The Group was founded in 1989 as a partnership registered as Fawaz Abdulaziz Alhokair and Company by three brothers, Dr. Fawaz Abdulaziz Alhokair, Eng. Salman Abdulaziz Alhokair and Dr. Abdul Majeed Abdulaziz Alhokair. Since then, the business has achieved a significant growth in its revenues and profitability and has achieved a leading position in fashion retail, food and entertainment, construction and real estate business sectors within the Kingdom. The Group presently employs over 10,000 employees across all its business operations throughout the Kingdom of Saudi Arabia and abroad.
The Group has successfully diversified its fashion retail business into other business sectors during the last two decades. The Group, in its endeavor to expand its business operations, entered into the real estate development in late 90s, by spinning out its construction division as a separate entity. Further it established the real estate management operations as early as 2000. Presently the Group is a leading real estate developer in the Kingdom of Saudi Arabia with a class “A” construction permit from the Saudi Government.
Presently the Group is pursuing expansion programs by consolidating its core businesses, the retailing & the real estate sectors while developing a portfolio of other business operation which is defined as an emerging businesses segment. The emerging businesses of the Fawaz Alhokair Group consist of business operation in sectors such as financial services, healthcare, leisure, kid’s entertainment & hotels.
The Group’s core business of fashion retail, food & entertainment require significant commercial space for growth. The entry into real estate sector through mall development provided a captive source of business and revenues to the Group besides providing it an opportunity to select the mall location taking cognizance of the customer tastes and preferences. Over the past two decades the Group has accumulated a wealth of knowledge in retailing and commercial space development.