Fawaz Abdul Aziz Al Hokair Real Estate Co.

What Fawaz Abdul Aziz Al Hokair Real Estate Co. does

Fawaz Abdul Aziz Al Hokair Real Estate Co. (operating as Fawaz Alhokair Group) is a privately held Saudi Arabian family-owned diversified investment conglomerate founded in 1989 by Fawaz Abdulaziz Alhokair, with 205 listed employees but 100,000+ jobs created across its 25+ portfolio companies and managed assets exceeding $5.2B. The group operates across six verticals — consumer, infrastructure, hospitality, healthcare, financial services, and education — spanning 17 countries with primary concentration in Saudi Arabia, Egypt, and the UAE.

The core operating platform consists of wholly-owned subsidiaries and joint ventures: Cenomi Centers (Saudi Arabia's largest mall operator with 26 malls, 33% market share, 1.7M sqm GLA, and 150M+ annual visitors), Cenomi Retail (1,500+ stores across 88 brands including Zara, Mango, Massimo Dutti franchise arrangements), Muvi Cinemas (46% Saudi cinema market share, 27 locations), FAS Hotels (~1,000 operating keys under Marriott and Alanda brands with 5,000+ in development), Lynx and Horizon Contracting (SAR 10.6B combined construction backlog), FAS Energy (120MWp solar capacity, targeting 1GW by 2027), Ezditek (192MW datacenter capacity in development), Ezdibank (SAMA-licensed digital bank), and Ezdihar Real Estate. Healthcare JVs include Biolab, TruDoc 24x7, Skin Laundry, and IVI-RMA (world's largest fertility group), targeting SAR 1.4B projected annual revenue. Education operates Beech Hall School Riyadh and Jadara International Schools with 6,000+ student capacity.

The revenue model is portfolio-diversified: mall operations generate subscription/recurring rent and service charges; retail franchise operations are one-time/licensing; cinema, hospitality, and fintech are transactional/usage-based; construction and real estate development are project-based; and renewable energy is usage-based. The founder holds board seats at New Murabba Development Company and Saudi Downtown Company, providing governance positioning over Saudi Vision 2030 giga-projects. The group monetizes through integrated value chain economics where internal construction, energy, and digital infrastructure feed captive retail, hospitality, and mixed-use real estate assets.

Name

Fawaz Abdul Aziz Al Hokair Real Estate Co.

Legal name

Fawwaz Alhokair

Website

https://fawazalhokair.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

101–250 employees

Short description

Fawaz Al Hokair Group is a Saudi family-owned diversified investment conglomerate operating 25+ portfolio companies across consumer, infrastructure, hospitality, healthcare, fintech, and education in 17 countries, anchored by Cenomi Centers (largest Saudi mall operator) and managed assets exceeding $5.2B.

Ownership category

akta.pro rank

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Retail Franchise Operations: Cenomi Retail operates as a franchise operator for global fashion brands, generating revenue through retail store operations across shopping malls and standalone locations in Saudi Arabia and across 10 countries with 88 retail brands
2. Mall Operations: Cenomi Centers operates Saudi Arabia's largest mall developer/owner/operator, generating revenue from tenant rent, occupancy, and service charges across 26 malls in KSA and Egypt attracting 150M+ annual visitors
3. Cinema Operations: Muvi Cinemas operates Saudi Arabia's dominant cinema chain with 46% market share across 27 locations in KSA and Egypt, generating revenue from ticket sales, concessions, and entertainment experiences
4. Hotel Operations: FAS Hotels operates premium branded hotel properties under Marriott flags (Courtyard, Aloft) and Alanda brand, generating room revenue across ~1,000 keys operating in KSA and Spain with 5,000+ keys under development
5. Construction and Real Estate Development: Lynx and Horizon Contracting deliver commercial space construction with combined backlog exceeding SAR 10.6B. Ezdihar Real Estate develops mixed-use destinations including Garden Residence, Jeddah Cove, and Ezdipark
6. Renewable Energy: FAS Energy operates solar power plants generating approximately 120MWp currently with projects under development in Romania, Poland, South Africa, and Nicaragua, targeting 1GW installed capacity by 2027
7. Digital Banking and Fintech: Ezdibank (SAMA-licensed digital bank) provides instant account opening, payments, smart lending. Paymob enables merchant payments. valU offers BNPL services. Operations span KSA, Egypt, and UAE with $40B in transaction value
8. Healthcare Services: Portfolio includes long-term care, diagnostic laboratories (Biolab), telehealth (TruDoc), skincare clinics (Skin Laundry), and fertility services (IVI-RMA) targeting SAR 1.4B projected annual revenue with 1,900+ beds capacity planned

