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Al Dhowayan Group
Shaikh Ali AlDhowayan chairs Al Dhowayan Group, a Saudi holding company with real estate across three continents and direct mining assets in Azerbaijan.
Al Dhowayan Group
Al Dhowayan Group functions as a multi-asset holding company anchored by its founder and chairman, Shaikh Ali AlDhowayan. Its board includes Tariq Al-Sudairy, the CEO of Jadwa Investment, and Khalid Al-Khowaiter, linking the firm to one of Saudi Arabia's largest homegrown asset managers. The group's investment posture is concentrated in long-duration physical assets, with no publicly disclosed timeline for exits or return of capital. The real estate portfolio falls into two clear categories: domestic income-producing assets and international mixed-use holdings. In Saudi Arabia, confirmed properties include Hayat Villa Tharwa in Dammam/Al Khobar, Hayat Business Gate in Riyadh, AlNoor Square in Al Khobar, and the Khafji Real Estate Development and Shopping Mall near the Kuwaiti border. Outside the Kingdom, the group holds a New Zealand mixed-use portfolio and a Spain mixed-use portfolio. In the natural resources sector, Al Dhowayan controls the Azatek and Sofi-Bina gold-polymetallic mines in Azerbaijan, placing the firm among a small cohort of Saudi investors with direct exposure to operational mining assets in the Caucasus. The founding AlDhowayan family retains full operational control, with no outside limited partners or co-investment vehicles known to exist. The board presence of Al-Sudairy and Al-Khowaiter suggests a governance layer that draws on institutional investment discipline from Jadwa, though Al Dhowayan does not appear to function as a fund manager for third-party capital. The firm does not publish team size, AUM, or deployment figures. The group's structural differentiator is its hybrid of regional Saudi operating real estate and remote direct mining ownership — a combination rarely seen in Gulf family offices, which typically specialize in either real estate development or passive resource fund commitments. The leadership structure, with a founder-chairman and institutional board members, suggests a governance model designed for capital preservation rather than aggressive allocation shifts.
General information
Firm type
Generalist
Year founded
—
AUM
Undisclosed
Location
Region
Middle East
Country
Saudi Arabia
City
Al Khobar
Corporate office
Al Khobar, Saudi Arabia
Principals
Shaikh Ali AlDhowayan
Founder and Chairman
Tariq Al-Sudairy
Member of the Board of Directors
Khalid Al-Khowaiter
Member of the Board of Directors
Sector focus
Frequently asked questions
Who runs investment decisions at Al Dhowayan Group?
Founder and Chairman Shaikh Ali AlDhowayan leads the group's investment decisions. The board includes Tariq Al-Sudairy, CEO of Jadwa Investment, and Khalid Al-Khowaiter, providing institutional oversight. Day-to-day operational management is assumed to rest with the founder's office, though the group does not publicly detail its executive structure.
What kind of assets does Al Dhowayan Group hold?
The portfolio divides into real estate and natural resources. Real estate holdings include residential and commercial properties in Saudi Arabia — Hayat Villa Tharwa, Hayat Business Gate, AlNoor Square, and two Khafji developments — plus mixed-use portfolios in New Zealand and Spain. The natural resources segment consists of the Azatek and Sofi-Bina gold-polymetallic mines in Azerbaijan.
Is Al Dhowayan Group a single family office or an asset manager?
Al Dhowayan Group is structured as an asset manager but operates more like a family holding company. It does not appear to manage third-party capital, and all known portfolio assets are directly held by the group under founder control. The governance structure, with institutional board members, suggests a formal corporate framework rather than an informal family office.
Does Al Dhowayan Group disclose its assets under management?
No. The firm has not published an AUM figure, and the value of its real estate and mining holdings is not publicly available. Altss research finds no regulatory filing or media report that quantifies the group's total capital base.
Where does Al Dhowayan Group's wealth originate?
The source of the Al Dhowayan family's original wealth has not been publicly disclosed. The group's investment focus on Saudi real estate and Azerbaijani mining suggests multi-generational capital originally deployed in regional physical assets, but no specific wealth-origin narrative is available in public records.
How is Al Dhowayan Group connected to Jadwa Investment?
Tariq Al-Sudairy, the CEO of Jadwa Investment — a Riyadh-based asset manager with over SAR 75 billion under management — sits on Al Dhowayan Group's board of directors. This creates a governance link between the two firms, though no operational or co-investment relationship has been publicly confirmed.
What is Al Dhowayan Group's posture on international investments?
The group maintains a geographically dispersed real estate portfolio, with confirmed holdings in New Zealand and Spain in addition to its Saudi properties. All known international positions are direct property holdings — there is no evidence of fund commitments, co-investments, or public-market exposure outside the Kingdom.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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