Strategic Stakes That Drive
Growth & Value
Guided by a patient and principled investment philosophy, the Group has backed a number of growth-stage companies across key sectors, offering not only capital, but also deep operational insight and access to a regional network of strategic partners. Among the Group’s notable success stories are:
Active Strategic Investments
IPO Date
Valuation at IPO
Founded in 2017 owing to the privatization of the General Food Security Authority (GFSA), First Mills is at the cornerstones of Saudi Arabia’s strategic food security ecosystem. First Mills is a market-leading milling player in the Kingdom, incorporating innovative solutions to produce the highest quality flour, feed, bran and wheat derivatives. The Company covers all major regions of the Kingdom through four strategically located, large-capacity mills in Jeddah, Qassim, Tabuk, and Al-Ahsa.
Al Faisaliah Group with a consortium of partners aqcuired First Mills in 2021 and proceeded to lead a tranformation program, focusing on management team recruitment, production capacity, cost optimization and the launch of a consumer brand. This enabled a successful, 70X oversubscribed IPO in June 2023.
Active Strategic Investments
IPO Date
Valuation at IPO
Maharah Human Resources was founded in 2013 and has established itself as a leading provider of comprehensive and integrated manpower and HR solutions in Saudi Arabia.
Al Faisaliah Group acquired stakes in Maharah as part of a consortium in 2016.
This investment exemplifies our philosophy of engaged ownership. We worked hand-in-hand with management to institutionalize world-class standards across the organization, ensuring the company could sustain high-velocity growth while maintaining service quality. Our support focused on diversifying revenue streams and implementing the financial governance necessary for a public listing in 2019.
Active Strategic Investments
IPO Date
Valuation at IPO
SMASCO was established in 2012 and is a pioneer in the manpower industry. SMASCO supports corporate entities and individuals in their manpower needs through a range of products and services throughout Saudi Arabia, underpinned by its commitment to excellence and innovation, particularly through the use of digitization.
AFG's investment in SMASCO in 2022 was driven by a vision to revolutionize how manpower is sourced and managed in the Kingdom. We supported the company’s transition into a technology-led platform, enabling the seamless management of a massive workforce and client base. Through strategic board representation, we guided SMASCO’s expansion into new vertical markets and oversaw the rigorous financial restructuring required for public markets. This operational discipline cemented SMASCO's position as the largest player in the sector and facilitated its IPO in 2024.
Exited Strategic Investments
IPO Date
In 2006, Al Faisaliah Group established Al Faisaliah Business & Technology Company (FBTC), specializing in SAP implementation and support. In 2011, Al Faisaliah partnered with Accenture to form a joint venture that combines FBTC’s strengths in enterprise architecture, systems implementation, and technology consulting with Accenture’s global expertise in management consulting, innovation, and outsourcing.
This partnership was built under the vision to be the leader in technology supporting the Kingdom’s Vision 2030. Our collaboration focused on localizing global best practices and driving a robust talent strategy to build a specialized Saudi workforce. Accenture is now positioned as the go-to partner for digital transformations and technology consulting across the Kingdom.
Exited Strategic Investments
AlMajdiah Residence is one of Saudi Arabia’s foremost residential and commercial real estate developers, with roots dating back to 1969. The company is known for delivering modern, high-quality living spaces equipped with smart technologies and advanced safety systems. To date, AlMajdiah has developed over 2.5 million square meters, including more than 18,000 residential units.
In 2022, Al Faisaliah Group invested in AlMajdiah, to institutionalize the company’s operations and accelerate its growth. AFG provided strategic support in structuring the organization for massive scale, enhancing corporate governance, and optimizing capital management. This active partnership has enabled Al Majdiah to expand its land bank and project portfolio significantly, transforming it from a successful developer into a robust, corporate institution ready for the next phase of market leadership, and pave the way to its IPO in 2025.
Exited Strategic Investments
IPO Date
Valuation at IPO
Jamjoom Pharma is a Saudi-rooted pharmaceutical leader delivering high-quality, accessible medicines across 36+ countries. With manufacturing anchored in the Kingdom, the company drives regional health resilience and advances pharmaceutical localization in line with Vision 2030.
Al Faisaliah Group served as the cornerstone investor in the company’s IPO, reinforcing market confidence and long-term commitment. Beyond capital support, AFG actively led investor roadshows and provided strategic insights into capital markets, helping shape a compelling investment narrative that resonated with institutional and retail audiences alike. This partnership successfully positioned the company for its public listing in 2023.
