradition.

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2003

July 24, 2003

2003

Acquires 50 percent ownership interest in Al-Nahdi pharmacy chain. Jumped from 100 pharmacies in 2003 to 1,000 branches in 2016

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1996

June 17, 1996

1996

Establishment of Elaf Group in 1996.

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1987

September 22, 1987

1987

Almahmal opens door to first visitor. It has been a landmark of Al-balad in Jeddah until today.

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1983

February 14, 1983

1983

Auto World was established in 1981.

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1976

February 14, 1976

1976

The launch of Saudi Economic and Development Company ( SEDCO ) founded by the late Sheikh Salem Ahmed Bin Mahfouz.

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