Abdullah Al Othaim Investment Company

What Abdullah Al Othaim Investment Company does

Abdullah Al Othaim Investment Company is a Saudi-closed limited liability company founded in 2005, headquartered in Ar Rawabi, Riyadh, that operates as a developer and operator of integrated lifestyle destinations combining retail, entertainment, hospitality, fashion, food and beverage, sports, and cinema. The company runs 12+ commercial complexes under the Al Othaim Mall brand across 9+ Saudi cities (Riyadh, Buraidah, Al Ahsa, Khurais, Unaizah, Arar, Hail, Hafar Al-Batin, Khafji) drawing 50 million annual visitors, and operates seven core subsidiaries: Al Othaim Mall, Al Othaim Entertainment (Al Othaim World), Al Othaim Fashion (Al Othaim Life), Al Othaim Food, Al Othaim Royal (Refah Hotels), Al Othaim Sport, and Noir Cinema. Internationally, the company has historical operations in UAE, Egypt, and Oman, with 27+ F&B venues, 229+ fashion stores, 35+ sports stores, and 49 cinema screens under roof.

The company's business model is transaction- and rental-based across owned malls and standalone venues, with revenue generated from tenant leasing, fashion retail, hospitality (5-star hotels), cinema ticket sales, F&B outlets, and entertainment attractions. Underlying technology is not proprietary; no AI/ML platforms, APIs, or software products are disclosed. The company announced a strategic partnership with Cisco Saudi Arabia (2023) for digital technology solutions, but no platform architecture is described. The customer base is broad and consumer-facing: families and individuals seeking integrated shopping, dining, entertainment, leisure, and hospitality experiences, plus B2B retail and F&B tenants leasing space in company-owned destinations.

The company is pursuing an aggressive expansion strategy, with 23+ integrated projects under development representing SAR 30+ billion in planned investment. Key projects include Al Othaim Konoz (Riyadh, SAR 7 billion), Al Othaim Park Dammam (SAR 2.34 billion, opening 2027), Al Othaim Circle Al Khobar (SAR 421 million, 2026), Al Othaim Train Al Ahsa (SAR 286 million, partnership with Saudi Arabia Railways), Othaim Park Hail (SAR 159 million), and Al Othaim Hills Taif. The company is family-owned (Chairman Abdullah bin Saleh Al Othaim), secured a SAR 3.06 billion Shariah-compliant credit facility from Saudi National Bank in March 2025, and submitted an IPO filing through Saudi Fransi Capital at the end of 2024. Revenue is not publicly disclosed.

Name

Abdullah Al Othaim Investment Company

Legal name

Abdullah Al Othaim Investment Company

Website

https://alothaiminvestment.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Abdullah Al Othaim Investment Company is a Saudi-based developer and operator of 12+ integrated lifestyle destinations spanning retail malls, entertainment, fashion, food and beverage, hospitality, sports, and cinema across Saudi Arabia, serving 50 million annual visitors through seven subsidiary brands and a SAR 15+ billion investment portfolio.

Ownership category

akta.pro rank

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Retail Mall Operations: Revenue generated from leasing retail space to tenants across shopping malls, including fashion, food and beverage, and general retail operators. Malls include Al Othaim Mall locations in Riyadh, Buraidah, Al Ahsa, Khurais, Unaizah, Arar, Hail, Hafar Al-Batin, Khafji, and others.
2. Entertainment Venues: Revenue from entertainment operations including action zones, snow cities, Faby Land, Xtreme Zone, and other entertainment attractions operated under the Al Othaim Entertainment brand.
3. Fashion Retail: Revenue from fashion retail operations including Al Othaim Fashion brand and branded fashion stores across mall locations.
4. Food and Beverage: Revenue from restaurant, cafe, and food court operations across mall properties.
5. Hospitality: Revenue from hotel operations under the Al Othaim Royal brand, including 5-star hotels and hospitality services.
6. Cinema Operations: Revenue from Noir Cinema operations across multiple locations in Saudi Arabia, including state-of-the-art theater experiences.
7. Real Estate Development: Revenue from development and sale/lease of mixed-use projects including residential units, commercial offices, and retail spaces within integrated destinations.
8. Sports Operations: Revenue from Othaim Sports retail operations and sports academies.

