Our History

Our history is intrinsically tied with the development and growth of Almajdouie. Founded in 1965 by Shaikh Ali Ibrahim Almajdouie, it started as a land transport company that, as the business flourished, expanded into logistics, automotive, manufacturing, real estate, travel, and thought the creation of Majd, the investment sector. These are some milestones we have reached along the way:

• The Start

  1968

  The Group entered the real estate sector through the acquisition of land in the city of Dammam

  
• Expansion

  1983

  We start investing in the travel, hospitality, and leisure sector with the creation of Almajdouie Travel, now named Arja

• 1993

  Expanded the business by entering the industrial sector through several private equity investments

• 1999

  We took our first steps toward social responsibility by entering the education sector

• 2001

  Furthering our commitment to creating shared value, we enter the healthcare sector through a regional private equity investment

• 2003

  Developed the Almajdouie Complex Tower, home to top-of-the-line corporate offices, showrooms, and coffee shops

  
• 2004

  Developed the Majd Business Center, originally named Karawan Towers, as well as the residential Karawan Village in Al Khobar, KSA

  
• 2005

  Entered the highly competitive oil and gas sector through an investment in one of the leading gas manufacturers and distributors in the UAE

• Growth

  2006

  Took a step into the financial market through bold equity investment, further expanding and diversifying our portfolio

• 2015

  Developed Majd Square, an imponent 28,000 m2 mixed-use project located in Al Jubail City, KSA, which includes a luxurious hotel, a residential compound, and commercial offices

  
• 2016

  We continued to diversify our investment portfolio by embarking on a number of venture capital initiatives

• Future

  2017

  We expanded our footprint in the travel and hospitality sector by acquiring a tourism company

• 2020

  To consolidate the investment activities of the Almajdouie Group, the launch of Majd Development and Investment Company took place, starting a new, exciting chapter to our legacy