Ahmad Hamad Algosaibi & Bros was founded by Saud Abdul Aziz Al Gosaibi’s grandfather, Hamad, whose three sons, Ahmad, Abdul Aziz and Suleiman honed its current corporate identity. Suleiman is the lone surviving brother and chairman of the Alkhobar, Saudi Arabia based group.
Nowadays the company is best known for its construction of soft drinks can factories throughout the region – the first of which was for Pepsi Cola Products back in the mid 1950s. That pattern of investment earned the Algosaibi Family a reputation throughout the Kingdom of Saudi Arabia as international trading pioneers with a vision for growth.
Group investments include the ownership of the National Bottling Company, which bottles Pepsico beverages in Saudi Arabia’s Eastern Province, the luxury Al Gosaibi Hotel, the A.H. Al Gosaibi & Bros Money Exchange (which holds the Saudi rights for distribution of the American Express Gold card and Amex traveler checks), The International Banking Corporation (TIBC -Bahrain), and multiple, banking/financial, shipping and manufacturing ventures.
The Al Gosaibi Group are industrial partners with Continental Can, Crown Cork Holdings, SABIC, Olayan Holdings, Al Moajil, and British Petroleum in manufacturing operations throughout the Middle East. Their trading activities represent companies as diverse as Sumitomo of Japan, Jeumont of France, Mirrlees Blackstone of the UK, and US-based ShawCor. Active in Saudi Arabia’s publicly traded corporate market, they are major shareholders in Saudi American Bank, the Arab National Bank, the Saudi British Bank, Eastern Cement, Saudi Cement, Arabian Industrial Development (NAMA), Savola, SCECO(East), Saudi Hotels, Saudi Chevron Phillips, the Tihama Media Group and United Sugar to name a few.
In the summer, Algosaibi & Bros Company tied up with the American Crown Holdings Company to open a new US$40m beverage cans manufacturing plant in Tunisia, the first such plant in North Africa, and another in Dubai. There are other plants in Jordan and Saudi Arabia.
Social and environmental responsibilities have been central to the company’s strategy. The Algosaibi family founded Fatat el Khaleej – a social welfare society for the benefit of local and Gulf women. The company has also been contributing to the beautification of the main streets and beaches of Alkhobar and Dammam. It has also made several donations to universities and hospitals in the US and UK.
Follow us on