Go-to-market motion1 record

Distribution channels8 records

Marketing channels8 records

Core offering

Al Othaim Investment Company develops and operates integrated lifestyle destinations across Saudi Arabia, combining shopping malls, entertainment venues, hospitality, fashion retail, food and beverage, sports, and cinema under subsidiary brands such as Al Othaim Mall, Al Othaim World, Al Othaim Fashion, Al Othaim Food, Al Othaim Royal, Al Othaim Sport, and Noir Cinema. The company also executes large mixed-use real estate development projects, operates 12+ commercial complexes serving 50 million annual visitors, and manages a SAR 30+ billion development pipeline.

Product overview

Al Othaim Investment Company operates a diversified portfolio of retail, entertainment, hospitality, and lifestyle businesses across Saudi Arabia. The company functions as a holding/parent company for multiple subsidiary brands and projects. Core operations include: Al Othaim Mall (shopping centers — 12 complexes), Al Othaim Entertainment/Al Othaim World (entertainment venues), Al Othaim Fashion/Al Othaim Life (fashion retail), Al Othaim Food (food & beverage), Al Othaim Royal/Refah Hotels (hospitality), Al Othaim Sport (sports retail), and Noir Cinema (cinema chain). These brands operate across shopping malls and standalone locations throughout the Kingdom. The company is also executing an ambitious pipeline of mixed-use development projects including Al Othaim Park Dammam (SAR 2.34B), Al Othaim Circle Al Khobar (SAR 421M), Al Othaim Park Hail (SAR 159M), Al Othaim Train Al Ahsa (SAR 286M), Al Othaim Park Jubail, Al Othaim Heart Buraidah, Al Othaim Hills Taif, and Al Othaim Cruise Hail — collectively representing SAR 30+ billion in planned investment. The company serves 50 million+ annual visitors and employs thousands across its network.

Differentiator

Problem solved

Functional benefit

Brands

• Al Othaim Mall: World-class shopping malls offering fashion, dining, and entertainment experiences
• Al Othaim Entertainment / Al Othaim World
• Al Othaim Fashion
• Al Othaim Food
• Al Othaim Royal
• Al Othaim Sport
• Noir Cinema
• Al Othaim Park
• Al Othaim Circle
• Al Othaim Hills
• Othaim Cruise
• Othaim Train
• Al Othaim Konoz

Products and services

• Al Othaim Mall World-class shopping destinations offering fashion, dining, and entertainment experiences. AOIC operates 12 commercial complexes under the Al Othaim Mall brand across Saudi Arabia, hosting 50 million visitors annually.
• Al Othaim Entertainment (Al Othaim World) Premier entertainment brand offering innovative attractions, immersive experiences, and thrilling adventures for all ages, including Action Zone, Faby Land, Xtreme Zone, and Snow City across the MENA region.
• Al Othaim Fashion (Al Othaim Life) Fashion brand offering premium clothing and accessories from international and local brands including OVS Kids, Tally Weijl, Kiabi, Parfois, Orchestra, and OVS Family, operating 229+ fashion stores across the Kingdom.
• Al Othaim Food Food and beverage brand delivering diverse dining experiences across shopping malls, managing 27+ food and beverage venues including international chains and homegrown concepts.
• Al Othaim Royal (Refah Hotels) Luxury hospitality brand offering accommodations and personalized services at international-standard hotels, including 50+ rooms, 100+ suites, 130+ facilities, and 266+ staff providing premium hospitality experiences.
• Al Othaim Sport Sports brand offering athletic gear, apparel, equipment, and fitness solutions, operating 35+ stores with 138+ staff serving professional athletes and fitness enthusiasts.
• Noir Cinema State-of-the-art cinema brand with 49 screens across 14 locations featuring 14 auditoriums, equipped with latest sound and visual technologies, luxurious seating, gourmet concessions, and world-class comfort.
• Al Othaim Park Dammam Large-scale mixed-use development on King Fahd Road Dammam, comprising a regional shopping mall, 950-unit residential community, 180-key hotel with 70 serviced apartments, 23,000 sqm office space, conference hall, entertainment attractions, and parking for approximately 5,000 vehicles. Total investment SAR 2.34 billion. Projected opening 2027.
• Al Othaim Circle Al Khobar Open commercial complex development in Al Khobar featuring 43,900 sqm retail mall and 24,300 sqm modern office spaces, with investment exceeding SAR 421 million. Phased opening 2026.
• Othaim Park Hail Retail and hospitality destination in Hail featuring 23,000 sqm shopping center, 120-room hotel, 13 hotel apartments, and 773 parking spaces. SAR 159 million investment.
• Al Othaim Train Al Ahsa Mixed-use destination integrated with Saudi Arabia Railways station in Al Ahsa, featuring 24,500 sqm retail mall and hotel with 120 rooms and 13 serviced apartments. SAR 286 million investment.
• Al Othaim Hills Taif Tourism and family entertainment destination in Taif spanning 250,000+ sqm, featuring gardens, walking trails, Al Othaim Land games area, Kids Park, Inflatable Park, Speed Zone, Mountain Adventure, Zoo, Garden of Lights, Planet Meta VR zone, Social Gaming Park, dining district, luxury hotel, cinema, and retail. Opening in successive phases.
• Al Othaim Cruise Hail Multi-use project in Hail with 77,000 sqm total area, including 118,000 sqm commercial mall, 5-star hotel (120 rooms, 156 hotel apartments), 4,000+ sqm office spaces, 276 residential units, 16 luxurious palaces, water games area, restaurants, cafes, and green spaces.

