Zahid Group

What Zahid Group does

Zahid Group is a privately held Saudi Arabian conglomerate founded in 1943, operating across 15 sectors including construction machinery, commercial vehicles, manufacturing, energy, water, hospitality, financial services, oil and gas, real estate, transportation, travel, marketing, investments, and facilities management. The group holds long-tenured exclusive OEM distributorships including Caterpillar (75+ years), Volvo Trucks, UD Trucks, Renault Trucks, and TotalEnergies, and operates across Saudi Arabia, UAE, Kenya, Germany, Morocco, Lebanon, Bahrain, and South Africa following the 2025 acquisition of Barloworld.

The group's product and technology footprint spans capital-intensive industrial operations — a power generation fleet exceeding 2 GW, photovoltaic capacity of 2.2 GWp via subsidiary Greencells, and an automotive vehicle inspection (AVI) facility at King Abdullah Economic City — alongside service-driven units such as Budget Saudi (the kingdom's largest car rental with 29,000+ vehicles), Travel Solutions, and a hospitality portfolio. Manufacturing capabilities include truck assembly at a 55,000 sqm plant, production of fire trucks and other heavy vehicles, and a joint venture with CIMC for specialized vehicles. Technology platforms referenced in operations include Trimble for equipment and S.O.S. Lab for fluid analysis, but no proprietary AI/ML systems are documented.

The business model is multi-engine: equipment sales and aftermarket service via OEM distribution; long-term power, water, and renewables concessions; vehicle rental day-rates; real estate leasing across 2,000+ properties; consumer and SME financial services via AJIL Finance (a Saudi Central Bank-licensed entity with SAR 500 million capital); and hospitality F&B and accommodation. Customer segments span Saudi government ministries and state-owned enterprises (notably Saudi Aramco under eight-figure contracts), industrial contractors, hospitality consumers, and B2C rental users. The group operates nine major facilities including the 1,532-employee Zahid Business Park, has held Top Employer certification for four consecutive years, and is pursuing Vision 2030-aligned localization across defense and clean energy.

Name

Zahid Group

Legal name

Zahid Tractor & Heavy Machinery Co Ltd

Website

https://www.zahid.com/

Company type

Private

Founded year

1943

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Zahid Group is a privately held Saudi Arabian conglomerate founded in 1943, operating across 15 sectors including construction machinery distribution, manufacturing, energy, transportation, and financial services, with exclusive long-tenured Caterpillar dealerships and operations spanning the Middle East and Africa.

Ownership category

akta.pro rank

Product category

Industrial Conglomerate Services

NAICS

Offices of Other Holding Companies (551112), Management of Companies and Enterprises (55), Management of Companies and Enterprises (5511), Air and Gas Compressor Manufacturing (333912)

SIC

Engines & Turbines (3510), Motors & Generators (3621), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Wind Turbines & Nacelle Prime Movers (IMAHAFAE)

akta.pro secondary industries

Wind Turbine OEM Manufacturing (Nacelles, Drivetrains, Generators) (EUAMAHAD), Islamic Trade Finance & Supply Chain (Shariah-compliant) (FSABAGAE), Wind Balance-of-Plant EPC (Crane Pads, Turbine Foundations, Internal Roads) (EUAEADAI)

Keywords

• Construction machinery distribution
• Commercial vehicles distribution
• Industrial equipment manufacturing
• Power generation solutions
• Facilities management services

