Abdulla Fouad Group

What Abdulla Fouad Group does

Abdulla Fouad Group (AFG) is a privately-held, family-controlled Saudi Arabian conglomerate founded in 1948 by Sheikh Abdulla Fouad in Ras Tanura, now operating 16 wholly-owned subsidiaries across eight sectors: Industrial, Healthcare, Oil & Gas, Information Technology, Power & Utility, Supply Chain, Real Estate & Consumers, and Investment. The Group employs over 1,200 people across six locations in three countries, anchored in Dammam with regional offices in Riyadh, Jeddah, Abha, Al Madinah, and Abu Dhabi. Core operating businesses include AFIC (ATEX-certified cathodic protection and composite repair), AIC (NDT instrumentation and condition monitoring), AFMS (medical device and IVD distribution), Hakeem Labs (CBAHI-accredited diagnostic laboratories), AFES (oil & gas trading and joint venture management with international majors), AFTECH, I(TS)², and Polaris Technology (IT infrastructure, managed services, and cybersecurity), TAQQAT (EPC for MV/HV substations up to 132kV), AFCC (transportation and contracting), Fouad Cargo Agency (freight forwarding including radioactive and dangerous goods), Mantech Real Estate, Fouad Travel Company, and the Abdulla Fouad Public Auction business, plus an internal Investment Division.

AFG generates revenue through a mix of hardware sales (manufactured and distributed industrial and medical equipment), professional services (EPC, diagnostics, freight, real estate management), managed services (IT, cybersecurity, cloud, SIAM), and transaction fees (auctions, travel commissions). Its go-to-market is a direct enterprise field sales model targeting large Saudi government ministries, Saudi Aramco, SABIC, SADARA, MAADEN, SEC, SWCC, NWC, NEOM, The Red Sea Development, and major private sector accounts, supported by authorized-partner distribution agreements with global technology and medical brands including Oracle, Cisco, Lenovo, Hitachi, Fujitsu, SAP, VMware, Palo Alto Networks, Werfen, 10x Genomics, Sebia, and Bowa Medical. Pricing is bespoke enterprise contracting rather than standardized tiering, and revenue is largely Saudi-denominated with selected GCC exposure through joint ventures and the Abu Dhabi branch. The Group holds ISO 9001:2015 and ISO 45001:2018 (AFIC), CBAHI (Hakeem Labs), HCIS and SEC up-to-132kV (TAQQAT), and ATEX (AFIC) certifications, and is currently led by Chairman Faisal Abdulla Fouad Abubshait and CEO & President Hussein Fares.

Name

Abdulla Fouad Group

Legal name

Abdulla Fouad Group

Website

https://abdulla-fouad.com

Company type

Private

Founded year

1948

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Abdulla Fouad Group is a privately-held Saudi conglomerate founded in 1948, operating 16 subsidiaries across industrial services, healthcare, IT, power T&D, logistics, real estate, and investment, serving major Saudi enterprises and government clients including Aramco and SABIC.

