THE MIDDLE EAST’S

42. Al Faisaliah Group (AFG)

Established: 1971
Country: Saudi Arabia
Group President: Mohammed K.A. Al Faisal

AFG operates in diverse sectors, including dairy, electronics, healthcare, and food services. It has partnerships with local and global firms, including Sony, Danone, Philips, and Accenture. Al Safi Danone, a joint venture between the group and Al Safi Dairy Company and Groupe Danone in France, supplies dairy products to over 32,000 retailers in 12 countries across the Middle East. In 2023, AFG was one of the anchor investors in Jamjoom pharma’s IPO. In October 2023, China's BeyonCa signed an MoU with AFG to explore opportunities for electric vehicle development, encompassing research and development, manufacturing, trade, retail, charging, insurance, ecological services, and allied sectors in the Middle East.