Headquarters

HQ city

Makkah

HQ country

Saudi Arabia

HQ region

Middle East

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Construction & Heavy Machinery: Distribution and service of Caterpillar construction machinery, equipment rental through EJAR, and industrial machinery products through TAMGO. Revenue from new equipment sales, parts, services, and rentals.
2. Commercial Vehicles: Exclusive distribution of Volvo Trucks, UD Trucks, and Renault Trucks in Saudi Arabia. Also represents Volvo Buses. Revenue from vehicle sales, after-sales service, and maintenance.
3. Manufacturing: Assembly and manufacturing of trucks (AVI), generator sets, metal structures, armored vehicles, and industrial components. ISO 9001 certified manufacturing operations.
4. Energy Services: Power generation, cooling, water and renewables through Altaaqa. Mobile generator fleet over 2GW. Solar PV development and EPC services through Greencells with 2.2 GWp installed capacity.
5. Financial Services: AJIL Financial Services provides Shariah-compliant financing solutions with capital of 500 million Saudi Riyals, licensed by Saudi Central Bank.
6. Oil & Gas: Lubricants manufacturing through Total partnership, and oilfield equipment manufacturing through CORE.
7. Hospitality: Food & beverage franchise operations including Casper & Gambini's, Bab Idris, Tarator, Silverspoon, Maui, Gather, Chef's Market, and On Set Catering.
8. Travel & Tourism: Travel agency services through Zahid Travel Group, destination management (GoZahid DM), business travel (GoZahid BT exclusive Reed & Mackay representative), and travel services.
9. Transportation & Logistics: Car rental through Budget Saudi (largest in Saudi Arabia with 29,000+ vehicles), third-party logistics through Wared Logistics.
10. Total Facilities Management: Facilities management services through OCS Arabia joint venture, providing 80+ services across diverse sectors.
11. Real Estate: Luxury accommodation provider with 2,000+ properties across Jeddah, Riyadh, and Yanbu through Arabian Homes.

Go-to-market motion2 records

Distribution channels9 records

Marketing channels8 records

Core offering

Zahid Group is a diversified multinational conglomerate that distributes construction machinery (Caterpillar), commercial vehicles (Volvo, UD, Renault), manufactures trucks and generator sets, provides power generation and renewable energy solutions, financial leasing, facilities management, hospitality, travel, logistics, and real estate services across Saudi Arabia and international markets through 15 sectors. The group operates through wholly-owned subsidiaries, joint ventures, and exclusive distributorships with global manufacturers, serving both private and public sector customers.

Product overview

Zahid Group operates as a diversified multinational conglomerate with a portfolio of wholly and partially owned subsidiaries across 15 sectors in Saudi Arabia. The company offers integrated products and services through distinct business divisions and subsidiary brands: Construction & Heavy Machinery (Zahid Tractor CMD, EJAR, TAMGO, ST), Commercial Vehicles (CVD distributing Volvo/UD/Renault Trucks), Manufacturing (AVI truck assembly, Zahid Industries, ISM, AAE), Energy Services (Altaaqa, Altaaqa Renewables, Altaaqa Global, Greencells, OMAS, SAFEER), Water Services (MTD Arabia), Facilities Management (OCS Arabia), Hospitality (Hospitality Ventures with F&B brands), Financial Services (AJIL), Oil & Gas (Total Petroleum Products, CORE), Real Estate (Arabian Homes), Transportation & Logistics (Wared Logistics, Budget Saudi), Travel & Tourism (Zahid Travel Group), Marketing Communications (Another In Kingdom), and Investments. The group also runs the SUPLess environmental initiative to eliminate single-use plastics.

Differentiator

Problem solved

Functional benefit

Brands

• SUPLess: Zahid Group's environmental initiative for eliminating single-use plastic across group companies
• Ant Ventures
• CMD
• CVD
• GoZahid

