Fitaihi

What Fitaihi does

Fitaihi Holding Group is a publicly listed Saudi joint-stock company (Tadawul: 4180) headquartered in Jeddah, operating as a diversified investment holding group with roots tracing to 1907. The group operates four principal business verticals: retail of luxury goods (gold, jewelry, watches, gifts, crystal, silverware, antiques, chinaware, men's, women's, and children's wear) under the Fitaihi, Baby Fitaihi, M. Fitaihi, Tatto Tatti, and Le Panache brands; healthcare through a 20% stake in International Medical Center (IMC); industrial investment through an 11.13% stake in Oriental Weavers Carpet Co., one of the world's largest machine-made carpet manufacturers; and real estate through owned lands, service buildings, and flagship properties.

The company's revenue model is anchored in retail sales of luxury goods through flagship stores, boutiques, department stores and malls, supplemented by corporate sales (catering and corporate gifts), online selling concepts ('We Deliver Your Gift'), and equity-method income from minority stakes in IMC and Oriental Weavers. The go-to-market is sales-led with horizontal segmentation targeting affluent Saudi consumers seeking internationally recognized luxury brands. The group pursues geographic and channel expansion as a stated strategic thrust, including M&A activity, with governance overseen by an 8-member board led by founder Sheikh Ahmed Hassan Fitaihi as Chairman and Yasser Yehia Abdelhamid as CEO.

FY2025 revenue stood at 58.8 million SAR (down 13.48% year-over-year) with net profit attributable to shareholders of 4.0 million SAR (down 72.13% year-over-year), reflecting pressure on the core retail business despite continued investment in IMC's 168 million SAR Mecca medical complex opened in March 2025. The company maintains a quarterly dividend program and has received the Saudi Corporate Governance Excellence Award for six consecutive years.

Name

Fitaihi

Legal name

Fitaihi Holding Group

Website

https://fitaihi.com.sa

Company type

Public

Founded year

1907

Operating status

Operating

Headcount range

251–500 employees

Short description

Fitaihi Holding Group is a publicly listed Saudi holding company (Tadawul: 4180) operating luxury retail brands alongside minority equity stakes in healthcare (International Medical Center, 20%) and industrial manufacturing (Oriental Weavers, 11.13%), serving affluent Saudi consumers and indirect international markets.

Ownership category

akta.pro rank

Product category

Luxury Jewelry and Accessories Retail

NAICS

Clothing, Clothing Accessories, Shoe, and Jewelry Retailers (458)

SIC

Retail-Family Clothing Stores (5651), Retail-Apparel & Accessory Stores (5600)

akta.pro primary industry

Mass-Market & Lifestyle Apparel Brands (CRAAAAAA)

Keywords

• Luxury jewelry retail
• Gold and diamonds
• Watches and accessories
• Corporate gifting
• Saudi retail group

Headquarters

HQ city

Jedda

HQ country

Saudi Arabia

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Retail Sales: The primary retail business selling gold, jewelry, luxury items including gifts, crystal, silverware, antiques, chinaware, men's wear, women's and children's wear, and textiles under brand names Fitaihi, Baby Fitaihi, M. Fitaihi, Tatto Tatti, and Le Panache.
2. Healthcare Investments: Investment through stake in International Medical Center (IMC), a private hospital in Jeddah. IMC opened a new general medical complex in Mecca in 2025 with investment of 168 million SAR.
3. Industrial Investments: Investment in Oriental Weavers Carpet Co. (approximately 11.13% stake), one of the world's largest manufacturers of machine-made carpets, with production capacity of 150 million square meters across 8 plants in Egypt, USA, and China.
4. Real Estate: Investment in owned lands, service buildings, and flagship properties.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Fitaihi Holding Group is a Saudi publicly listed holding company that operates a multi-brand retail portfolio in luxury goods — including jewelry, gold, diamonds, watches, perfumes, leather accessories, and eyewear — through its flagship Fitaihi brand and sub-brands Baby Fitaihi, M. Fitaihi, Tatto Tatti, and Le Panache, supported by in-house manufacturing and corporate gifting services. In parallel, it generates investment income through minority equity stakes in healthcare, industrial, and real-estate companies.

Product overview

Fitaihi Holding Group is a diversified Saudi investment holding company operating through multiple business segments. The retail sector is its primary focus, centered on the Fitaihi brand portfolio including Fitaihi (luxury jewelry and premium goods), Baby Fitaihi (children's products), M. Fitaihi (men's wear), Tatto Tatti (watches/accessories), and Le Panache (fashion). The Group also holds significant investments in healthcare through the International Medical Center and in industrial sectors through stakes in Oriental Weavers carpet manufacturing company. Real estate holdings include lands, service buildings, and flagship locations. The company was founded in 1907 and has evolved into a diversified investment group.

