What Saeed Raddad Group does

Saeed Raddad Group (مجموعة سعيد رداد) is a privately held, family-owned Saudi diversified investment holding company founded in 1984 and headquartered in Dammam, Eastern Province. The group operates more than 20 subsidiary companies across nine business sectors: energy (oilfield services via NAPESCO and ORECO, plus environmental and waste management), manufacturing (National Care cleaning products, Sari pre-cast concrete, Al Razi pharmaceuticals, TST traffic-signal equipment), engineering and construction (SRACO Construction, Category-A Aramco/Royal Commission accredited), facilities management (SRACO FM, founded 1979, ISO 41001 certified), human resources and security (SRACO HR, Falcons Security), medical and pharmaceutical (Al Razi, Medical Expert Company), travel and hospitality (Global Travel Solutions, Takya Bahr venue), real estate (Asma Real Estate, founded 2021), and ICT (SRACO ICT, covering cybersecurity, AI automation, smart-city solutions). The group reports 45,000 employees, 1,800+ completed projects, and 1,000+ success partners, with anchor clients including Saudi Aramco (16 ten-year community maintenance contracts), SABIC, the Royal Commission in Jubail and Yanbu, Saudi Arabian Airlines, the Ministry of Economy and Planning, and King Salman Energy City (SPARK).

Revenue is generated primarily through B2B and B2G contracts under quote-based pricing, with revenue streams spanning professional services (energy field services, FM, engineering, ICT consulting, HR), hardware and product sales (cleaning products, concrete, pharma, traffic-signal equipment), and managed services (long-term facility operations). The go-to-market motion combines direct enterprise and government field sales anchored in Dammam, event-driven demand generation (LEAP, SABIC Technical Conference, iktva Forum, FutureScape Global, Big 5 Saudi, Future Hospitality Summit), and strategic channel partnerships (SECC Singapore, Jadwa Investment, European tech firms, Hikvision, Swarco, SAP). Underlying technology includes AI-driven RPA for government procurement (Etimad platform), cybersecurity maturity assessment, world-first McCoy Hydraulic CRT tank-cleaning technology, AI-enabled smart-city and traffic-signal systems, and an extensive ISO-certified operating stack across quality, environmental, occupational health and safety, energy, asset, and facilities management standards.

The group's expansion strategy is explicitly aligned with Saudi Vision 2030 economic diversification: localization of oilfield services via the USD 100 million SPARK manufacturing facility, international technology acquisition (ORECO, Denmark), entry into real estate and tourism verticals via new subsidiaries and partnerships, and active build-out of an ICT and AI capability stack through SRACO ICT to capture government digitization spend. Ownership remains with the founding Raddad family, led by Chairman Radad bin Saeed Al Zahrani, with no public listing, institutional outside investors, or disclosed financial statements identified in the source material.

Name

Saeed Raddad Group

Legal name

Saeed Raddad Group

Website

https://srg.com.sa

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Saeed Raddad Group is a privately held Saudi diversified investment holding company founded in 1984 in Dammam, operating 20+ subsidiaries across nine sectors (energy, manufacturing, engineering, facilities management, ICT, pharma, HR, travel, real estate) with 45,000 employees serving government and enterprise clients led by Saudi Aramco.

Ownership category

akta.pro rank

Headquarters

HQ city

Dammam

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, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Energy Sector Services: Oil and gas field services, drilling equipment manufacturing, pipeline maintenance, environmental solutions, and waste management through subsidiaries including Napesco, Manifa, and ORECO.
2. Manufacturing: Manufacturing of consumer, industrial, and veterinary products including cleaning supplies (National Care), concrete structures (Sari), and pharmaceutical products (Al Razi). Products distributed domestically and internationally.
3. Facilities Management: Integrated facilities management services including operation, maintenance, cleaning, and hospitality services through SRACO Facilities Management (established 1979).
4. Engineering and Construction: Class A contracting services for public and corporate sector projects, certified by Saudi Aramco and Royal Commissions. Services include design, project management, and construction.
5. ICT Solutions: Comprehensive ICT services including communications design and management, cybersecurity, AI automation, digital transformation, and smart city solutions through SRACO ICT.
6. Travel and Hospitality: Travel agency services for corporate and individual customers, holiday packages, established since 1998 through Global Travel Solutions (GTS).
7. Medical and Pharmaceutical: Pharmaceutical manufacturing and distribution (Al Razi), medical equipment and supplies distribution (Al Khabir Medical), serving healthcare sector.
8. Human Resources Services: Manpower supply, consulting services, and security guarding services supporting local, commercial, and industrial sectors in Saudi Arabia.
9. Real Estate Development: Design and development of modern residential communities through Asma Real Estate (established 2021), focusing on unique design, quality construction, and on-time delivery.

