Wednesday, Aug 10, 2022
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Al Fozan: Where social responsibility meets investment

Al Fozan
Al Fozan, a Saudi-Arabia based business conglomerate, focuses on balancing its social roles with its investment aspirations

Within a supportive investment and stimulating economic environment, Al Fozan, a business conglomerate has emerged as one of the well-known family businesses in Saudi Arabia. Established in 1959, it began as a trading company but have amassed a diversified investment portfolio that spans a multitude of industries including retail, manufacturing, real estate development, trading and more.

The company is known for its leadership in humanitarian work, the empowerment provided to the community by the group has proved its role in contributing to the society’s welfare. Al Fozan Holding is one of the fastest-growing success stories in the region, thanks to its integrated economic and social system.

Expansion and diversification

Al Fozan Holding is pursuing a portfolio management strategy, expansion, and diversification for many subsidiaries and emerging companies with promising potential. It also actively seeks to build partnerships and launch joint ventures with major players that enhance its position in the market.

With the dynamic transformations in the local and foreign markets, Al Fozan Holding is interested in strengthening its presence as a private company that can actively contribute to the development of the Saudi market and help in building the steady national economy.

History and vision

The company is driven by an entrepreneurial spirit, unwavering belief, and rock-solid values. Even today, these three pillars continue to be a guiding force in the success story of the Al Fozan Holding.

The company is known for balancing its social roles with its investment aspirations. All group components follow a straightforward approach that combines business and social responsibility.

Therefore, Al Fozan Social Foundation was established in 2005 as an institutional approach and a comprehensive umbrella for all social responsibility efforts aiming to develop social initiatives that empower the community and serve the economy and the environment.
The social initiatives are providing pioneering experiences in developing education, enabling technology, stimulating creativity, and encouraging innovation.

Al Fozan Holding looks forward to continuing its approach to work and enhance its presence in the economic scene, committed to its position as a supportive entity of the transformation, and as an organization with social initiatives that perform its role towards its society in line with the objectives of the Kingdom’s Vision 2030.
Governance

During six decades of its history, Al Fozan Holding has been keen to follow elaborate and effective governance based on fundamental values of transparency, equity, accountability, social responsibility, and sustainability.The system is designed to preserve the rights of all parties, serve the interests of partners, and achieve a positive impact on employees and stakeholders.

Brighter future

Amid this supportive environment, Al Fozan Holding approaches the future with confidence. The dedication of the group’s efforts is to expand its reach and explore new horizons, guided by its vision of “creating a brighter future for everyone around us”.

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