Ownership category

akta.pro rank

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Corrosion Prevention Products (AFIC): AFIC manufactures and sells ATEX-certified transformer rectifiers, junction boxes, cathodic protection anodes, composite repair materials, and VCI (vapor phase inhibitor) solutions. Revenue is generated through direct product sales to industrial clients in Saudi Arabia and the GCC.
2. NDT Equipment and Services (AIC): AIC provides specialized non-destructive testing instruments, vibration monitoring systems, flame sensors, and process analyzers, along with associated inspection services. Revenue from equipment sales and service contracts.
3. Oil & Gas Trading and Services (AFES): AFES acts as the trading and service arm for the Oil & Gas sector, supplying electrical components, specialized equipment, safety and chemical products, mechanical products, and thermal solutions, as well as managing joint ventures. Revenue from product sales, agency commissions, and joint venture management fees.
4. Medical Device Distribution (AFMS): AFMS distributes medical devices, IVD/laboratory solutions, nuclear medicine products, surgical products, life sciences products, and provides biomedical and calibration services to government and private healthcare clients. Revenue from product distribution and service delivery.
5. Diagnostic Laboratory Services (Hakeem Labs): Hakeem Labs operates diagnostic laboratory branches providing microbiology, hematology, molecular genetics, clinical chemistry, immunology, and histopathology testing to patients and healthcare providers. Revenue from laboratory service fees.
6. IT Solutions and Services (AFTECH): AFTECH provides IT infrastructure, digital transformation, ERP/CRM, cybersecurity, big data analytics, managed services, and professional support. Revenue from solution design and implementation, managed service contracts, and licensing resale.
7. Cybersecurity Services (I(TS)²): I(TS)² delivers strategic cybersecurity consulting, bespoke security solutions, managed security services, training programs, and outsourcing. Revenue from consulting fees, MSS subscriptions, and training engagements.
8. Advanced IT Solutions (Polaris Technology): Polaris provides cloud services, IT managed services, SIAM, big data analytics, AI, and IoT solutions as an authorized provider for Hitachi, Oracle, and Fujitsu. Revenue from managed service contracts and solution implementation.
9. EPC Power and Utility Services (TAQQAT): TAQQAT operates as an EPC contractor for MV/HV substations and transmission/distribution lines, providing construction, O&M, industrial security, and EFIS services. Revenue from project-based engineering, procurement, and construction contracts.
10. Transportation and Logistics (AFCC): AFCC provides trucking transportation services (local, regional, long-haul), equipment rental, and manpower supply. Revenue from transportation fees, rental contracts, and service charges.
11. Freight Forwarding (Fouad Cargo Agency): Fouad Cargo Agency specializes in global freight forwarding, handling radioactive and dangerous goods, customs clearance, and documentation services. Revenue from freight fees and customs brokerage commissions.
12. Auction Services (Abdulla Fouad for Public Auction): The auction division sells surplus assets including industrial equipment, vehicles, construction machinery, and electronics on behalf of government, semi-government, and private sector clients. Revenue from auction commissions.
13. Travel Agency Services (Fouad Travel Company): Fouad Travel Company operates as an authorized airline agent (IATA member) providing ticket booking, hotel reservations, visa issuance, car rental, and travel insurance. Revenue from airline commissions and service fees.
14. Real Estate Management (Mantech Real Estate): Mantech provides property management, facilities management, residential and commercial unit leasing, land trading, and real estate development. Revenue from management fees, leasing commissions, and development projects.
15. Investment Management (Abdulla Fouad Investment): The Investment Division manages portfolios across public equity, private equity, real estate funds, and fixed income, and conducts M&A activities supporting AFG companies. Revenue from investment returns, management fees, and M&A advisory.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

Abdulla Fouad Group is a diversified Saudi Arabian conglomerate operating 16 subsidiaries across 8 sectors (Industrial, Healthcare, Oil & Gas, Information Technology, Power & Utility, Supply Chain, Real Estate & Consumers, and Investments). Its core offerings include cathodic protection and composite repair solutions (AFIC), non-destructive testing instruments (AIC), medical device distribution and CBAHI-accredited diagnostic laboratory services (AFMS, Hakeem Labs), oil and gas equipment trading and joint venture management (AFES), enterprise IT infrastructure, cloud, cybersecurity and managed services (AFTECH, I(TS)², Polaris), MV/HV substation and transmission EPC up to 132kV (TAQQAT), logistics and freight forwarding (AFCC, Fouad Cargo Agency), real estate and facilities management (Mantech), travel agency (Fouad Travel), public auction services, and investment management. The Group primarily operates as an authorized service provider, value-added reseller, and authorized distributor for global technology and medical device brands.

Product overview

Abdulla Fouad Group is a diversified conglomerate with a portfolio of distinct business units across 8 sectors. The group's offerings include: Industrial solutions (AFIC for corrosion prevention/cathodic protection, AIC for non-destructive testing); Healthcare services (AFMS for medical device distribution/diagnostics, Hakeem Labs for diagnostic testing); Energy/Oil & Gas (AFES for trading and joint venture management); Information Technology (AFTECH for IT solutions, I(TS)² for cybersecurity, Polaris for cloud/IoT); Power & Utility (TAQQAT for EPC electrical services); Supply Chain (AFCC for transportation/contracting, Fouad Cargo for freight forwarding); Real Estate & Consumers (Mantech Real Estate, Fouad Travel, Public Auction); and Investment services. These subsidiaries operate as separate divisions under the group umbrella, each serving distinct B2B markets with specialized products and services.