Quantifiable outcome

• 50 million annual visitors across 12+ commercial complexes
• +4 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

Twelve partnerships are on record, tiered core, flagship and minor.

• MJS InvestmentscoreStrategic or Co-development Partner · 18 March 2026Strategic MoU with MJS Investments to expand restaurant and cafe offerings across Al Othaim's projects in Saudi Arabia. Under the agreement, MJS Investments will explore opportunities to launch and manage selected restaurant concepts while Al Othaim provides strategic locations and integrated equipment. MJS is one of the fastest growing restaurant development companies in Saudi Arabia, specializing in bringing international and local restaurant concepts to the Kingdom.
• EVIQ (Electric Vehicle Infrastructure Company)coreStrategic or Co-development Partner · 19 November 2025Partnership with EVIQ, a joint venture between the Public Investment Fund (PIF) and Saudi Electricity Company (SEC), to install EV charging stations across Al Othaim's portfolio of 11 malls in 10 cities across Saudi Arabia. The collaboration aims to advance Kingdom's transition toward sustainable mobility and aligns with Vision 2030 and national ESG priorities. EVIQ will conduct comprehensive assessment to identify optimal locations for EV charging infrastructure.
• HELIOPARKcoreStrategic or Co-development Partner · 17 November 2025Agreement with HELIOPARK to redesign Al Othaim Mall Al-Rabwa parking facilities by integrating solar carports, EV charging stations, and smart mobility solutions. HELIOPARK is a regional innovator in solar-powered parking, EV charging, and smart mobility infrastructure. This partnership enhances customer convenience, elevates sustainability performance, and supports Kingdom's transition toward greener future.
• Taif MunicipalitycoreStrategic or Co-development Partner · 14 July 2025Investment contract between Taif Municipality and Al Othaim Investment Company to develop King Fahd Park. The Minister of Municipal and Rural Affairs and Housing witnessed the signing. Project covers 250,000 sqm with amusement park, tourist hotel, and service facilities. First phase expected to open within one year.
• Royal Commission for Jubail and YanbucoreStrategic or Co-development Partner · 30 April 2024Investment agreement between Royal Commission for Jubail and Yanbu and Al-Othaim Investment Company to establish an integrated commercial project on Yanbu Industrial Waterfront worth SAR 400 million. The project includes commercial mall, international hotel, entertainment spaces, restaurants, cafes, cinemas, and green spaces on a 200,000 sqm site.
• Cenomi RetailcoreTechnology or Integration · 1 January 2023Agreement to purchase 100% of shares of Innovative Outfit Trading Company, affiliated with Cenomi Retail, enabling acquisition of franchise rights for 18 brands active in fashion and beauty.
• Saudi Arabia Railways (SAR)coreStrategic or Co-development PartnerStrategic partnership with Saudi Arabia Railways (SAR) to develop Al Othaim Train - Al Ahsa project, an integrated mixed-use destination adjacent to SAR's railway station. The SAR 286 million project brings together retail, hospitality, and services within a comprehensive experience. This partnership maximizes value of strategic locations connected to Kingdom's national rail infrastructure.
• Cisco Saudi ArabiaflagshipTechnology or IntegrationStrategic partnership with Cisco Saudi Arabia Limited to implement latest digital technology solutions and applications, to be implemented for the first time in the Middle East. This partnership was signed in 2023 as part of company's digital transformation strategy.
• National Housing CompanyminorStrategic or Co-development PartnerSigning of memorandum of understanding with National Housing Company to enhance future cooperation in the field of real estate investment. Signed in 2023.
• Ministry of Education (Saudi Arabia)minorStrategic or Co-development PartnerMoU between Ministry of Education and Al-Othaim Investment Company to enhance cooperation in supporting educational programs and initiatives. Signed in presence of Minister of Education and company Chairman. The partnership involves spreading educational messages through company's commercial complexes and entertainment venues, with possibility of utilizing Othaim Training Academy.
• Quality of Life ProgramminorStrategic or Co-development PartnerMemorandum of cooperation with Quality of Life program under patronage of Minister of Municipal and Rural Affairs and Housing to enhance private sector's contribution to achieving Kingdom's Vision 2030. Signed in 2023.
• Eastern Province Municipality / Amyal Waterfront LimitedminorStrategic or Co-development PartnerModel cooperation agreement between Amyal Waterfront Limited Company (an Al Othaim Investment Group company) and Eastern Province Municipality to establish a qualitative project on Al Khobar waterfront.