Go-to-market motion4 records

Distribution channels4 records

Marketing channels10 records

Core offering

Saeed Raddad Group is a diversified Saudi investment holding company operating across nine business sectors—energy, manufacturing, engineering, facilities management, human resources, medical and pharmaceutical, travel and hospitality, real estate, and ICT—through more than 20 wholly-owned subsidiary companies. It delivers integrated services and products including oilfield services, Class-A construction contracting, integrated facilities management, ICT and cybersecurity solutions, pharmaceutical manufacturing, cleaning products, traffic signal equipment, concrete structures, and corporate travel services to government entities and large enterprises in Saudi Arabia and the GCC.

Product overview

Saeed Raddad Group is a diversified Saudi investment holding group headquartered in Dammam, operating approximately 20+ subsidiary companies across 9 business sectors. The portfolio is organized as a platform-plus-modules architecture: the holding group provides investment strategy and governance across sectors, while subsidiary companies operate as distinct branded businesses. The core subsidiaries include SRACO (facilities management, construction, ICT, consulting, human resources, and industrial services), Saudi Napesco (oilfield services), Manifa/SRACO Industrial (environmental/waste management), Al Razi Pharma (pharmaceuticals), National Care/Sidco (cleaning products), Oreco (Danish tank cleaning technology), Global Travel Solutions (travel agency), Asma Real Estate, TST Factory (traffic signals), Sari Factory (concrete), Falcons Security, and Medical Expert Company. The Group's investment thesis aligns with Saudi Vision 2030, emphasizing local content, digital transformation, and economic diversification.

Differentiator

Problem solved

Functional benefit

Brands

• Takya Bahr (تكية بحر): A hospitality and entertainment venue under Global Travel Solutions, recording a record 2,000 visitors during its 2024 year-end celebration.

Products and services

• SRACO Facility Management (سراكو لإدارة المرافق) Comprehensive facility management services including operation, maintenance, cleaning, hospitality, and sustainability services for government ministries, municipalities, universities, and large commercial clients in Saudi Arabia.
• SRACO Construction (سراكو للإنشاءات) Class-A construction contracting services for buildings and infrastructure, holding Saudi Aramco and Royal Commission accreditations for public and corporate sector projects.
• SRACO ICT (سراكو للاتصالات وتقنية المعلومات) ICT solutions including design and management of telecommunications, cybersecurity, AI and ML automation, smart city technologies, digital transformation, and FinTech solutions for government and enterprise clients.
• SRACO Industrial (سراكو الصناعية) — formerly Menifa Environmental services, waste management, pipeline maintenance, testing and inspection, and tank cleaning services for the oil, gas, and petrochemical industries using advanced technologies and international partners.
• Napesco Saudi Arabia (نابسكو السعودية) Oilfield services and specialized equipment for the oil and gas industry in Saudi Arabia, with a highly skilled team delivering specialized services and products to major clients including Aramco.
• National Care Company (شركة العناية الوطنية) Manufactures and distributes high-quality liquid detergents, cleaning powders, and aerosols for consumer, industrial, healthcare, and veterinary sectors, licensed by Saudi FDA with global distribution across GCC and 10+ countries.
• Al Razi Pharmaceutical Industries (الرازي للصناعات الدوائية) Pharmaceutical manufacturing and distribution in compliance with Saudi FDA standards, developing local Saudi pharmaceutical talent and products.
• Medical Expert Company (شركة الخبير الطبي) Supplies high-quality medical equipment and accessories to healthcare providers in Saudi Arabia.
• Global Travel Solutions (حلول السفر العالمية - GTS) Travel agency services for corporate and individual customers, covering flight bookings, holiday packages, and comprehensive travel management. IATA-certified.
• Asma Real Estate (أمسى العقارية) Design and development of modern residential communities in Saudi Arabia, focusing on unique design, construction quality, and on-time delivery.
• TST Traffic Signal Technology Factory (مصنع تكنولوجيا الإشارات المرورية) Manufactures traffic signal equipment including traffic lights, control devices, road signs, sensor cameras, barriers, parking systems, and AI-enabled road safety systems, plus consulting for street management.
• Sari Ready-Mix Concrete Factory (مصنع ساري للخرسانة الجاهزة) Design, manufacturing, and installation of concrete structures including hollow-core slabs, columns, beams, planks, and external aluminum cladding for the construction sector.
• Falcons Security (شركة الصقور للحراسات الأمنية) Professional security guard services with trained teams, on-site supervision 24/7, plus consulting and security training programs for commercial and industrial clients.
• SRACO Human Resources (سراكو للموارد البشرية) Manpower supply and supplementary workforce provision across industrial, commercial, and domestic labor sectors in Saudi Arabia. Holds SMP supply contracts with Saudi Aramco.
• Oreco (أوريكو) Danish technology company specializing in design and manufacturing of automated cleaning equipment for petroleum and petrochemical tanks, and oxygen and nitrogen gas production equipment.

