AL MURJAN GROUP

What AL MURJAN GROUP does

Al Murjan Group is a privately held, family-owned Saudi conglomerate founded in 1974 by Khaled bin Mahfouz in Jeddah, operating across eight economic sectors (Real Estate, Hospitality, Financial, Medical, Industrial, Info Tech, Construction, Retail) through 12+ wholly-owned subsidiaries including KEY (car rental), Balsam (IT), Sidra Capital (financial services), Masar and Al-Salama (medical), United Inks and Al-Kawther (industrial), Al-Murjan Preventive and Arabian Murjan (construction), Al-Murjan Investment and Al-Murjan International (real estate), Al-Murjan Development (hospitality), and Al-Salama/Mediclinic Al-Murjan Hospital (healthcare). The group operates hotel properties including Four Points by Sheraton Obhur (300 rooms) and Blue Coral Hotel (304 rooms in Makkah), and in 2025 launched a Sharia-compliant asset management investment platform in partnership with Abu Dhabi-based BlueFive Capital.

The company makes money through a hybrid model: (1) operating revenue from wholly-owned hospitality, healthcare, retail, construction, and industrial subsidiaries, including large project contracts such as the SAR 400M Mediclinic Al-Murjan Hospital deal with Khaled Al-Juffali Holding and the SAR 600M+ Delta Complex agreement with Al Sharq; (2) income-generating real estate assets (hotels, commercial properties); (3) financial investment income from publicly traded securities, private equity, and minority stake investments managed via Sidra Capital; and (4) management and development fees on its diversified portfolio. Go-to-market is enterprise field sales and direct B2B contracts, complemented by channel partnerships with international operators (Marriott International for hotels, Mediclinic for healthcare, JLL for advisory).

Leadership succession passed from founder Khaled bin Mahfouz to his eldest son Abdul Rahman bin Mahfouz in 2009, and then to the younger son Sultan bin Khalid bin Mahfouz as Chairman in 2021. The group employs 1,001-5,000 people across its portfolio, with a self-described multibillion-dollar asset base concentrated primarily in Saudi Arabia but extended into the Middle East and Europe, and aligns its expansion strategy with Saudi Vision 2030 priorities across tourism, healthcare, financial services, and real estate.

Name

AL MURJAN GROUP

Legal name

Al Murjan Holding Group Company

Website

https://almurjan.com

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Al Murjan Group is a privately held, family-owned Saudi conglomerate founded in 1974, operating 12+ wholly-owned subsidiaries across real estate, hospitality, healthcare, financial services, construction, industrial, IT, and retail sectors, headquartered in Jeddah with a self-described multibillion-dollar portfolio anchored to Saudi Vision 2030 priorities.

Ownership category

akta.pro rank

Product category

Diversified Holding Company

NAICS

Corporate, Subsidiary, and Regional Managing Offices (551114), Offices of Other Holding Companies (551112), Other Financial Vehicles (525990)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Islamic Investment Banking & Capital Markets Services (FSABAGAG)

akta.pro secondary industry

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)

Keywords

• Diversified holding company
• Real estate development
• Hospitality management
• Healthcare services
• Asset management

Headquarters

HQ city

Jeddah

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Financial Investments: Managing diversified financial investment portfolio including publicly traded securities and capital markets investments
2. Owned Business Units: 100% owned subsidiaries operating across multiple sectors including real estate, hospitality, medical, retail, construction, industrial, and information technology
3. Minority Investments: Strategic minority stake investments in various companies and projects
4. Real Estate Assets: Income-generating real estate assets including hotels and commercial properties
5. Private Equity: Private equity investments in various sectors and growth-stage companies

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Al Murjan Group is a multibillion-dollar diversified Saudi holding company that owns and operates subsidiaries across Real Estate, Hospitality, Financial, Medical, Industrial, Information Technology, Construction, and Retail sectors. Its operations span financial investments, wholly-owned business units, minority-owned investments, income-generating real estate assets (including Marriott-branded hotels), private equity, and a Sharia-compliant asset management platform launched with BlueFive Capital in September 2025. The group's portfolio includes Sidra Capital (financial services), Mediclinic Al-Murjan Hospital, Four Points by Sheraton Obhur, Blue Coral Hotel, KEY Car Rental, and United Inks.

Product overview

Al Murjan Group is a diversified multibillion-dollar Saudi business conglomerate with global operations spanning multiple economic sectors. The company operates through a portfolio of wholly-owned subsidiaries and business units including: KEY (car rental), Balsam (info tech), Sidra Capital (financial), Masar and Al-Salama (medical), Mediclinic Al-Murjan Hospital (healthcare), Al-Murjan Investment and Al-Murjan International (real estate), Al-Murjan Development (hospitality), United Inks and Al-Kawther (industrial), and Al-Murjan Preventive and Arabian Murjan (construction). The Group's hospitality operations include Four Points by Sheraton Obhur and Blue Coral Hotel. In 2025, the company launched a Sharia-compliant asset management investment platform in partnership with BlueFive Capital. Founded in 1974 by Khaled bin Mahfouz, the Group has operations spanning the Middle East and Europe.

