Ahmad Hamad Algosaibi & Bros was founded by Saud Abdul Aziz Algosaibi’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 Al Khobar, 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 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 Algosaibi Hotel, the AH Algosaibi & Bros Money Exchange (which holds the Saudi rights for distribution of the American Express Gold card and Amex traveller cheques), The International Banking Corporation (TIBC-Bahrain), and multiple, banking/financial, shipping and manufacturing ventures.
The Algosaibi Group is 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 but a few.
Follow us on