Quantifiable outcome

• 45 years of operational excellence with 1,800+ completed projects
• +4 more outcomes

Named customers8 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature5 records

Partnerships

Eight partnerships are on record, tiered major and core.

• HikvisionmajorTechnology or Integration · 1 February 2025Strategic technology partnership. SRACO ICT ranked among top 5 golden partners in Eastern Region and received AI quality implementation shield for Tanajip airport project. Recognition at Le Meridien Hotel Al Khobar ceremony.
• Jadwa InvestmentcoreStrategic or Co-development Partner · 14 September 2023Future cooperation and partnership agreement for real estate development. Aimed at developing and enhancing SRG's real estate portfolio with quality and sustainable assets that add value, aligned with Vision 2030 goals.
• European Technology CompaniesmajorTechnology or Integration · 2 August 2023Partnership agreements covering cybersecurity, data science and ML/AI, software testing and QA, web and mobile app development, education and training, and FinTech solutions. Multiple strategic partnerships with leading European IT companies.
• ORECO (Denmark)coreStrategic or Co-development Partner · 25 June 2023Full acquisition of Danish company ORECO, specialized in designing and manufacturing automated cleaning equipment for petroleum and petrochemical tanks, and oxygen and nitrogen gas production equipment for over 60 years.
• Singapore Engineering and Construction Group (SECC)coreStrategic or Co-development Partner · 11 May 2023Strategic partnership for cooperation in tourism and hospitality sector projects in Saudi Arabia, aligned with Vision 2030. Signed at Future Hospitality Summit in Riyadh with SECC Group President Mr. Zouwei Chi and SRG Engineering Sector CEO Eng. Abdullah Al-Zahrani.
• SwarcomajorTechnology or Integration · 23 January 2022MoU for updating traffic signal control systems at Royal Commission in Jubail. Swarco is a leading company in NEMA traffic signal control systems. MoU enables new services and products in traffic signals sector supporting factory expansion in local market.
• SPARK (King Salman Energy City)coreStrategic or Co-development PartnerUSD 100 million investment agreement for building oil drilling equipment manufacturing facility and maintenance services. Part of energy value chain integration for SPARK.
• Royal Commission (Jubail and Yanbu)coreChannel Partner/ Reseller/ DistributorTraffic signal maintenance and operation project for 200 intersections in Riyadh under Royal Commission. Beginning of broader cooperation for traffic intersections across Royal Commission cities.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Rawabi Holding: Saudi diversified industrial holding group headquartered in Eastern Province operating across energy services, facilities management, manufacturing, and industrial parks — overlapping sector breadth with SRG and competing for the same Aramco, SABIC, and Royal Commission contracts.
• Aldrees Petroleum and Transport Services: Saudi-listed petroleum services and logistics conglomerate with a similar multi-sector Saudi footprint tied to Aramco and government clients; directly comparable in energy-side services, manpower, and B2B/B2G contract model.
• Mohammad Al-Mojil Group (Mojil): Saudi diversified services and industrial group serving oil & gas, construction, facilities management, and trading — similar Eastern Province operating base, customer overlap with Aramco, and holding-company structure.
• Al Rajhi Trading and Industrial Investment: Saudi diversified industrial holding operating in construction, manufacturing, and services with deep public-sector relationships — analogous KSA-domiciled holding model competing for similar mega-project contracts.
• Zahid Group: Saudi diversified conglomerate with operations in energy, logistics, construction, hospitality, and manufacturing — similar Vision 2030-aligned multi-sector strategy and government/enterprise customer base in Saudi Arabia.
• Nesma Holding: Saudi diversified holding company with operating companies in construction, manufacturing, real estate, and services across Saudi Arabia — comparable multi-subsidiary structure serving government and industrial clients.
• Al-Mabani Holding Group: Saudi holding group focused on general contracting, facilities management, and real estate development — direct overlap with SRG's SRACO Construction, SRACO FM, and Asma Real Estate operations in Saudi municipal and industrial-city markets.

Regional players

• Alghanim Industries: Large Kuwaiti diversified family-owned conglomerate spanning manufacturing, services, retail, and engineering — comparable holding-group architecture, scale, and GCC government-client exposure, though operating from Kuwait rather than KSA.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/SRGKSA
• Facebookfacebook.com/saeedraddadgroup
• LinkedInlinkedin.com/company/srgksa

Compliance40 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about Saeed Raddad Group