About Us

Company
Company

SEDCO Holding is a leading Saudi institution focused on driving prosperity for generations to come.
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Vision, Mission, Values
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45 Years of Success

Prudent Ethical Investing

Corporate Governance
Annual Review 2021

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Businesses
Businesses

SEDCO is proudly a Saudi company with investments spanning the world’s most exciting markets in sectors crucial to sustainable prosperity – including healthcare, education, asset management, hospitality and real estate.
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Asset Management

Education

Healthcare

Hospitality

Real Estate

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Sustainability
Sustainability

SEDCO holding believes in human capital development. We believes in empowering citizens and residents with the knowledge required to achieve a prosperous life.
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Employees

Community

Riyali

Salem bin Mahfouz Foundation

Group Company Initiatives
Riyali Program

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ABOUT SEDCO

SEDCO Holding is a leading Saudi ethical and sustainable investor with a track record of excellence dating back over 45 years.

Our Mission

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

Our Vision

A leading institution driving prosperity for generations to come.

Our Values

High Performance

We always seek to realize the full potential of our investments, whether in companies, sustainability initiatives, or in people.

Embracing Accountability

We believe in the importance of collective and individual accountability and are proud to take ownership for our performance.

Excellence

We take pride in our rigor, commitment to due process, and in the value we place on delivering excellence in everything we do.

Teamwork

With our high performance and diverse range of talent and expertise, we believe we are at our best when we work together.

Sustainability

Our commitment to business ethics is deep rooted. We are proud of our business integrity & transparency, and have placed sustainability at the heart of our company.

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2020

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

Auto World was established in 1981.

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

Establishment of Elaf Group in 1996.

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

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.

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

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

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

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

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

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.

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

SEDCO Holding sets a new business strategy "FOCUS 2025"

SEDCO Holding launches a new brand strategy

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).

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Prudent Ethical Investing

The SEDCO Group prides itself on demonstrating the competitiveness of Shariah-compliant financing and investment solutions across its global operations.

Corporate Governance

SEDCO Holding is known for world-class corporate governance standards based on the principles of fairness, transparency, accountability and responsibility. Our corporate governance standards are a key source of competitive advantage and position us a capable and ethical business group.

Our achievements define us