Scale indicators17 records

Recent moves12 records

Expansion highlights7 records

Direct peers

• Aldar Properties: Abu Dhabi-based mixed-use real estate developer with significant mall and integrated destination operations (Yas Mall, Al Jimi Mall). Comparable in mixed-use development scale and regional positioning, though more residential and commercial-office weighted.
• Majid Al Futtaim Holding: The leading Middle East mall operator and integrated lifestyle destination developer (Mall of the Emirates, City Centre malls, VOX Cinemas, Magic Planet entertainment). Closely comparable operating model to Al Othaim with mall + entertainment + cinema + F&B under one umbrella, though larger and UAE-anchored.
• Emaar Properties (Emaar Malls): Dubai-based developer/operator of mega-malls (Dubai Mall, Marina Mall) integrated with hospitality, entertainment, and residential. Closest large-scale mall operator competitor in the GCC with comparable integrated destination model.
• Cenomi Centers: Saudi Arabia's largest retail REIT operating shopping centers across the Kingdom. Direct peer in operating shopping mall real estate, with overlapping tenant base and exposure to Saudi consumer spending.
• Fawaz Alhokair Group: Saudi fashion and lifestyle retail conglomerate operating 1,800+ stores across MENA with significant mall-anchored retail and entertainment concepts. Direct peer for the Al Othaim Fashion and entertainment venue segments in Saudi Arabia.

Broad incumbents

• Kingdom Holding Company: Large Saudi conglomerate with significant real estate, hospitality, and entertainment holdings (including Kingdom Centre, Four Seasons hotels). Broad incumbent with overlapping retail real estate and luxury lifestyle positioning.

Regional players

• ROSHN Group: PIF-backed Saudi residential real estate developer building integrated master-planned communities. Comparable Vision 2030-aligned Saudi real estate scaling, but focused on residential rather than retail/entertainment destinations.
• Dar Al Arkan Real Estate Development: Saudi Arabia's largest listed real estate developer focused on mixed-use residential and commercial projects. Comparable in Saudi footprint and Vision 2030 exposure, though more weighted toward residential than retail/entertainment destinations.

Others

• MBC Group: Saudi media and entertainment conglomerate expanding into Saudi entertainment, theme parks, and lifestyle businesses. Adjacent comparator for Saudi entertainment sector growth under Vision 2030, with overlapping cinema and experiential entertainment ambition.

Emerging players

• Saudi Entertainment Ventures (SEVEN) / MISA: PIF-backed entertainment destinations operator rolling out integrated entertainment and lifestyle hubs across Saudi Arabia. Emerging direct competitor to Al Othaim's entertainment and integrated destination business with significant capital backing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/alothaiminv
• YouTubeyoutube.com/@AlOthaimInvestmentCo
• Facebookfacebook.com/AlOthaiminv
• Instagraminstagram.com/alothaiminv
• LinkedInlinkedin.com/company/abdullah-al-othaim-investment

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries12 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 Abdullah Al Othaim Investment Company