Sayegh Group

Sayegh Group

The Sayegh Group traces its origins to 1932, when Faiq Ibrahim Sayegh established his first enterprise in Yaffa, Palestine assembling bus chassis. Following the political upheavals of the late 1940s, the family relocated to Jordan. In 1949 Faiq opened a store selling imported paint, and by 1969 he launched National Paints — a manufacturing business that would become the group's industrial core. After his father's death in 1976, Michael Sayegh and his brothers expanded the company across the region, building a multi-generational corporate group that now spans continents. The group's central operating pillar remains National Paints, a regional manufacturer with a pan-Arab footprint that began through a technology agreement with a Danish paint producer in the 1970s. Beyond industrial coatings, Sayegh Group has deployed capital into asset-heavy sectors. Its portfolio includes significant real estate holdings — such as the Tala Bay tourism development in Aqaba and the Khalil Al Sayegh Properties Portfolio in Dubai — alongside agricultural land in the Nile Delta. The group also owns three Boeing 747-300 aircraft registered in Jordan. Financial services exposure runs through Jordan Commercial Bank, chaired by Michael Sayegh, while Fares Michael Sayegh leads the group's media interests as CEO of Roya Media Group. The family operates through a network of senior relatives across its various businesses. Saleem Sayegh manages the UAE paint operations as Managing Director of National Paints UAE. Ibrahim Sayegh oversees technical production and general management for National Paints in Jordan. Fa'eq Michael Sayegh serves as Executive Director of the parent group. Michael Sayegh maintains external commitments including membership on the Palestine National Council and the Central Orthodox Council, and received Jordan's Al-Nashama Award for Entrepreneurs in 2025. The Sayegh structure functions less as a pure family office and more as a holding company with deep operating roots. Its separation of industrial leadership across family members by geography and subsidiary creates a federated governance model unusual among Middle Eastern conglomerates. Philanthropy flows through the Al-Quds Fund and Endowment and other vehicles supporting Palestinian institutions, structurally distinct from the commercial operations but closely tied to the family's identity.