Differentiator

Problem solved

Functional benefit

Products and services

• Corrosion Prevention and Pipeline Integrity Solutions (AFIC) Manufacturer and provider of corrosion prevention solutions serving industrial clients across the GCC. Offers ATEX-certified transformer rectifiers and junction boxes, cathodic protection systems (sacrificial and impressed current anodes, monitoring equipment, CP material stocks), composite sleeve and wrap repair systems for damaged pipework, pipeline integrity assessment services (ICDA/ECDA/SCCDA), and VCI/MCI corrosion inhibitor products. Serves O&G, petrochemical, water, and utility clients including Saudi Aramco, SABIC, SWCC, NWC, and SEC.
• Non-Destructive Testing and Industrial Inspection (AIC)

Named customers22 records

Segments8 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature10 records

Partnerships

41 partnerships are on record, tiered core and minor.

• Roaya Real EstatecoreStrategic or Co-development Partner · 9 June 2025Abdulla Fouad Group's Consumer and Real Estate Division signed a strategic cooperation agreement with Roaya Real Estate (represented by CEO Mr. Faisal AlNahdi) for third-party operation and development of 'The C' shopping mall. The partnership aims to enhance the mall's commercial development, improve visitor experience, and attract high-quality tenants aligned with the mall's future ambitions. Represented by Vice President Mr. Hamad Mohammed AlBuali.
• Ivey Business SchoolminorStrategic or Co-development Partner · 5 May 2025Abdulla Fouad Group's People and Culture Department partnered with Ivey Business School to deliver a four-day intensive Leadership Program (May 5–8, 2025) for the senior leadership team across all business units. The program focused on growth mindset, strategic flexibility, overcoming resistance, and strategy in changing environments. Ivey is ranked among the world's top institutions in business education and leadership development.
• Abdulla Fouad Group (Acquisition of I(TS)²)coreOthers · 1 January 2023In 2023, Abdulla Fouad Group acquired IT Security Training and Solutions I(TS)², solidifying AFG's position as a prominent player in the Saudi cybersecurity market. I(TS)² had operated independently for over 20 years as a leading enterprise cybersecurity provider in Saudi Arabia before the acquisition.
• OraclecoreTechnology or IntegrationAFTECH holds a strong partnership with Oracle, distributing Oracle technology solutions including databases, cloud infrastructure, and enterprise applications to enterprise clients in Saudi Arabia. Oracle is cited as one of AFTECH's key global technology leaders.
• CiscocoreTechnology or IntegrationAFTECH is a Cisco partner providing networking, collaboration, and cybersecurity solutions. Cisco is listed as one of AFTECH's primary global technology partners alongside Oracle and Lenovo.
• LenovocoreTechnology or IntegrationAFTECH is a Lenovo partner distributing Lenovo hardware solutions including servers, storage, and workstations. Lenovo is cited as a key global technology leader for AFTECH.
• VMwarecoreTechnology or IntegrationAFTECH is a VMware partner providing virtualization and cloud infrastructure solutions to enterprise clients in Saudi Arabia. VMware products are part of AFTECH's managed services and IT infrastructure portfolio.
• SAPcoreTechnology or IntegrationAFTECH distributes SAP ERP and business management solutions, contributing to AFTECH's ERP & CRM Solutions and digital transformation offerings for Saudi enterprise clients.
• Palo Alto NetworkscoreTechnology or IntegrationAFTECH partners with Palo Alto Networks to deliver next-generation firewall, cloud security, and cybersecurity solutions to enterprise and government clients across Saudi Arabia.
• HitachicoreTechnology or IntegrationAFTECH holds a partnership with Hitachi for industrial and IT technology solutions, including data storage, analytics, and industrial IoT applications for Saudi enterprise clients.
• Red HatcoreTechnology or IntegrationAFTECH is a Red Hat partner providing open-source enterprise solutions including Red Hat Enterprise Linux, OpenShift, and Ansible automation platforms to enterprise clients.
• NutanixcoreTechnology or IntegrationAFTECH partners with Nutanix to deliver hyper-converged infrastructure (HCI), cloud computing, and enterprise virtualization solutions.
• HitachicoreTechnology or IntegrationPolaris Technology is an authorized service provider for Hitachi, delivering advanced IT solutions including enterprise IT infrastructure, cloud, and digital transformation services. Hitachi is cited as a key global technology leader for Polaris.
• OraclecoreTechnology or IntegrationPolaris Technology is an authorized service provider for Oracle, delivering cloud infrastructure, database, and enterprise application solutions to businesses across Saudi Arabia.
• FujitsucoreTechnology or IntegrationPolaris Technology is an authorized service provider for Fujitsu, providing digital transformation, managed services, and enterprise IT infrastructure solutions tailored to various industry sectors.
• WerfencoreChannel Partner/ Reseller/ DistributorAFMS is a distributor of Werfen products in Saudi Arabia, including GEM Premier 5000 blood gas analyzers. AFMS installed Werfen analyzers at the Security Forces Field Hospital in Mina for Hajj 1446H support, demonstrating the partnership's role in critical healthcare delivery.
