Top 100 Arab
Family Businesses

19. Saudi FAS Holding Company

Country: Saudi Arabia
Sector: Diversified
Establishment: 1975
Chairman: Fawaz Al Hokair

Saudi FAS Holding is the holding company of the Al Hokair family. It is equally owned by brothers Fawaz, Salman, and Abdul Majeed. The family owns 68.5% of the Fawaz Abdulaziz Alhokair Company, which was valued at $378 million as of July 2022, and works with around 98 international brands through 1,876 stores. It also owns 66.2% of Arabian Centres, valued at $1.7 billion as of August 2022, which is the largest mall operator in Saudi Arabia, with 21 malls and 4,300 stores.