The Founder Who Inspires Al Majdouie's Generations
A dream was born in Baljurashi, a small town southwest of Saudi Arabia, when a young man, Ali Ibrahim Al Majdouie, decided to set out on a journey to wealth. Audacious and impassioned, Al Majdouie moved to the oil-rich Eastern Region of the Kingdom, namely Dhahran. He spent five years at Aramco, where he discovered his passion for logistics and transportation. The Port of Dammam was his next destination, and the place where his entrepreneurial spirit was ignited. He bought the first truck of what later became one of the biggest fleets in Saudi Arabia.
The tremendous leap that shaped Al Majdouie's future took place in 1965 when he launched his first land transport company. Immense momentum drove Al Majdouie and the company forward, and the fleet had grown dramatically to include over 1,800 trucks and 2,200 trailers of various types.
In the 1970's, Sheikh Ali Al Majdouie worked tirelessly on localizing the logistics and transportation industry and established Al Majdouie Steel Industries to provide for the growing fleet.
Al Majdouie Group flourished in the 1980's, which witnessed the foundation of a new subsidiary, Al Majdouie Motors Co., that now showcases a great number of the best global automobile manufacturers.
The 1990's saw Al Majdouie Group explore expansion opportunities within the food industry with the establishment of Aryaf Bakeries. This move was vital in diversifying the Group's portfolio and in gaining a greater market share across multiple sectors.
Under the inspired leadership of Sheikh Ali Al Majdouie, the Group continued on a path of prosperity in the following decades. In 2012, Al Majdouie Investment, the non-operational financial arm of the Group was formed. The company's market included public and private equities as well as real estate.
Two years later, in 2014, a new philanthropic foundation, Al Majdouie Foundation, was announced. It was to be the Corporate Social Responsibility (CSR) arm of Al Majdouie Group. The Foundation works closely with local partners on multiple programs that are both effective and sustainable, devised to help beneficiaries lead better lives and participate in the growth and development of the Kingdom.
As a way forward, Majd Investment was formed between 2019 and 2020 to primarily streamline the Group's assets and facilitate succession with more avenues for growth and collaboration with current and future partners.