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Ali Zaid Al Quraishi & Brothers Co.
Faisal bin Saleh Al Quraishi chairs AZAQ, the Dammam-based family office founded in 1958.
Ali Zaid Al Quraishi & Brothers Co.
Ali Zaid Al Quraishi & Brothers Co. was formed in 1958 by the Al Quraishi family in Dammam, Saudi Arabia. The fortune originated as a diversified trading, marketing, and distribution group that secured exclusive agency and joint-venture relationships with global brands across consumer goods, automotive, industrial, technology, and real estate. Chairman Faisal bin Saleh Al Quraishi and CEO Yousuef bin Ali Zaid Al Quraishi oversee the single-family office structure, which remains 100% family-owned. The office invests across mobility and transportation, industrial technology, financial services, real estate, and supply-chain logistics. Its strategy combines direct co-investments and SPVs with operating companies and strategic joint ventures, rather than operating as a pure institutional LP. In real estate, confirmed holdings include Retal Rise residential in Al Khobar, the Nobu Hotel and Residence Al Khobar mixed-use project, and three commercial Al Quraishi Centers in Dammam, Riyadh, and Jeddah. On the operating side, AZAQ maintains partnerships with firms including Canon for Canon Saudi Arabia and Retal Urban Development Company for Al Khobar real estate ventures. AZAQ's parent website reports relationships with more than 200 international companies and a team of over 1,000 employees, with no disclosed AUM. The firm participates in the U.S.-Saudi Business Council, where its leadership serves on the board, and in the Eastern Province Chamber of Commerce. Philanthropic vehicles include AZAQ Hive and Estadem. In recent activity, ADMC, a portfolio company, received Great Place to Work certification; Evostel partnered with Eaton to upgrade Petro Rabigh's industrial lighting to LED systems; and GNS Water Solutions advanced in the National Water Company's non-revenue water classification. AZAQ functions less as a financial portfolio allocator and more as an operating holding company that integrates family governance with direct strategic partnerships. Its joint-venture model — selecting international brands and deploying family balance-sheet capital alongside them in Saudi Arabia — creates a structural moat through exclusive market access and localized distribution infrastructure, rather than conventional fund selection.
General information
Firm type
Single Family Office
Year founded
1958
AUM
Undisclosed
Location
Region
Middle East
Country
Saudi Arabia
City
Dammam
Corporate office
Dammam, Saudi Arabia
Principals
Faisal bin Saleh Al Quraishi
Chairman
Yousuef bin Ali Zaid Al Quraishi
CEO and Managing Director
Altss tracks 1 additional named team member for this firm — including direct investment leads, IR, and operating principals not listed on the public website.
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Frequently asked questions
Who runs investment decisions at Ali Zaid Al Quraishi & Brothers Co.?
Chairman Faisal bin Saleh Al Quraishi and CEO Yousuef bin Ali Zaid Al Quraishi lead the firm. Deputy Group CEO Ahmed Al Quraishi also holds a key operational role. Investment and partnership decisions are made within this family leadership structure rather than through an external investment committee.
Is AZAQ structured as a single family office or does it operate more like a venture firm?
AZAQ is a 100% family-owned single family office, but it functions as an operating holding company that pursues direct joint ventures and strategic partnerships rather than a venture capital fund. The firm selects multinational partners and provides on-ground distribution, local market access, and co-investment capital, especially for Saudi market entry.
How does AZAQ source proprietary deal flow?
The firm's primary sourcing channel is its six-decade network of exclusive distribution and agency relationships with more than 200 international companies. Strategic partnerships — such as Canon Saudi Arabia — and board participation in organizations like the U.S.-Saudi Business Council provide additional origination of brand-entry opportunities and co-investments.
Does AZAQ participate in fund commitments or only direct deals?
Available sources do not list any fund commitments. AZAQ's disclosed activity is entirely direct: operating-company joint ventures, real-asset projects such as Retal Rise and Nobu Hotel Al Khobar, and strategic partnerships with companies including Retal Urban Development Company and Canon.
What investment stages does AZAQ typically target?
AZAQ does not target traditional venture or growth-equity stages. The firm partners with established multinational corporations seeking Saudi market entry, and participates in real estate development at the project level. Its involvement ranges from operational joint ventures to direct asset ownership in residential, hotel, and commercial properties.
How does AZAQ separate family wealth from operating-company interests?
The Al Quraishi family wealth is embedded in the holding company structure, which owns both operating subsidiaries and real estate assets. There is no publicly disclosed separation between family office investing and operating-company activities. Philanthropic initiatives run through dedicated vehicles, AZAQ Hive and Estadem.
What is AZAQ's known posture on co-investments alongside external GPs?
Public information shows no external GP fund relationships. AZAQ co-invests directly alongside operating partners — for example, with Retal Urban Development Company on Al Khobar real estate projects — but does not appear to function as an LP in third-party-managed funds.
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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