Go-to-market motion5 records

Distribution channels9 records

Marketing channels6 records

Core offering

Fawaz Alhokair Group is a Saudi family-owned diversified investment conglomerate that develops, owns, and operates shopping malls, retail franchise stores, cinemas, hotels, mixed-use real estate, datacenter infrastructure, renewable energy assets, and joint-venture healthcare, fintech, and education businesses across 17 countries. Core revenue drivers include mall rental and service charges (Cenomi Centers, 26 malls), retail franchise operations for global fashion brands (Cenomi Retail, 88 brands), cinema ticket and concession sales (Muvi Cinemas, 46% KSA market share), hotel room revenue (FAS Hotels under Marriott flags), and contracted commercial construction (Lynx and Horizon Contracting, SAR 10.6B backlog).

Differentiator

Problem solved

Functional benefit

Brands

• Cenomi Centers: Saudi Arabia's largest developer, owner, and operator of shopping malls with 33% market share
• Cenomi Retail
• Muvi Cinemas
• VogaCloset
• EVOX Fitness
• ACTIV Gyms
• Marakez
• Lynx Contracting
• Horizon Contracting
• FAS Energy
• Ezditek
• Ezdihar Real Estate
• Biolab Medical Laboratories
• TruDoc 24x7
• Skin Laundry
• IVI-RMA
• FAS Hotels
• Ezdibank
• Paymob
• valU
• WaffarX
• Beech Hall School Riyadh
• Jadara International Schools

Products and services

• Cenomi Centers - Shopping Mall Operations
• Cenomi Retail - International Brand Franchise Operations
• Muvi Cinemas

