Saad Group

Saad Group (Arabic: مجموعة سعد) is a Saudi Arabian diversified conglomerate headquartered in Al Khobar. It was founded in 1958 by Abdullah Abdulaziz Al-Tuwaijiri, beginning in the construction sector in Saudi Arabia. Over the following decades the group expanded into real estate, finance, banking, energy and tourism, becoming one of the largest companies in the Middle East. By 2006 the group reported revenues of USD 4.352 billion, and according to Moody's, its Cayman Islands-based entity Saad Group Ltd. held total assets of USD 30.6 billion at the end of 2008. The group has been led by Saudi businessman Maan al-Sanea. In 2010, Saad Group became involved in legal disputes with rival Saudi company Ahab.

Saad Group was founded in 1958 by Abdullah Abdulaziz Al-Tuwaijiri, initially operating in the construction sector in Saudi Arabia. Over the following decades, the group diversified into real estate, finance, banking, energy and tourism, growing into a major Middle Eastern conglomerate. By 2006, the group reported revenues of USD 4.352 billion, making it one of the largest companies in the Middle East. According to Moody's, Saad Group Ltd., based in the Cayman Islands, had total assets of USD 30.6 billion at the end of 2008. The group has been led by Saudi businessman Maan al-Sanea. In 2010, Saad Group became involved in legal disputes with rival Saudi company Ahab.

• 2010

  Legal disputes arose with rival Saudi company Ahab.

• 2008

  According to Moody's, Saad Group Ltd. (Cayman Islands) held total assets of USD 30.6 billion at year-end.

• 2006

  Group reported revenues of USD 4.352 billion, ranking among the largest companies in the Middle East.

• 1958

  Saad Group founded by Abdullah Abdulaziz Al-Tuwaijiri, starting in the construction sector in Saudi Arabia.

One of the largest diversified conglomerates in the Middle East, with a broad portfolio spanning construction, real estate, finance, energy and tourism.

• Construction and contracting

  The group's original line of business, dating from its 1958 founding in Saudi Arabia.

• Real estate development

  One of the sectors into which the group expanded after its construction origins.

• Financial and banking services

  Finance and banking became part of the group's diversified portfolio.

• Energy

  Energy is among the sectors in which the conglomerate operates.

• Tourism

  Tourism is part of the group's diversified activities.

1. 1Saad Group – Wikidatawikidata.org
2. 2Saad Group – Wikipedia (German)de.wikipedia.org