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Al Rashed

Our History

1950

Building Material Division

Mr. Rashed Al Rashed founded the group in 1950 as a result of his far-reaching vision and timely recognition of the Kingdom large scale infrastructure development. The group legacy began by establishing the Building Materials Division.

1964

Real Estate Division

The group contribution to the development of the Saudi Arabian Real Estate sector started by founding the Real Estate Division in 1964.

1972

Cement Division

Our foothold as the largest Cement distributor in the Cement and Bulk Materials sector was started in 1972.

1973

Civil Works Company

in 1973, CWC was acquired as a Construction arm for the group.

1977

Transportation Division

Our services to the Market expanded swiftly with the creation of our Transportation Division in 1977.

1977

Investment Division

The Investment Division was established in 1977 as a breakthrough to attract opportunities that offer high growth and return potential.

1981

Saveto

Established a Saudi European JV in 1981, Saudi Vetonit is the first Saudi company that offers a full range of advanced construction chemicals and building materials to the MENA region.

1988

Saudi Filters Industry Co.

Established in 1988 to serve the Automotive and Industrial Sectors with high quality products.

1989

Al Rashed Food

In 1989, Al Rashed Bakeries was established to provide the Saudi Market with the finest food quality.

1994

Al Rashed Goodyear

A strategic alliance was developed between the group and GoodYear Int. in 1994.

1994

Ramat

Our Building Materials business grew in 1994 with the foundation of Ramat.

2005

COMATEC

Our contribution to the construction and telecom industries grew in 2005 with the establishment of Comatec.

2011

Al Rashed Industrial Complex

Established in 2011 to contribute to the development of the Saudi Arabian Industrial Sector.

2013

Jana Marine Services

Founded in 2013 as a provider of first-class marine offshore services to the Oil & Gas sector in the Arabian Gulf region and beyond.

2013

Denys Arabia

Created as a Saudi European JV between the Civil Works Company and Denys NV, a Belgium based company, to provide EPC works for the energy and water business sectors.

2015

Exact Technical Solutions

Exact Technical Solutions offers high quality and cost effective works for the Oil & Gas sector, in addition to the petrochemical, energy and water sectors.