Industry: Banking & Finance
Company: Al Abdullatif Group Holdings Co
Country: Saudi Arabia
Wealth: 450 Million
Omar Suleiman Al Abdullatif is the chairman of Al Abdullatif Group Holdings Co, which includes
Al Abdullatif Industrial Investment Co (AIIC)
is a fully integrated industrial textile company that specialises in spinning, weaving and colouring of synthetic and natural fibres, used in the production of blankets, rugs, carpets, backings and a variety of yarns. It is listed on the Tadawul, with a market value of more than $990m.
The company operates a tufting plant, which includes a backing division, a printing division and a dyeing plant, in addition to a weaving plant.
Its products include tufted carpets, woven carpets and non-woven carpets, and are exported around the world.
’s subsidiaries and affiliates include Eastern Textile Co, Western Textile Co, ADFA Blanket Co, National Spinning Co, Nadeen Arabian Colour Co and Shahd Paper Tubes.