A LEGACY BUILT
WITH EXPERTISE, PARTNERSHIPS,
INTEGRITY & DIVERSITY
ABOUT US
Established in 2010 by Engineer Al-MotazBellah Khashoggi and his family, and with its headquarters in Jeddah, Khashoggi Holding is a leading private holding group focused on investing in projects and businesses that contribute to the long-term benefit of the infrastructure, economic development, and social welfare of the Kingdom of Saudi Arabia.
The long-term vision of Khashoggi Holding is to gain an international reputation as a top tier private family holding company in the Kingdom, with specific focus on the delivery and subsequent oversight of partnered projects in the Power, Water and Healthcare sectors.
Our specific objectives for these partnerships are:
To co-invest on a JV basis, forming a new subsidiary company within the group for each partnership. By participating on an equity basis, rather than as an agent, we aim to share both the responsibilities and benefits of long-term management and profitability.
To promote long-term local employment and the transfer of skills, knowledge and experience to the Saudi workforce.
To select projects that deliver returns in excess of 20% IRR to the shareholders. In addition, our partners can count on the assistance of our affiliate law firm to receive advice and assistance on local tax, regulatory and licensing issues and requirements, to ensure their investment and returns are managed efficiently.
To reach a combined group turnover of SAR 1 billion
We are committed to improving multiple aspects of life by investing in, and building, high quality, diverse companies and by doing so benefit a wide variety of stakeholders, including employees, investors, customers and suppliers.
To meet this goal, the group commits to combine its significant influence, experience and abilities in its targeted sectors, with the most appropriate international partners, based on technical expertise, experience, capacity, and a willingness to make a long term commitment to the country
Products
Energy
Medical
Food
Financial
Aviation
Real Estate
Group Companies Portfolios
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MKL
Subul Sports
Subul Development
PEMCO
NATIONAL POWER AND WATER
DIWI
KCS
SMS
SAIF
MKL
MKL
is a multi disciplinary saudi law firm established in 1994 by Harvard graduate Motasem Almotazbellah Khashoggi. With offices spread across Saudi Arabia including the cities of Jeddah, Riyadh and Al Madinah and strategic partners located worldwide, MKL is renowned for its representation in all major practice areas and its expertise in serving local and international clients from both the public and private sectors.
Subul Sports
Subul Sports
was founded in 1998 with the very purpose of developing a sports and entertainment firm that would ultimately pursue the acquisition and management of Major League professional sports franchises. Since then, Subul Sports has grown by leaps and bounds over its 15-year existence, developing a strong corporate consulting practice, an industry-leading sponsorship and naming rights division. As we continue to evolve, GS has launched General Sports Arabia (Subul Sports).
Subul Development
Subul Development
Upon its inception in Jeddah in 2010, Subul Development in collaboration with Kommsult Real estate group focus was on the field of marketing of real estate projects, providing all the necessary services for both real estate developers and development advisors. Subul has grown, over a short period of time, to become one of the leading real estate groups involved in the major urban development projects across the region. Our real estate practice have been guided by a set of core values that determines our entrepreneurial actions and characterize our behavior customers, investors, employees and partners. www.subuldev.com
PEMCO
Power Equipment & Materials Company was established in 1997 to deliver power generation facilities and equipment in the Kingdom of Saudi Arabia.
In 1997 Asea Brown Boveri (ABB), with the help of the Khashoggi family, won the Shoaiba power plant extension and development. This led to subsequent contracts for the construction of Shoaiba II and III.
PEMCO’s role in these Saudi-International partnerships was threefold:
• To lead in new business development initiatives
• To act as liaison with the relevant Saudi Ministries
• To provide generator maintenance, engineering, and services after new plants were brought online
When ABB’s generator business was acquired by Alstom, the ABB-NPW relationship expanded and PEMCO continues to service the 120 ABB/Alstom turbines in Saudi Arabia.
In 2009 PEMCO agreed to part from Alstom to pursue new and separate business in the Saudi power marketplace, and continues to grow and expand, with a recent major expansion to its workshop in Yanbu recently undertaken. www.pemco.com.sa
NATIONAL POWER AND WATER
NATIONAL POWER AND WATER
National Power and Water is an emerging company specializing in the development, management and operations of projects for the power and utility services sectors with a clear focus on energy saving and energy efficient solutions.
NPW is involved in four major areas:
•Development Projects – large scale power and water development, IPP and IWPP development, efficient CC solar and hybrid PPs and greenfield and brownfield development.
•New Ventures – Specific solar energy development, nuclear regulatory process management, and other clean tech energy development.
•Power and equipment, plant operations, plant maintenance refurbishment and re-engineering and parts manufacturing and supply chain management.
•Acquisitions targeting companies in EU and US , EPC and project management.
