Our Story
Since its establishment in the 1940's, Al Muhaidib Group has followed a distinguished path, as the founder started working in general trade and joined by his sons and partners, their fields have evolved to include food & consumers, manufacturing, building materials, real estate, construction and others.
Abdulkadir Al Muhaidib
A key saying Abdulkadir Al Muhaidib passed onto his sons was to start early on projects, on discussions and in seizing opportunities: "Fortune is distributed before dawn." He had shown the truth of that himself.
The Story Begins
The Beginning
The Beginning (headquartered in Al Basra)
The young entrepreneur Abdulkadir Al Muhaidib started his journey in 1940 with a simple supplies store in the city of Al Zubair. After 3 years in the business, Abdulkadir saw an opportunity and transformed his supplies store into a food trading business and opened his first Foods store in 1943 - setting sail to the true beginning of his business’ growth and diversification. Years later, Abdulkadir expanded his business once again along with his partner Abdullatif Al Muhaidib, and started trading agricultural produce and livestock that was brought from Iraq, and imported from the Indian sub-continent, China and south-east Asia in the vibrant souks and bazaars of Basra.
The partners soon became known for their enthusiasm and business acumen and the business grew. An office was established in Baghdad although it remained headquartered in Basra.
The Story Continues
Expanding in Saudi
Expanding in Saudi
As the region began to benefit from the export of oil, the business expanded to meet the rising demand for a wider choice of imported items in the Kingdom of Saudi Arabia, especially in Jeddah. In the 1960’s, with the boom in the Kingdom, the business expanded into building materials and real estate, and the establishment of the Dammam and Jeddah offices.
The Story Continues
Diversifying the Business
Diversifying the Business
The 70’s and 80’s saw further diversification and geographical expansion in Saudi Arabia as the business moved into contracting, manufacturing and retail. In the 1990’s, the Group increased its investment in stock markets.
The Story Continues
Sustainable Growth
Sustainable Growth
In 2000 welcomed in a new era as it shifted from operations to an active investment company. Al Muhaidib Group has evolved and transformed over the last 75 years from a small trading business to a leading conglomerate, however the values that underpinned its success, remain the same. The insightful sayings of the Founder have come to form the Group’s corporate vision, the beliefs he upheld form the foundation of our corporate culture, and the policies he pursued still form the core of our policies today.
Abdulkadir Al Muhaidib’s legacy is more than its group of companies, it is the entrenched ethical business practices and the community initiatives designed to shape an inclusive culture and the new generation of good citizens.