• 10x GenomicscoreChannel Partner/ Reseller/ DistributorAFMS distributes 10x Genomics single-cell analysis and genomics solutions for life sciences research and clinical applications in Saudi Arabia.
• SebiacoreChannel Partner/ Reseller/ DistributorAFMS is a distributor of Sebia electrophoresis and capillary electrophoresis products for clinical diagnostics and hemoglobin testing in Saudi laboratories.
• Bowa MedicalcoreChannel Partner/ Reseller/ DistributorAFMS distributes Bowa Medical surgical products including electrosurgical units and instruments for operating theaters in Saudi government and private hospitals.
• GimmicoreChannel Partner/ Reseller/ DistributorAFMS distributes Gimmi surgical and medical equipment including endoscopic and laparoscopic instruments for minimally invasive procedures.
• 77ElektronikacoreChannel Partner/ Reseller/ DistributorAFMS distributes 77Elektronika clinical chemistry and diagnostic analyzers for laboratory use in Saudi healthcare facilities.
• AbioniccoreChannel Partner/ Reseller/ DistributorAFMS distributes Abionic rapid diagnostic tests including point-of-care tests for allergies and anaphylaxis (ABIOFLOW) in Saudi hospitals and clinics.
• Saudi AramcocoreStrategic or Co-development PartnerSaudi Aramco is a key anchor client and strategic partner for multiple AFG subsidiaries. AFIC provides corrosion prevention; AFES manages joint ventures and supplies O&G equipment; AFTECH provides IT solutions to Aramco Digital. The relationship spans over four decades.
• Impalloy Limited (UK)coreTechnology or IntegrationAFIC was established in 1982 as a joint venture with Impalloy Limited of the United Kingdom. The partnership provided access to British corrosion prevention technology and expertise. AFIC became fully owned by Abdulla Fouad Group in 1998.
• SAIPEMcoreStrategic or Co-development PartnerAFES collaborates with SAIPEM (Italy) on offshore and onshore oil and gas engineering and construction projects, providing joint venture services and specialized O&G equipment.
• McDermott InternationalcoreStrategic or Co-development PartnerAFES maintains joint ventures with McDermott for O&G engineering, procurement, construction, and installation (EPCI) projects in Saudi Arabia and the Gulf region.
• Subsea 7coreStrategic or Co-development PartnerAFES partners with Subsea 7 for subsea engineering, construction, and diving services supporting offshore oil and gas field development in the Gulf region.
• SNC-LavalincoreStrategic or Co-development PartnerAFES collaborates with SNC-Lavalin on engineering and project management services for O&G and energy projects in Saudi Arabia.
• NomaccoreStrategic or Co-development PartnerAFES partners with Nomac (a Mawarid Holding company) for operation and maintenance of power and water desalination plants across Saudi Arabia.
• 3T Energy GroupcoreStrategic or Co-development PartnerAFES collaborates with 3T Energy Group for specialized energy sector training, competency management, and digital learning solutions for O&G personnel.
• Applus VelosicoreStrategic or Co-development PartnerAFES works with Applus Velosi for inspection, verification, and certification services for O&G and industrial assets, including API 510/570/653 certifications.
• ToshibacoreTechnology or IntegrationAFES supplies Toshiba's electrical equipment and power solutions as part of its electrical solutions portfolio for O&G and power sector clients.
• ELSYCAcoreTechnology or IntegrationAFIC partners with ELSYCA for computational pipeline integrity and corrosion management software, enhancing AFIC's cathodic protection and ICDA/ECDA assessment capabilities.
• Cortec Middle EastcoreChannel Partner/ Reseller/ DistributorAFIC distributes Cortec MCI (Migrating Corrosion Inhibitor) and VpCI (Vapor phase Corrosion Inhibitor) products for industrial corrosion protection in Saudi Arabia.
• AmadeuscoreTechnology or IntegrationFouad Travel Company uses Amadeus GDS (Global Distribution System) for airline seat inventory, booking, and ticketing to serve domestic and international travel clients across Saudi Arabia.
• TravelportcoreTechnology or IntegrationFouad Travel Company uses Travelport GDS platform for travel content aggregation and booking services, enabling access to global airline, hotel, and car rental inventory.
• Saudi AirlinescoreChannel Partner/ Reseller/ DistributorFouad Travel Company is an authorized airline agent for Saudi Arabian Airlines (Saudia), issuing domestic and international tickets and providing additional travel services as part of the airline's distribution network.
• Emirates AirlinescoreChannel Partner/ Reseller/ DistributorFouad Travel Company is an authorized agent for Emirates Airlines, providing ticket booking and issuance services for Emirates routes serving Saudi corporate and individual clients.
• Qatar AirwayscoreChannel Partner/ Reseller/ DistributorFouad Travel Company is an authorized agent for Qatar Airways, enabling access to Qatar Airways' international network for Saudi-based travelers.
• Etihad AirwayscoreChannel Partner/ Reseller/ DistributorFouad Travel Company is an authorized agent for Etihad Airways, providing ticketing and travel management services for Etihad routes.
• Gulf AircoreChannel Partner/ Reseller/ DistributorFouad Travel Company is an authorized agent for Gulf Air, serving corporate and individual travelers requiring connectivity through Bahrain.