National Power and Water is an emerging company specializing in the development, management and operations of projects for the power and utility services sectors with a clear focus on energy saving and energy efficient solutions.
NPW is involved in four major areas:
•Development Projects – large scale power and water development, IPP and IWPP development, efficient CC solar and hybrid PPs and greenfield and brownfield development.
•New Ventures – Specific solar energy development, nuclear regulatory process management, and other clean tech energy development.
•Power and equipment, plant operations, plant maintenance refurbishment and re-engineering and parts manufacturing and supply chain management.
•Acquisitions targeting companies in EU and US , EPC and project management.
SERVICES
Qualifications
NPW holds the following licenses and mandates:
A formal mandate from the late Crown Prince, HRH Sultan bin Abdulaziz Al Saud, pre-approving NPW to tender for the projects with combined capacity of up to 10,000 MW of power and 3m c.m of water. throughout Saudi Arabia
A license to produce power for the cities and districts of Jeddah, Tabuk and Gizan from the Electricity and Co-Generation Regulatory Authority (ECRA)
Pre-qualification status from SEC and SWCC
Pre-approval from the King Abdullah City for Atomic and Renewable Energy (KA-CARE) to bid for the first round of Solar Energy projects
A formal agreement to develop power and water projects from the Saudi Arabian Property Authority (MODON) for the forty new planned industrial cities.
NPW is also in the process of gaining qualification as an approved contractor for Saudi Aramco
Qualifications
NPW holds the following licenses and mandates:
A formal mandate from the late Crown Prince, HRH Sultan bin Abdulaziz Al Saud, pre-approving NPW to tender for the projects with combined capacity of up to 10,000 MW of power and 3m c.m of water. throughout Saudi Arabia
A license to produce power for the cities and districts of Jeddah, Tabuk and Gizan from the Electricity and Co-Generation Regulatory Authority (ECRA)
Pre-qualification status from SEC and SWCC
Pre-approval from the King Abdullah City for Atomic and Renewable Energy (KA-CARE) to bid for the first round of Solar Energy projects
A formal agreement to develop power and water projects from the Saudi Arabian Property Authority (MODON) for the forty new planned industrial cities.
NPW is also in the process of gaining qualification as an approved contractor for Saudi Aramco
DIWI
DIWI
has a long history as a German consultancy practice originating in 1913. The head office is located in Essen, Germany. DIWI has engaged with engineering projects world-wide and has established offices in Europe, the Middle East, the Caribbean, and Africa.
DIWI specializes in the provision design, construction supervision, project management, technical assistance and maintenance management services for transportation infrastructure, road utilities, bridges, airports, ports and tunnels, industrial and commercial buildings, health facilities, water supply systems, sewerage networks and waste water treatment plants. DIWI also undertakes economic and technical feasibility studies and provide environmental management services.
KCS
KCS
KCS brings top quality building materials where you need them when you need them at competitive prices.
We understand that every project is unique and that having the right materials spells the difference between success and failure.
At KCS, we offer a varied range of building materials and concrete solutions. Our list of products includes several types of building blocks, bricks, roof tiles, and pavement materials.
SMS
SMS
Saudi Medical Services is a leading company specializing in hospital management, operations engineering and medical equipment packaging within the Kingdom of Saudi Arabia. SMS is dedicated to providing the best healthcare products and services possible at a reasonable cost to its valued customers. We pride ourselves in our partnership with a set of public organizations and leading private enterprises and in our collective contribution to the development of the healthcare industry.
SAIF
SAIF
Saudi Arabia International Foods (SAIF) provides food and beverages on a large scale to corporate bodies and institutions in their cafeterias, stadiums and other specialized locations throughout the Kingdom.
SAIF appreciates the enormity of time and economic constraints that corporate management and institutions are undergoing in ensuring smooth, top quality operations and is committed towards bringing ‘the gold standard’ with the strictest hygiene to their catering.
Founder's Message
Starting with humble trading roots, our vision was simple – to create tangible value based on a focus on the social infrastructure needs of the Kingdom We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the Kingdom's economy and social welfare; achieving this through the commitment of our people, strategic partners and selectively invested capital. From affordable real estate, sustainable and renewable energy investments, healthcare and wellbeing projects, building materials, and utility services we have aligned ourselves with the broader long-term strategic goals of the Kingdom to provide a framework of services, support and infrastructure commensurate with the wealth and resources of Saudi Arabia. We draw strength from the selection of our international partners, who combine recognised excellence in their respective fields with a genuine long-term commitment to the region, and a willingness to invest both human and economic capital in our shared projects. Our approach to our investments is focused on the establishment of long lasting relationships that are founded and built on shared values and interests – including a commitment to applying the highest levels of transparency, trust and integrity to the way we conduct business. This commitment on shared interests is no better demonstrated than by the fact that Khashoggi Holding is a co-investor alongside our partners in each and every project we bring to the market. Our interests are fully aligned with those that we serve, an approach that both enhances our credibility and solidifies our relationships with our partners. Eventually, what matters is what we want to leave behind. Just as the Khashoggi family have benefited from the Kingdom, in return we hope to leave a legacy to benefit Saudi Arabia, a legacy that extends far beyond material wealth and numbers.
