Who We Are

We are a privately owned holding company based in Al Khobar, Eastern Province, Kingdom of Saudi Arabia. Although our roots in business development date back to 1914, awn was officially established in 2009 with the purpose of creating a parent company for the innovative ideas and enterprises to come. Since we were founded, we were successful in establishing, acquiring and investing in promising Saudi young organisations; some of which are very well known today. Although we specialise in the Professional and HORECA sectors, we hold and manage a diverse investment portfolio.

Our Legacy

awn's legacy extends well before 2009. It is a normal continuation of the business history of two well established family companies that has strong presence today; AlBassam & Sons (founded 1924) and Tamimi Group (founded 1953). awn owes much of its strength to those "parent" companies and maintains their strategic partnership.

Our Philosophy

Seeking and Capturing opportunities of pioneering and developing quality and extended-value-adding enterprises.

extended-value-adding is THE key criteria in our attitude and strategy towards evaluating the feasibility of business opportunities. In economics, value-added relates directly to financial profitability. Extended-value-added, to us, also includes the positive impact of the enterprise on the surrounding environment be it society, market, architecture, culture, perceived quality etc. While we know that financial profitability is the main driver to the success of a business, we strongly believe that contributing to our surroundings is key to its continuity, growth and goodwill.

Our Business Strategy

We are focused into creating and maintaining a diverse investment portfolio that is risk-balanced and growth-prone. We also believe in specialisation as a key factor into creating a distinguishable position in any market place. To achieve both criteria, awn focused its operations in two main sectors; the professional services sector and the hotels, restaurants and catering sector (i.e. HORECA). This strategy goes hand in hand with the recently announced Vision 2030 of the Kingdom of Saudi Arabia that establishes the two above mentioned sectors as main parts of the Vibrant Society with Fulfilling Lives theme.

On the other hand, and in order to achieve the targeted diversification, awn maintains a general portfolio that includes investments in real estate, private equity, diverse funds and the stock markets.