Scale indicators6 records

Recent moves14 records

Expansion highlights7 records

Direct peers

• Al Rushaid Group: Al Rushaid Group is a Saudi diversified industrial conglomerate with operations in oil & gas services, mining, construction, and industrial equipment — closely matching AFG's industrial and energy sector exposure. Both groups serve Saudi Aramco, SABIC, and SEC as anchor clients with similar multi-sector business models.
• Zahid Group: Zahid Group is a major Saudi conglomerate spanning oil & gas, heavy equipment distribution (CAT), construction, and real estate — directly comparable to AFG's diversified industrial/services model with similar anchor enterprise customers and a long Saudi operating history.
• Rawabi Holding: Rawabi Holding is a Saudi energy services conglomerate providing oilfield services, well services, and industrial solutions across the GCC — closely aligned with AFES and AFIC's offerings and serving the same Saudi Aramco/SABIC client base.
• Almutlaq Group: Almutlaq Group is a Saudi diversified industrial and trading conglomerate spanning oil & gas, automotive, construction, and industrial services — a closely comparable diversified family-held Saudi group serving similar enterprise customers.
• Al-Bawani Group: Al-Bawani Group is a Saudi construction, contracting, and industrial services group serving oil & gas, power, and government sectors — directly comparable to AFG's TAQQAT, AFCC, and Fouad Cargo Agency business units serving enterprise and government clients in Saudi Arabia.

Broad incumbents

• Olayan Group: Olayan Group is one of the largest Saudi conglomerates with operations across O&G services, distribution, healthcare, real estate, and consumer — representing a broader-incumbent comparable to AFG's diversified structure, though with substantially greater scale and global footprint.
• Baker Hughes: Baker Hughes is a global oilfield services and industrial equipment major with significant Saudi Arabia operations serving Saudi Aramco — a broad incumbent competing with AFES, AFIC, and TAQQAT in O&G services and equipment, though at much larger scale.

Emerging players

• NESR (National Energy Services Reunited): NESR is a MENA-focused oilfield services company providing drilling, completions, and production services across the GCC — an emerging player comparable to AFES's oil & gas trading/JV management business, though narrower in scope.
• Giza Systems: Giza Systems is an Egyptian IT systems integrator and managed services provider expanding across the Middle East including Saudi Arabia — an emerging player comparable to AFTECH, Polaris, and I(TS)² in enterprise IT and managed services, though based outside Saudi Arabia.

Regional players

• Pure Health: Pure Health is a UAE-headquartered healthcare and diagnostics operator expanding aggressively into Saudi Arabia — a regional comparable to Hakeem Labs and AFMS, though with a much larger diagnostics footprint and primarily UAE base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

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• Xx.com/AFHco
• Facebookfacebook.com/AbdullaFouadGroup

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries15 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 Abdulla Fouad Group