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Shomoul Holding Company

Shomoul Holding Company

Shomoul Holding is a joint venture between Mabanee - the largest real estate company in Kuwait in terms of market value and one which created a change in tourism and retail sectors - and the Saudi-based Al Fozan Group - one of the leading players in the Saudi retail, industry, real estate and commerce sector - and Alshaya Group - a Kuwait-based family business established in 1890 and a group of leading companies in the Middle East’s commerce, retail and real estate sectors, as well as in investment, vehicles and projects

Based on a long-term vision and belief in the investment and real estate development opportunities in the Kingdom of Saudi Arabia, the company has put in place a number of projects that are being designed and implemented with the highest international standards, thus achieving the goals of the investors. The current portfolio of the company includes two major projects in Saudi Arabia, namely, The Avenues - Riyadh and The Avenues - Khobar, which are inspired by the success of The Avenues - Kuwait.

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