About Us

Our Mission

To achieve maximum value through focused investments and partnerships in Shariah compliant local markets, while maintaining the highest corporate governance standards, and incorporating sustainability into initiatives driving economic and social impact.

Our Vision

A leading investor driving prosperity for generations to come

Our Values

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SEDCO Holding appoints new Group CEO.

SEDCO Holding launches a new brand strategy

SEDCO Holding appoints new Group CEO and sets new business strategy for the future

SEDCO Holding signs an MOU with the Ministry of Education to offer Riyali program in schools and aim to reach 2 million beneficiaries by 2020

SEDCO Holding marks 40 years of success as a world-class ethical & Sustainable investor, it also reflects on its rich history and the early efforts of its founders.

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

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.

SEDCO Holding is ranked a Great Place to Work in Saudi Arabia. The company is 14th on the list – and reached to 4th by 2017.

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

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

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

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

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

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.

Acquires 50 percent ownership interest in Al-Nahdi pharmacy chain. Jumped from 100 pharmacies in 2003 to 1,140 branches in 2018

Establishment of Elaf Group in 1996.

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

Auto World was established in 1981.

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

Organizational Chart

Saleh Salem Bin Mahfouz

Chairman

SEDCO Holding’s Chairman, Saleh Salem Bin Mahfouz, also chairs Nahdi Medical Company, and Red Sea Markets. He also sits on the board of several Saudi companies in different sectors. Mr. Bin Mahfouz holds a Bachelor’s degree in Civil Engineering from King Fahd University of Petroleum and Minerals in Dhahran, Saudi Arabia.

Abdelelah Salem Bin Mahfouz

Vice Chairman

Abdelelah Salem Bin Mahfouz is a the vice chairman for SEDCO Holding and SEDCO Capital. Mr. Abdelelah began his career in 1975 with NCB, and from 1980 to 1990 was Deputy General Manager and Regional Manager for Riyadh. He joined SEDCO as Managing Director of SEDCO Financial Investments Group between 1997 and 2006, and chaired SEDCO Capital from its formation in 2010 until 2017. Mr. Abdelelah holds a Bachelor’s degree in Business Management from Ohio State University.

Rayyan Nagadi

Chief Executive Officer

Rayyan Nagadi became CEO of SEDCO Holding Group in December 2021. He brings more than 22 years of experience in both the public and private sectors, leading mega projects in banking, public utilities, petrochemicals, infrastructure and building materials. Prior to joining SEDCO Holding, Rayyan was the CEO of the National Center for Privatization & PPP where he played a vital role in developing the privatization institutional framework, laws, and regularly coordinating with government and semi-government agencies to promote public-private partnerships (PPP). Moreover, Rayyan was advisor to H.E the Minister of Finance and serves on the boards and executive committees of several companies and the CMA advisory committee. Rayyan holds a Bachelor's degree in Applied Electrical Engineering from King Fahd University of Petroleum & Minerals (KFUPM), Dhahran, Saudi Arabia.

Tharwat Amer

Chief Financial Officer

Tharwat Amer joined SEDCO Holding in 2016. He has more than 22 years of experience in corporate finance, investment management, and financial management across multiple industries. Mr. Amer began his career by qualifying as a Certified Public Accountant in Chicago, USA, and then worked for PwC and IBM. Before joining SEDCO, he worked with several leading companies as CFO, Director, and Audit Committee member. These include Jadwa Investment, where he was CFO for eight years and a founding member of the executive team, overseeing the firm’s growth from a small startup to a regional leader in private equity and asset management. Mr. Amer holds an MBA from Strayer University in the USA, with post-graduate studies involving e-commerce, strategy and leadership courses from world-class institutions. He has completed an executive Leadership Program at Stanford University, USA. He is also a Chartered Financial Analyst (2004), and a Certified Public Accountant (1996).

Mohammed Mosly

Chief Operating Officer

Mohammed Mosly became SEDCO Holding’s first Chief Operating Officer in 2022, filling a newly-defined post. He brings more than two decades of public and private sector experience to his role. His leadership and executive experience covers multiple sectors including corporate banking, investment banking, retail, consulting and public sector in senior roles including CEO, founding partner, and Chief Transformation Officer. He holds a Bachelor’s Degree in Supply Chain Management and Marketing Strategy from Northeastern University, and an Executive Management Development postgraduate certification from Michigan University’s Executive Education program.

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Annual Review 2021

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Businesses

Riyali Program

Sustainability