Differentiator

Problem solved

Functional benefit

Products and services

• Four Points by Sheraton Obhur Hotel property with 300 rooms, 22 floors, and over 32,000 sqm built-up area overlooking Sharm Obhur in Jeddah; first waterfront hotel in South Obhur under the Marriott International brand.
• Blue Coral Hotel Hotel property in Makkah with 304 furnished rooms, used for quarantine during COVID-19.
• Mediclinic Al-Murjan Hospital Private hospital in Jeddah developed in partnership with Khaled Al-Juffali Holding and Mediclinic, offering advanced healthcare services.
• Sharia-compliant Asset Management Investment Platform Sharia-compliant asset management investment platform launched in partnership with BlueFive Capital for investment in AI, biotechnology, and advanced computing in the US and Europe.
• Delta Hotels by Marriott (Jeddah) Hotel property in Jeddah operated under the Delta Hotels by Marriott brand; the Middle East's first Delta Hotel by Marriott.
• Marriott Executive Apartments (Jeddah) Extended-stay apartment hotel in Jeddah operated under the Marriott Executive Apartments brand; Jeddah's first property under this brand.
• KEY Car Rental Car rental company operating within the Al Murjan Group portfolio under the retail sector.
• Sidra Capital Financial Services Financial services subsidiary operating within Al Murjan Group's financial sector, providing diversified financial investment services.
• United Inks (Industrial Printing Inks) Industrial sector subsidiary of Al Murjan Group producing printing inks.

Quantifiable outcome

• 8 sectors of operation
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered major and core.

• Al Sharq Company (Weavers)majorImplementation/ SI/ Consulting Partner · 22 November 2022SAR 600+ million agreement for finishes, electromechanical works, and external facades of Delta Complex buildings. Work scheduled for completion in early 2025.
• Khaled Al Juffali Holding CompanycoreStrategic or Co-development Partner · 17 September 2020SAR 400 million contract ($106.6 million) for finishes and electromechanical works for Mediclinic Al-Murjan Hospital in Jeddah. Contract includes finishing works, electricity, plumbing, medical equipment supply, and building systems.
• Marriott InternationalcoreStrategic or Co-development Partner · 10 June 2018Three deal signings for hotel projects in Jeddah including Middle East's first Delta Hotels by Marriott, Jeddah's first Marriott Executive Apartments, and Four Points by Sheraton. Partnership adds over 500 rooms in Saudi Arabia.
• JLL (Jones Lang LaSalle)coreStrategic or Co-development Partner · 10 June 2018Advisory firm assisting with project development and delivery for Marriott hotel projects in Jeddah. Conducted competitive process for partner selection.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Zahid Group: Saudi diversified holding company with operations spanning construction, heavy equipment, hospitality, energy, and consumer products. Direct comparable in multi-sector Saudi family conglomerate model with major government and enterprise contracts.
• Savola Group: Saudi publicly listed diversified holding company operating across food, retail, and plastics, with similar multi-sector structure and Saudi family-controlled origins. Comparable diversified conglomerate model with operating subsidiaries and external partnerships.
• Olayan Financing Company: Saudi family-owned diversified conglomerate with operations in consumer, healthcare, industrial, real estate, and financial services. Shares the same multi-generational Saudi family holding structure and diversified sector exposure as Al Murjan.
• Kingdom Holding Company: Riyadh-based diversified Saudi conglomerate with stakes across hospitality (Four Seasons, Fairmont), real estate, healthcare, financial services, and technology. Closest direct peer to Al Murjan Group given comparable diversified holding model, Saudi origin, and Vision 2030 alignment.
• Al Rajhi Holding Group: Large Saudi family-owned conglomerate with interests in construction, real estate, food, and industrial sectors. Comparable diversified holding structure with Saudi Vision 2030 alignment and major contract-based revenue model.
• Dar Al Arkan Real Estate Development: Saudi publicly listed real estate developer with hospitality and commercial property exposure. Comparable to Al Murjan's real estate and hospitality subsidiaries operating in the Saudi market with Vision 2030-aligned projects.
• Emaar Properties: UAE-based major real estate developer with hospitality, retail, and entertainment operations. Directly comparable to Al Murjan's real estate and hotel development arms, though at significantly larger scale and with a Dubai-centric base.
• Nesma Holding: Saudi diversified conglomerate with operations in construction, real estate, hospitality, healthcare, and industrial sectors. Shares a similar diversified family-controlled structure with construction and hospitality as core operating subsidiaries.

Regional players

• Aldar Properties: Abu Dhabi-based real estate and hospitality developer with diversified operations across real estate, asset management, and education. Comparable to Al Murjan Development's hospitality and real estate arms, though based in the UAE and operating at a larger scale.
• Al Habtoor Group: UAE-based diversified conglomerate in hospitality, real estate, automotive, and education. Comparable diversified family-controlled model in the GCC with strong hospitality and real estate exposure, though operating from the UAE rather than Saudi Arabia.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• Xx.com/almurjanholding
• YouTubeyoutube.com/channel/UCE-6u5ONcppZfcpBTlk0XRA
• LinkedInlinkedin.com/company/al-murjan-holding
• Instagraminstagram.com/almurjan_group
• Facebookfacebook.com/murjangroup

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AL MURJAN GROUP