Eng. Almotazbellah Khashoggi
Chairman
(1947-2013)
HISTORY
1930
First Saudi Physician
Dr. Mohamed Khaled Khashoggi was the personal physician of King Abdulaziz ibn Saud, the founder of the modern Kingdom of Saudi Arabia, and the first to be internationally trained, receiving his medical degree from the Sorbonne in Paris.
During the reign of King Saud, he served as Deputy Director of Health, before the Directorate became a Ministry. The family retains close links to healthcare, and their Law Office is a key advisor to the government on healthcare issues.
1932
First Power Generator in Saudi Arabia
In conjunction with the Juffali family, the Khashoggis imported the first electricity generator to Saudi, which was used to light the Mosque in the Holy City of Makkah. This was provided free of charge, but surplus capacity was used to light the shops and homes of the surrounding city, for which they can be regarded as having the first power generating business in the Kingdom, a sector they have retained close ties with up to the present day.
1988
Rotana Holding
After leaving Dallah Albarakah, as which he served as the Managing Director for the Western Region, Eng. Almotazbellah Khashoggi founded Rotana Holding in 1988. Rotana oversaw agricultural aviation services for the Ministry of Aviation, and was also involved in the early days of media production in the Kingdom. Rotana was later acquired by the Kingdom Group, the investment holding company of Prince Al-Waleed bin Talal Al Saud.
1997
PEMCO
After many years of trading in parts and servicing in the power generation sector, Eng. Almotazbellah founded Power Equipment and Materials Company (PEMCO) in 1997.
The company was the exclusive service provider for Asea Brown Boveri (ABB) and later Alstom power generation turbine parts, materials, and engineering services, and oversaw ABB’s entry into the Kingdom.
1997
The Law Office of Motasem Khashoggi
The elder son of Almotazbellah Khashoggi, Motasem, studied law at Harvard, and returned to Saudi to found the Law Office of Motasem Khashoggi in 1997. Regarded as one of the leading practices in Saudi Arabia, it advises a number of government and sovereign institutions, in addition to prominent corporate and private clients.
The firm played a key role in drafting the Saudi Foreign Investment Law, the privatization of the Saudi Electric Company, advising on energy and power issues in the Saudi-WTO treaty establishment and developing current Saudi commercial law.
While not directly affiliated with Khashoggi Holding, the Law Office is an invaluable resource in supporting the holding company and its partners.
2009
Independence of PEMCO
In 2009, PEMCO ended its exclusive alliance with Alstom, and continues to focus on services portion of the power generator services marketplace as one of the only independent operators in the sector.
2010
Khashoggi Holding
In 2010, the family created Khashoggi Holding, a private equity business focused on reinvesting the proceeds of the legacy family businesses into a number of new ventures, primarily focused on the current significant investment in infrastructure in the Kingdom. The objective of the group is to develop long-lasting strategic investment partnerships to combine the family’s history, expertise and influence in the Kingdom with the technical and intellectual capital of international businesses.
Investment opportunities with Khashoggi Holding
In addition to our core strategy of co-investment in projects in Saudi Arabia, Khashoggi Holding makes selective direct private equity investments worldwide, focusing on opportunities that enhance or align with our existing operations.
If you have an investment that meets these criteria, please complete the attached due diligence questionnaire and submit it, along with your business plan and supporting documents, via the submission form on this page.
If you have an investment you wish Khashoggi Holding to consider for review, please complete the form below.
Khashoggi Holding - Corporate Brochure
Khashoggi Holding Brochure
An investment group with different arms and various businesses. We run multiple companies in different industries such as power and energy, food, aviation, medical services, financial services, and real estate, with a major focus on infrastructure mainly in power & energy.
Our ventured businesses extend from several local to international investments. We allocate the necessary time and resources to create diversified, profitable, and industry leading businesses that are nascent in KSA, elevate the user experience, ambitious in nature, and highly specialized. In addition, we have plans to venture into corporate social responsibility activities, as we are strong believers in giving back to the community
Location
Al-Hamara Plaza, 5 th Floor P.O.Box 3127, Jeddah 21471
Kingdom of Saudi Arabia
Our hours
09:00 AM – 05.00 PM
Sunday – Thursday
