Ajlan & Bros Holding

Ajlan & Bros Holding

Founded in 1979 by Ajlan Bin Abdulaziz Alajlan, the firm channels wealth generated by the family's dominant textiles and garment enterprise. The Chairman built the group from a regional manufacturer into a conglomerate that now deploys capital globally, anchoring Saudi Arabia's push to diversify beyond oil. The Alajlan family retains tight control: Ajlan chairs the group while his sons, Mohammed and Fahad, run day-to-day investment and operations as Vice Chairman and Group CEO respectively. The family's influence extends deep into Saudi business diplomacy—Mohammed also chairs the Saudi-Chinese Business Council, shaping the bilateral corridor that supplies much of the holding's deal flow. Ajlan & Bros Holding does not function like a passive allocator. It builds operating businesses alongside industrial partners. In energy, it co-invested with Marubeni Corporation and ENGIE on three wind independent power projects in Yanbu, Al-Ghat, and Waad Al-Shamal. In water, it joined ENGIE on the Jubail 3B desalination project. Infrastructure agreements with EDF extend the partnership model into broader renewable alliances. The logistics vertical was born from a joint venture with SF Express, creating AJEX Logistics Services to capture last-mile delivery across the Middle East. A separate banking play materialized through a JV with QNB Group to stand up Ez Bank. On the technology and manufacturing front, confirmed active JVs include one with CHINT Global for electrical equipment, another with SolarEdge Technologies for smart renewable systems, and a third with EdgeNext for cloud security solutions in the MENA region. Altss estimates total assets between $15 billion and $20 billion, though the firm does not publicly disclose AUM. Senior leadership includes the founder's two sons alongside Ajlan Bin Abdulaziz Alajlan as Chairman. The group maintains offices in Riyadh and is enrolled in the Saudi government's Shareek Program, a private-sector incentive scheme designed to accelerate domestic corporate investment. In September 2023, the firm deepened its mining exposure through an exploration alliance with Moxico Resources for the Khnaiguiyah zinc and copper license. That project sits alongside a real estate portfolio spanning residential, commercial, and warehousing assets in Saudi Arabia, Europe, Asia, and North America. The philanthropic arm, which has contributed to the Health Endowment Fund and Raghba Charitable Society, remains distinct from the commercial entities but shares Alajlan family governance. The structural differentiator is a refusal to invest purely as a minority financial sponsor. Nearly every publicly recorded allocation—wind farms, desalination plants, logistics JVs, manufacturing facilities—shows the firm taking an operating stake alongside an established industrial or technology partner. This turns Ajlan & Bros Holding into a conduit for global corporates entering the Saudi market rather than a conventional family office writing checks into blind pools. The Saudi-Chinese Business Council chairmanship provides a proprietary sourcing funnel into Chinese state-owned and private enterprises, a channel that most Western allocators cannot replicate.