Products and services

• Zahid Tractor - Construction Machinery Division (CMD) Exclusive distributor of Caterpillar construction machinery and equipment across Saudi Arabia, providing fully integrated construction machinery products and services including new products, parts, rentals, and used equipment for construction and mining companies.
• EJAR Equipment Rental Equipment rental company offering RUN (Rent, Used, New) solutions with branches across Saudi Arabia, providing onsite support, expert advice, and operator training for construction and industrial customers.
• Commercial Vehicles Division (CVD) Exclusive distributor of Volvo Trucks, UD Trucks, Renault Trucks, and Volvo Buses in Saudi Arabia, providing vehicle sales, after-sales service, and maintenance for commercial transportation customers.
• Arabian Vehicles & Trucks Industry (AVI) Joint venture with Volvo Truck Corporation assembling Volvo, Renault, and UD Trucks at a 55,000 sqm facility in King Abdullah Economic City with 4,000 truck annual capacity, the world's only plant assembling these three brands on a single production line.
• Zahid Industries Manufacturing Manufacturing company delivering customized solutions including generator sets, sound attenuated units, mobile power units, frac trailers, and VIP toilet portacabins with over 50,000 sqm of work areas. ISO 9001 certified since 1995. GAMI permit holder for defense sector manufacturing.
• Altaaqa Power Generation Services Leading total utility solutions provider executing turnkey projects in power generation, cooling, water, and renewables across Saudi Arabia through seven branches, with over 2GW mobile generator fleet serving mining, oil & gas, manufacturing, cement, and utilities sectors.
• Altaaqa Global International Energy Services Pioneering international energy services business providing cost-effective integrated power solutions, project consultancy, and flexible contractual arrangements including BOOT to diverse industry sectors globally.
• Altaaqa Renewables International renewable energy developer and independent power producer developing, financing, building and operating PV and wind farms across KSA, MENA, Europe, and Central Asia.
• Greencells Solar EPC Services European PV power plant provider offering full service spectrum from Project Development to EPC to O&M with over 2.2 GWp installed capacity and subsidiaries in Asia, Middle East, and US.
• SAFEER Solar Energy Leasing Joint venture between TotalEnergies and Altaaqa offering industrial and commercial solar solutions via lease model in Saudi Arabia and Bahrain, providing cost-effective, reliable solar energy solutions.
• MTD Arabia Water Infrastructure Solutions Joint venture delivering temporary water infrastructures including safe drinking water and wastewater treatment solutions from events to industrial markets across Saudi Arabia.
• OCS Arabia Facilities Management Total facilities management solutions provider benchmarked against international standards, offering more than 80 services across aviation, pharmaceuticals, healthcare, education, manufacturing, retail, utilities, and hospitality sectors in Saudi Arabia.
• Hospitality Ventures F&B Franchise Operations Exclusive franchisee of food & beverage brands including Casper & Gambini's, Bab Idris, Tarator, Silverspoon, Maui, Gather, and Chef's Market in Saudi Arabia, serving casual dining, catering, and franchise restaurant operations customers.
• AJIL Financial Services Shariah-compliant financial leasing company operating with SAR 500 million capital, licensed by Saudi Central Bank, providing financing solutions for commercial vehicles and capital assets.
• Saudi Total Petroleum Products Lubricants Manufactures and markets petroleum products including automotive, industrial, and marine lubricants under TOTAL brand at KAEC plant in Saudi Arabia.
• CORE Oil & Gas Equipment Solutions Focused on enhancing local manufacturing capabilities and providing locally assembled equipment serving the oil and gas sector, contributing to Vision 2030 localization goals.
• Arabian Homes Luxury Accommodation Luxury accommodation provider with over 2,000 properties across Jeddah, Riyadh, and Yanbu offering residential villages and developments for expatriate and corporate clients.
• Wared Logistics Services Comprehensive warehousing, transport, distribution and supply chain solutions provider covering Saudi Arabia with SFDA-compliant facilities for pharmaceutical and FMCG clients.
• Budget Saudi Car Rental Largest car rental company in Saudi Arabia with 29,000+ vehicles and 100+ rental offices across the Kingdom, serving individual and corporate customers.
• Zahid Travel Group Services Kingdom-wide travel agency offering GoZahid Destination Management, GoZahid Business Travel (exclusive Reed & Mackay representative in Saudi Arabia), and GoZahid services for corporate and leisure travelers.
• TAMGO Industrial Machinery Provides industrial machinery products and services in five categories: Power Solutions, Construction Machinery, Air Compressors, Portable Solutions, and Pumps. Operates as FG Wilson dealer across GCC and Kenya.
• ST Saudi Company for Site Technology Technology solutions provider for construction sites and facilities, authorized SITECH dealer for Trimble technology in Saudi Arabia, covering safety, security, tracking, network and data management solutions.
• Another In Kingdom Marketing Communications Marketing communications agency focusing on creativity, culture and technology to create emotional bonds between brands and consumers.
• OMAS Engineering Services Provides EPC and O&M services across sectors including turbines, power plants, desalination, water treatment, airports, seaports, and renewable plants. OHSAS 18001 certified.
• Advanced Armour Engineering (AAE) Specializes in design, engineering, and manufacturing of armored vehicle bodies for defense sector in Saudi Arabia.