Differentiator

Problem solved

Functional benefit

Brands

• Fitaihi: Core retail brand for gold, jewelry, luxury items, gifts, crystal, silverware, antiques, chinaware, men's wear, women's and children's wear, and textiles.
• Baby Fitaihi
• M. Fitaihi
• Tatto Tatti
• Le Panache

Products and services

• Fitaihi (Flagship Brand) Flagship luxury jewelry retail brand offering gold, diamonds, jewelry, and watches to affluent consumers across Saudi Arabia, with in-house manufacturing, gemological (GIA-trained) expertise, and both physical showrooms and online channels.
• Baby Fitaihi Retail sub-brand of Fitaihi offering children's jewelry and gifts through dedicated stores and online channels, targeted at parents and family gift buyers.
• M. Fitaihi Retail sub-brand of Fitaihi offering men's jewelry collections through stores and online, targeted at male luxury consumers.
• Tatto Tatti Retail sub-brand under the Fitaihi portfolio offering Italian-style jewelry designs for consumers seeking European design influence, sold via stores and online.
• Le Panache Retail sub-brand under the Fitaihi portfolio offering perfumes, accessories, leather goods, and eyewear to consumers looking for luxury lifestyle items beyond jewelry.
• Corporate Gifting Program B2B service offering customized luxury jewelry, watches, and accessories for corporate clients for employee recognition, client gifting, and events.

Named customers3 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• International Medical Center (IMC) - Related Party TransactioncoreStrategic or Co-development Partner · 29 January 2019Fitaihi sold merchandise to IMC (within its regular course of business) valued at 1,838,782 SAR in cash on January 29, 2019. This was a related party transaction as Fitaihi holds 20% in IMC.
• Etimar Capital PartnersminorStrategic or Co-development Partner · 11 July 2018Fitaihi signed a Memorandum of Understanding with Etimar Capital Partners, a UAE-based company headquartered in Dubai, to explore the possibility of establishing a joint investment entity. Both companies would contribute equally to the proposed joint venture. Etimar Capital Partners provides asset management and investment fund services.
• International Medical Center (IMC)coreStrategic or Co-development PartnerFitaihi holds 20% stake in the International Medical Center (IMC), a major private hospital project in Jeddah initiated by Sheikh Ahmed Hassan Fitaihi. IMC opened a new general medical complex in Mecca in 2025 with a total investment of 168 million SAR, covering 19,920 square meters with 60 medical clinics.
• Oriental Weavers Carpet Co.coreStrategic or Co-development PartnerFitaihi holds approximately 11.13% of Oriental Weavers Carpet Co. as of December 31, 2021. Oriental Weavers is one of the world's largest manufacturers of machine-made carpets with production capacity of 150 million square meters across 8 plants in Egypt, USA, and China. It exports to 130+ countries and holds 80% of the Egyptian machine-made carpet market.
• Asir Foundation for Press and PublishingminorOthersAsir Foundation for Press and Publishing, represented by Chairman Bandar bin Khaled Al-Faisal, recognized Fitaihi as one of the 155 most popular Saudi brands.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Savola Group: Saudi-listed diversified group with food retail and investments across consumer sectors; comparable as another long-established Saudi publicly listed diversified holding, with comparable scale and governance profile.
• Kingdom Holding Company: Large Saudi-listed diversified holding with luxury hospitality, real estate, and international investments; broader-scale version of Fitaihi's diversified holding model relevant for investor benchmarking.

Direct peers

• Sedco Holding: Saudi-listed diversified holding company with investments across multiple sectors; structurally comparable to Fitaihi Holding's diversified portfolio approach (retail + investments in healthcare and industry).
• Arabian Oud: Saudi luxury fragrance and lifestyle brand with flagship retail expansion across the Kingdom; comparable as a Saudi heritage luxury retailer targeting affluent consumers.
• Damas Jewellery: UAE-headquartered jewelry retailer with extensive GCC store footprint; competes with Fitaihi in gold, diamond, and luxury jewelry retail.
• Fawaz Al Hokair & Partners: Saudi fashion retail franchise group operating brands and department stores; comparable as a multi-brand Saudi-based retail operator.
• Alhokair Group: Saudi-listed fashion and lifestyle retail operator with multi-brand store portfolios across MENA, comparable to Fitaihi's multi-brand retail model (M. Fitaihi, Le Panache, Baby Fitaihi).
• L'azurde: Saudi Arabia-based jewelry and watch maker/retailer listed on Tadawul; most direct regional peer to Fitaihi's core gold and jewelry retail business.

Regional players

• Malabar Gold & Diamonds: India-based global jewelry chain with strong Middle East retail presence; comparable gold/jewelry retail model to Fitaihi across GCC consumer segments.
• Joyalukkas: India-headquartered global jewelry retailer with extensive GCC presence; competes with Fitaihi in the gold and diamond jewelry category, though headquartered outside Saudi Arabia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/fitaihicompany

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries7 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 Fitaihi