Quantifiable outcome

• 33% market share in Saudi mall sector, more than twice nearest competitor
• +6 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Unibail-Rodamco-Westfield (URW)coreStrategic or Co-development Partner · 19 June 2025URW signed a strategic and franchising partnership with Cenomi Centers to expand the Westfield brand to Saudi Arabia under a 10-year agreement. This brings the internationally recognized Westfield shopping destination brand to the Saudi market through Cenomi Centers' mall portfolio.
• IVI-RMA GlobalcoreStrategic or Co-development PartnerJoint venture bringing world-class IVF and reproductive healthcare to Saudi Arabia. IVI-RMA Global is the world's foremost fertility group with 75 clinical offices and 28 specialized laboratories in 9 countries, 465+ physicians and embryologists, facilitating 100+ births daily worldwide.
• TruDoc 24x7coreStrategic or Co-development PartnerJoint venture bringing TruDoc's telehealth and care management platform to Saudi Arabia. Platform includes mobile app, on-site virtual clinics, hospitalist programme, hospital-at-home with telemonitoring, and hospital-based urgent care connected to 24x7 Telemedicine Control Centre.
• Skin LaundryminorStrategic or Co-development PartnerJoint venture bringing Skin Laundry's premium skincare brand to Saudi Arabia. Brand founded in 2013 with 40+ locations across US, UK, Hong Kong, and Middle East, making GCC debut in Dubai Marina in 2020.
• Biolab Medical LaboratoriescoreStrategic or Co-development PartnerJoint venture bringing Biolab's diagnostic laboratory services into proximity with the Group's real estate and healthcare ecosystem. Biolab founded in 2001 with over two decades of operational history delivering patient-centered care through latest diagnostic technology.
• PaymobcoreStrategic or Co-development PartnerJoint venture establishing Paymob Saudi Arabia bringing MENA's leading payments infrastructure platform to the Kingdom. Enables merchants of all sizes to accept online and offline payments through omnichannel solution supporting Vision 2030 cashless payments agenda.
• valU EgyptcoreStrategic or Co-development PartnerJoint venture to launch valU BNPL platform in Saudi Arabia. valU is Egypt's pioneering Buy-Now-Pay-Later platform with instant credit decisions and flexible installments across 898+ merchants and 3,500+ retail touchpoints in 35 product categories.
• Marriott InternationalcoreChannel Partner/ Reseller/ DistributorFAS Hotels operates branded properties under Marriott flags including Courtyard by Marriott Riyadh (230 keys) and Aloft Hotels in Riyadh (287 keys) and Dhahran (262 keys), delivering Marriott's signature standards and service.
• Zara (Inditex)coreChannel Partner/ Reseller/ DistributorCenomi Retail operates Zara franchise stores across Saudi Arabia, introducing the global fashion brand to the Saudi market through retail store network.
• MangocoreChannel Partner/ Reseller/ DistributorCenomi Retail operates Mango franchise stores across Saudi Arabia, extending the Spanish fashion brand's reach into the Saudi retail market.
• Massimo DutticoreChannel Partner/ Reseller/ DistributorCenomi Retail operates Massimo Dutti franchise stores across Saudi Arabia, bringing the premium fashion brand to Saudi consumers.

Scale indicators24 records

Recent moves6 records

Expansion highlights7 records

Regional players

• DAMAC Properties: UAE-listed luxury real estate developer primarily active in Dubai. Comparable on large-scale mixed-use and branded real estate development, though narrower in sector breadth than Fawaz Alhokair.
• Landmark Group: UAE-based retail conglomerate operating fashion, hospitality and healthcare brands across MENA and India. Comparable on multi-brand retail franchise operation model serving regional consumers.
• Lulu Group International: UAE-based retail conglomerate operating hypermarkets, shopping malls and multi-format retail across MENA and Asia. Comparable on mall-linked retail scale and Saudi consumer focus.

Direct peers

• Al-Futtaim Group: UAE-based diversified family conglomerate operating malls, retail franchises, automotive and financial services across MENA. Closely mirrors Fawaz Alhokair's mall-operator-plus-retail-franchise-plus-diversified-verticals model.
• Aldar Properties: Abu Dhabi-listed real estate developer and manager with malls, mixed-use and residential assets. Comparable to Ezdihar Real Estate and Marakez development activity.
• Kingdom Holding Company: Saudi-listed diversified holding company with hospitality, real estate, healthcare, education and financial services investments. Closest Saudi diversified-conglomerate peer along portfolio composition.
• Olayan Group: Saudi family-owned diversified conglomerate with interests in distribution, manufacturing, real estate, healthcare and financial services. Closely aligned family-conglomerate governance and Saudi-centric portfolio.
• SEDCO Holding: Saudi diversified holding company operating across real estate, financial services, healthcare and consumer sectors. Comparable diversified Saudi family-controlled holding model.
• Majid Al Futtaim: UAE conglomerate operating MENA's largest mall portfolio (Mall of the Emirates, City Centre), Carrefour franchise, VOX Cinemas and entertainment. Direct mall/cinema comparable to Cenomi Centers and Muvi Cinemas.
• Emaar Properties: UAE-listed master developer of Downtown Dubai, Dubai Marina and Dubai Mall with international expansion. Comparable on mall development/operation and large-scale mixed-use real estate development in MENA.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/fa_alhokair
• LinkedInlinkedin.com/company/seder-construction-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries22 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 Fawaz Abdul Aziz Al Hokair Real Estate Co.