Quantifiable outcome

• Top Employer certification for 4 consecutive years (2023, 2024, 2025, 2026)
• +4 more outcomes

Named customers9 records

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

19 partnerships are on record, tiered core and minor.

• Fast GroupcoreStrategic or Co-development Partner · 1 January 2026Fast Arabia joint venture launched by Altaaqa Alternative Solutions and Fast Group delivering world-class temporary and overlay structure solutions across Saudi Arabia, supporting major events, infrastructure projects, and Vision 2030 goals.
• Advanced Armour Engineering (AAE) & Advanced Wear Parts (AWP)coreStrategic or Co-development Partner · 1 January 2026ISM-AAE-AWP Joint Venture established in Saudi Arabia to localize manufacturing for commercial and defense sectors. Manufacturing buckets/attachments for construction machinery and armored bodies for defense industry.
• BarloworldcoreStrategic or Co-development Partner · 1 November 2025Zahid Group led consortium in strategic management buyout of Barloworld Limited (123-year-old South African industrial company), taking it private. Builds on previous minority shareholding. Aligns two long-standing Caterpillar dealers - Zahid Group (75+ years in Saudi Arabia) and Barloworld (96+ years in South Africa). Barloworld retains South African identity and operational independence.
• MTD GroupcoreStrategic or Co-development Partner · 1 January 2022Ministry of Investment of Saudi Arabia hosted signing ceremony between MTD Group (global leader in temporary and semi-permanent water solutions) and Zahid Group for creation of MTD Arabia joint venture.
• TotalEnergiescoreStrategic or Co-development Partner · 1 January 2021SAFEER joint venture between TotalEnergies and Altaaqa offers industrial and commercial clients solar energy via lease model. Goal is cost-effective, reliable solar energy solutions across Saudi Arabia and Bahrain. Leverages TotalEnergies' photovoltaic value chain access and Altaaqa's 20-year leadership in independent power generation.
• Greencells (Germany)coreStrategic or Co-development Partner · 1 January 2018OMAS acquired major shares in Greencells, German solar EPC & O&M company with projects in 25 countries totaling 1.3 GW. Greencells has grown to one of largest European PV power plant providers with 2.2 GWp installed capacity.
• CIMC (China)minorStrategic or Co-development Partner · 1 January 2016CIMC and Zahid Group established CIMC Vehicles (Bahrain) Factory W.L.L. joint venture focused on producing high quality reefers trailers and reefers boxes for GCC and regional markets, designed in USA.
• OCS Group (UK)coreStrategic or Co-development Partner · 1 January 2014OCS Arabia joint venture formed between Zahid Group and OCS Group International (UK-based, established TFM company providing 80 services in 50 countries with 9,000 employees). Provides best-in-class facilities management solutions in Saudi Arabia.
• Caterpillar Inc.coreStrategic or Co-development Partner60+ year partnership with Caterpillar (celebrated 75 years in 2025). Global Power Projects (GPP) agreement formed Altaaqa Global. Zahid Tractor is exclusive Caterpillar dealer in Saudi Arabia.
• Volvo Truck CorporationcoreStrategic or Co-development Partner30+ year partnership with Volvo Trucks. Joint venture AVI formed in 1998. Volvo, Renault, and UD Trucks assembled at KAEC facility.
• TotalEnergies (formerly Total)coreStrategic or Co-development Partner2007 partnership established Saudi Total Petroleum Products in KAEC to manufacture and market automotive, industrial, and marine lubricants. Zahid Group holds 30% stake in Total Maroc.
• Mitsubishi CorporationminorStrategic or Co-development PartnerAJIL Financial Services partnership with Mitsubishi, Mitsubishi UFJ Lease & Finance Co., and Riyad Bank for financial solutions.
• Stetter GmbH (Germany)minorStrategic or Co-development Partner2008 joint venture Stetter Arabia equally owned with Stetter GmbH, based in Jeddah. Concrete mixing equipment.
• AFC EnergycoreTechnology or IntegrationTamgo distributes AFC Energy 200kW hydrogen fuel cell system exclusively in Saudi Arabia and 16 regional markets. Powers FIA Extreme H World Cup in Qiddiya.
• Al-Yemni Motor CompanyminorStrategic or Co-development PartnerAJIL Financial Services partnership for automotive financing solutions.
• Construction Products Holding Company (CPC)minorStrategic or Co-development PartnerWared Logistics established as joint venture between Zahid Group and CPC providing third-party logistics solutions across MENA.
• Ant VenturescoreStrategic or Co-development PartnerHospitality Ventures is exclusive franchisee of Ant Ventures' F&B brands (Casper & Gambini's, Bab Idris, Tarator, Silverspoon). Ant Ventures based in Beirut with 25+ years success.
• Reed & MackaycoreChannel Partner/ Reseller/ DistributorGoZahid Business Travel is exclusive representative of Reed & Mackay in Saudi Arabia.
• FG WilsonminorChannel Partner/ Reseller/ DistributorTamgo acquired FG Wilson (Engineering) FZE completing dealership representation in all GCC countries and 3 more territories. FG Wilson power generation equipment.

