MULTI BUSINESS Group

What MULTI BUSINESS Group does

MULTI BUSINESS Group (شركة مجموعة الأعمال المتعددة للمشاريع / Multi Business Group Co. for Projects) is a Saudi closed joint stock company headquartered in Riyadh, founded in 2009 and listed on the Tadawul Nomu parallel market (ticker: 9619). The company operates two core business lines: (1) Building Contracting Services, providing design-and-build contracting for architectural finishes, interior decoration, and electrical and mechanical engineering for government, semi-government, and private sector buildings; and (2) Building Materials Retail, supplying construction materials, electrical, plumbing, and finishing products through direct sales. Its go-to-market is predominantly direct contracting via tender participation with public and private clients, supplemented by retail sales of building materials to SMB and consumer buyers.

The company holds a Level 1 classification as a city service provider (the highest tier for Saudi municipal contractors) and reports SAR 500 million in cumulative implemented project value across 16 years of operating history. It carries a registered capital of SAR 15 million divided into 15 million fully paid ordinary shares, and operates with 51–100 employees. The 2023 topline revenue was SAR 124.83 million. In December 2024, the company signed a contract with Leejam Sports Co. (exceeding 10% of 2023 revenue) to design and build a sports club in King Abdullah Financial District; this contract was terminated by Leejam in June 2026 citing failure to obtain required design approvals. In April 2026, the company received a SAR ~15 million financing facility from Emirates NBD. No proprietary technology platform, software product, or AI/ML capabilities are disclosed.

The business model combines project-based one-time contracting revenue (negotiated per project) with transaction-based retail revenue from building materials sales. Customers are segmented horizontally across government, semi-government, and private sectors, with government as the primary segment. The company maintains a four-member Board of Directors and a single-country (Saudi Arabia) operating footprint.

Name

MULTI BUSINESS Group

Legal name

شركة مجموعة الأعمال المتعددة للمشاريع (Multi Business Group Co. for Projects)

Website

https://mbg.sa

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

51–100 employees

Short description

Multi Business Group is a Riyadh-based Saudi fit-out contractor and building materials retailer providing design-build architectural finishing, interior decoration, and electrical/mechanical engineering services to government, semi-government, and private sector clients, holding a Level 1 contractor classification.

Ownership category

akta.pro rank

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Construction Contracting Services: Design and build contracting services for architectural finishes, interior decoration, and electrical/mechanical engineering for buildings. Revenue is generated through project-based contracts with government, semi-government, and private sector clients.
2. Building Materials Retail: Retail sales of building materials, electricity, plumbing, and finishing products. Revenue is generated through direct sales to customers purchasing materials for construction and finishing projects.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

Multi Business Group provides design and build contracting services for architectural finishes, interior decoration, and electrical and mechanical engineering for government, semi-government, and private sector buildings in Saudi Arabia. The company also operates a building materials retail business selling construction materials, electrical, plumbing, and finishing products directly to customers. The firm holds a Level 1 classification as a city service provider and reports SAR 500 million in implemented projects across 16 years of operation.

Product overview

Multi Business Group offers two core business lines: Building Contracting Services providing design and construction for architectural finishes, interior decoration, and electrical/mechanical engineering for buildings; and Building Materials retail services supplying construction materials, electrical, plumbing, and finishing products. The company operates as a Grade 1 classified contractor in Saudi Arabia with 16 years of professional experience and SAR 500 million in executed projects.

Differentiator

Problem solved

Functional benefit

Products and services

• Building Contracting Services (مقاولات المباني)

Quantifiable outcome

• SAR 500 million in project value implemented
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Leejam Sports Co.minorOthers · 1 December 2024Multi Business Group had a contract with Leejam Sports Co. to design and build a sports club in the King Abdullah Financial District. The contract was signed in December 2024 but was subsequently terminated via a termination notice from Leejam. The cancellation was attributed to failure to obtain required design approvals. The company is reviewing the notice and reserving all its rights.

Scale indicators5 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• Al-Bawani Co. Saudi Arabia-based general construction and fit-out contractor serving government, commercial, and industrial clients. Comparable as a domestic Saudi building contractor competing for similar architectural finishes, interior, and MEP packages on government and private tenders.
• El Seif Engineering Contracting Co. One of Saudi Arabia's largest construction contractors with significant interior fit-out and finishing work for government, healthcare, and commercial projects. Comparable in service offering and primary customer base (Saudi public sector fit-out contracting).
• Drake & Scull International: GCC-headquartered MEP and construction services firm with significant interior fit-out, electrical, and mechanical contracting capabilities. Comparable in offering the combined design-build plus MEP scope that Multi Business Group delivers across the region.
• Rawabi Holding: Saudi-based industrial and construction services group with building contracting, building materials, and workforce solutions. Comparable vertical structure combining contracting with building materials supply under one Saudi corporate umbrella.
• Al Ayuni Investment & Contracting Co. Saudi construction contractor specializing in building construction and finishing for government and private clients. Directly comparable in delivering design-build and architectural finishing services within the Saudi market.

Broad incumbents

• Dar Al Arkan Real Estate Development: Major Saudi real estate developer that frequently procures fit-out, finishing, and building materials for its residential and commercial projects. Comparable as a domestic Saudi counterparty in the architectural finishes and building materials supply chain, though operating primarily as a developer rather than contractor.
• Al Habtoor Group: UAE-based diversified conglomerate with a major construction and fit-out division serving hospitality, commercial, and government clients across the Gulf. Comparable in providing architectural finishes and interior contracting services to premium regional clients.
• Saudi Binladin Group: One of Saudi Arabia's largest construction conglomerates executing mega-projects across the Kingdom. Comparable as a Saudi general contractor competing for government and large commercial tenders, though with substantially broader scope and scale.
• Arabian Construction Co. (ACC): Regional (Middle East/North Africa) construction contractor active in high-end fit-out and finishing for hospitality, commercial, and government projects. Comparable in architectural finishing and interior decoration scope across the broader GCC market.

Regional players

• Galfar Engineering & Contracting: Oman-headquartered EPC and construction contractor with regional operations in construction, MEP, and infrastructure. Comparable in the MEP and building contracting scope but operating primarily in a different GCC geography.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/MBGSaudi
• Facebookfacebook.com/MBGSaudi

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors1 record

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 MULTI BUSINESS Group