Al-Futtaim Group commits SAR 10B investment in Saudi Arabia

Logo of Al-Futtaim Group

UAE-based Al-Futtaim Group announced its commitment to invest SAR 10 billion over the next three years in Saudi Arabia.

The new investment builds on its existing portfolio in the country, which already exceeds SAR 5 billion, the company said in a statement.

The move aims to accelerate expansion across key growth sectors that align with the Kingdom’s diversification and sustainability goals.

The announcement came on the opening day of the Future Investment Initiative (FII) in Riyadh.

The group revealed that it will drive the transformation of the mobility sector by introducing advanced electric vehicles through partnerships with global brands such as BYD. It will also elevate retail experiences through its partnership with Cenomi Retail, in which it holds a 49.95% stake, and extend shareholder financing and banking facilities to support future growth.

In the insurance and financial services, Al-Futtaim will continue to strengthen its position through Orient Insurance, offering integrated insurance and financing solutions. The group is also expanding in real estate, developing projects that complement the Kingdom’s rapid urban transformation.

In September, Al-Futtaim completed the acquisition of a 49.95% stake in Saudi-listed Cenomi Retail for SAR 2.52 billion.