Scale indicators21 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Abdul Latif Jameel: Saudi Arabia-based diversified family conglomerate with exclusive Toyota distribution, energy ( ALJ Energy ), and finance arms. Most direct comparable given similar size, exclusive OEM distribution moats, and multi-sector portfolio spanning mobility, energy, and financial services.
• Almutlaq Group: Saudi diversified conglomerate operating across heavy equipment, automotive (Volvo/Renault trucks in KSA), industrial services, and consumer goods. Closest direct competitor to Zahid Tractor in Saudi Caterpillar and truck distribution, with overlapping manufacturing and energy services exposure.
• Mohamed Abdulrahman Al-Bahar: Bahrain-headquartered Caterpillar dealer for the broader GCC (UAE, Oman, Qatar, Bahrain, Kuwait). Competes with Zahid in adjacent geographies for the same Caterpillar franchise, making it the most direct equipment-distribution peer at the brand-partner level.
• Al Ghurair Group: UAE diversified conglomerate spanning construction, real estate, manufacturing, food, and financial services. Comparable family-controlled Gulf conglomerate model with multi-decade exclusive brand partnerships and regional diversification beyond home market.
• Al Habtoor Group: UAE conglomerate with automotive, real estate, hospitality, and education holdings. Directly comparable to Zahid in operating a holding structure across mobility distribution, residential property, and F&B franchises in the Gulf.
• Nesma Holding: Saudi diversified conglomerate spanning construction, manufacturing, real estate, and trading. Comparable mid-tier Saudi industrial conglomerate with overlapping sectors in manufacturing, contracting, and property, competing for similar Vision 2030 opportunities.
• KIPCO Group: Kuwait-based diversified holding with insurance, media, manufacturing, and financial services subsidiaries. Comparable regional holding-company structure with similar mix of industrial operating companies and consumer-facing businesses across MENA.
• SEDCO Holding: Saudi family-owned diversified holding with businesses in real estate, healthcare, capital, and industrial sectors. Comparable Saudi private holding-company structure operating across both industrial and consumer verticals with multi-generational ownership.

Regional players

• Yusuf Bin Ahmed Kanoo Group: Bahrain/Saudi conglomerate with shipping, logistics, travel, machinery (Volvo CE dealer), and industrial gases. Comparable Gulf family conglomerate with overlapping equipment distribution and logistics; serves as a regional comparable with similar partnership-driven business model.

Others

• Shapoorji Pallonji Group: Large Indian family-owned diversified conglomerate spanning construction, engineering, real estate, and infrastructure. Thematically comparable as a family-controlled industrial conglomerate executing major international infrastructure projects, though operating in different geographies and end markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/zahidgroup
• YouTubeyoutube.com/@zahidgroup4320
• LinkedInlinkedin.com/company/zahid-group-saudi-arabia
• Instagraminstagram.com/zahidgroup

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries29 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Zahid Group