Sector: Retail, Real Estate
Chairperson: Fawaz Al Hokair
Saudi FAS Holding is the holding company of the Al Hokair family and is equally owned by brothers Fawaz, Salman, and Abdul Majeed. The family is the largest shareholder in the Fawaz Abdulaziz Alhokair Co, where its 69.1% stake is valued at $856 million as of April 2021. It has interests in fashion retail and electronics. It represents international brands including Bershka, Clarks, GAP, Massimo Dutti, Smashbox, and Zara. The group operates in 16 countries across the Middle East, Europe, and the U.S. and employs around 15,000 people. It owns 65% of Arabian Centers, the largest mall operator in the kingdom, which was listed in 2019 and was valued at $1.8 billion as of April 2021.