Al-Mehwar Investment Holding Company

Al-Mehwar operates as a separate investment entity under the Bin Mahfouz family umbrella, but shares leadership and governance with SEDCO Holding. Saleh Salem Ahmed Bin Mahfouz serves as Chairman of Al-Mehwar while also holding the Vice Chairman role at SEDCO. The two entities are distinct but coordinate through overlapping board membership and family principals.

The portfolio centers on commercial and mixed-use assets in Saudi Arabia. Known holdings include the Red Sea Mall and Al Mahmal Center in Jeddah, Hotel Galleria, The Point in Abha, and the Masar Development project in Makkah. The firm also maintains a strategic land bank for future development.

Investment direction rests with Chairman Saleh Salem Ahmed Bin Mahfouz and the board, which includes family member Abdelelah Salem bin Mahfouz and business partner Abdulatif bin Ali Al-Seif. The firm does not publish details on an internal investment committee or outside advisors.

Public records point to an almost exclusively domestic Saudi mandate, concentrated on Jeddah, Makkah, and Abha. There is no evidence of direct international real estate holdings or non-Saudi portfolio companies under the Al-Mehwar name, though related family entities may have broader exposure.

Al-Mehwar functions as a proprietary investment holding company deploying family capital directly. It does not appear to raise third-party funds or participate as a limited partner in external private equity or venture funds, operating instead as a self-funded principal investor.

The Salem bin Mahfouz Foundation is the family's philanthropic organization, operating separately from the investment holding company. It represents the family's structured giving activity in Saudi Arabia, but the foundation's specific program areas and governance relationship to Al-Mehwar are not publicly detailed.

Real estate development and land banking appear to be the primary activity. Board connections through Abdelelah Salem bin Mahfouz extend to food and beverage via Americana and asset management via Ajeej Capital, and Abdulatif bin Ali Al-Seif links to healthcare through Nahdi Medical Company and banking through Al Rajhi Bank, but Al-Mehwar itself is known mainly as a real asset vehicle.