# Almutlaq Group

Almutlaq Group is a Single Family Office based in Riyadh, Saudi Arabia.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Riyadh, Saudi Arabia
- **Region:** Asia
- **Address:** Riyadh, Saudi Arabia
- **Founded:** 1954
- **Assets under management:** 1500 (Altss estimate)
- **Website:** almutlaq.com
- **LinkedIn:** https://www.linkedin.com/company/allmutlaq-real-estate-investment-&-development

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Industrial Tech
- PropTech
- Energy Transition & Renewables
- FinTech
- AgriTech & FoodTech
- Real Estate

## People

- Abdulmohsen Almutlaq — Co-founder
- Mutlaq Almutlaq — Co-founder

## Questions

### Who runs investment decisions at Almutlaq Group?

Co-founders Abdulmohsen Almutlaq and Mutlaq Almutlaq established the firm. Tariq Almutlaq chairs the AlRaha AlSafi Food vehicle used for major acquisitions. Dalal Almutlaq serves as VC Platform Advisor.

### Does Almutlaq Group participate in fund commitments or only direct deals?

The office uses direct co-investments and SPVs. It joined the AlRaha AlSafi Food consortium for the First Milling Company acquisition and acted as preferred bidder for Neom residential phases.

### What investment stages does Almutlaq Group typically target?

Confirmed activity covers Early Stage through Late Stage, including Seed, Series A, and Series B. The firm also executes infrastructure and real-estate transactions outside venture stages.

### Which sectors does Almutlaq Group focus on?

Sector exposure includes Industrial Tech, PropTech, Energy Transition & Renewables, FinTech, AgriTech & FoodTech, and Real Estate. Additional tags cover ClimateTech, WaterTech, and Supply Chain & Logistics.

### Where does Almutlaq Group maintain geographic exposure?

Core activity sits in Saudi Arabia. The firm also lists exposure across the Middle East & Central Asia, Asia, and North America.

### How is Almutlaq Group related to its business partners?

It co-owns First Milling Company with Abdullah Abunayyan Trading Company, AlSafi Advanced Investment, and Essa Al-Ghurair Investment. It also partners with Aramco, SPARK, and multiple entities on Neom residential development.

### Does Almutlaq Group maintain philanthropic structures?

No separate philanthropic vehicles appear in public records. The firm lists corporate partnerships with Endeavor Saudi Arabia and board service by Dalal Almutlaq.

## Related profiles

- [WERTIQ Family Office](https://altss.com/profile/wertiq-family-office)
- [MBMG Family Office](https://altss.com/profile/mbmg-family-office)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/almutlaq-group

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology