Alesayi Group

Alesayi Group

Omar Kassem Alesayi established the group in 1945 with an initial textiles business in Jeddah. His three sons now sit on the board, with Abdullah Omar K. Alesayi serving as chairman. The family maintains ownership through direct equity in operating companies and real-estate vehicles. Deployment spans real estate development, industrial manufacturing, hospitality and consumer trading. Asset classes include direct co-investments in mixed-use towers, hotel portfolios and manufacturing joint ventures. Confirmed holdings cover the Jabal Omar Multi-use Tower Project, multiple Adagio aparthotels and ibis properties in Jeddah, Riyadh, Madinah and Makkah, plus United Carton Industries Company. Geographic reach centers on Saudi Arabia and extends to Egypt through the 2022 Mountain View joint venture and earlier Mitsubishi Electric partnerships. The group employs more than one thousand people across its subsidiaries. A single headquarters operates from Alesayi Plaza in Jeddah. In November 2022 the firm signed a real-estate development joint venture with Mountain View Egypt. No separate philanthropic vehicle or external club memberships appear in public records beyond the Hospitality Asset Management Association affiliation held by one executive. Ownership remains concentrated within the founding family branch, with board seats limited to the three sons of the late founder. This structure channels investment decisions through operating-company governance rather than a standalone investment committee, producing a pattern of long-duration joint ventures with international brands instead of diversified external manager allocations.