Almutlaq Group

Almutlaq Group

Almutlaq Group traces its start to 1954 when brothers Abdulmohsen Almutlaq and Mutlaq Almutlaq established the firm in Riyadh. The family office has since expanded holdings while remaining under family control. Its mandate centers on generational wealth preservation through a mix of listed securities and private assets. The office allocates across listed equities, real estate, private equity, and infrastructure. It participates in direct co-investments and SPVs rather than broad fund commitments. Confirmed positions include a 30 percent stake in First Milling Company via the AlRaha AlSafi Food consortium and preferred-bidder status for Phase 1 residential communities at Neom. Activity spans Saudi Arabia and the broader Middle East, with additional exposure noted in Asia and North America. The firm maintains one primary office in Riyadh and employs professionals across investment and operating roles. It holds memberships in Endeavor Saudi Arabia and has partnered on events with LGT Group. A 2022 collaboration with Thriwe supported family-office expansion services inside the kingdom. Tariq Almutlaq chairs the consortium vehicle used for the First Milling acquisition completed after the National Center for Privatization sale process. Almutlaq Group operates through a hybrid model that combines internal investment teams with consortium partnerships for large-scale projects. This approach allows participation in privatizations and master developments such as Neom and SPARK while keeping decision rights inside the family. Governance remains anchored to the founding branch rather than external boards or limited-partner committees.