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:
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The Start1968
The Group entered the real estate sector through the acquisition of land in the city of Dammam
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Expansion1983
We start investing in the travel, hospitality, and leisure sector with the creation of Almajdouie Travel, now named Arja
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1993
Expanded the business by entering the industrial sector through several private equity investments
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1999
We took our first steps toward social responsibility by entering the education sector
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2001
Furthering our commitment to creating shared value, we enter the healthcare sector through a regional private equity investment
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2003
Developed the Almajdouie Complex Tower, home to top-of-the-line corporate offices, showrooms, and coffee shops
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2004
Developed the Majd Business Center, originally named Karawan Towers, as well as the residential Karawan Village in Al Khobar, KSA
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2005
Entered the highly competitive oil and gas sector through an investment in one of the leading gas manufacturers and distributors in the UAE
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Growth2006
Took a step into the financial market through bold equity investment, further expanding and diversifying our portfolio
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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
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2016
We continued to diversify our investment portfolio by embarking on a number of venture capital initiatives
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Future2017
We expanded our footprint in the travel and hospitality sector by acquiring a tourism company
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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