Essam Al Muhaidib, 66, serves as the CEO of Al Muhaidib Group, a major family-owned conglomerate headquartered in Dammam, Saudi Arabia.
Originally established in 1943 by his father, Abdulkadir Al Muhaidib, as a food trading business, the company has since grown into a powerhouse with operations spanning consumer products, infrastructure, construction, real estate, and finance.
Essam Al Muhaidib owns a 28% stake in the group and continues to oversee its expansion alongside his brothers, Emad and Sulaiman, who assumed key roles following their father’s passing in 1996.
The group holds investments in at least sixteen publicly listed companies across Saudi Arabia and Egypt, reinforcing its diversified and strategic presence in the region.
With a net worth estimated at $3.6 billion, Essam Al Muhaidib ranks among the wealthiest Arab individuals in 2025.
His leadership is characterized by long-term strategic planning, a commitment to diversification, and a deep understanding of both local and international markets.
In October 2024, Al Muhaidib Group further expanded its portfolio by launching a renewable energy venture named “SAMANA” in partnership with AMANA.
Continuing its growth into the sustainable sector, Masdar Building Materials, one of the group’s subsidiaries, entered into a major partnership in February 2025 that involved a 30% acquisition by the Public Investment Fund.
This strategic move underscores the group’s commitment to green infrastructure and aligns with national goals for economic diversification.
Essam Al Muhaidib’s leadership combines a respect for legacy with a clear focus on innovation and modernization.
Under his guidance, Al Muhaidib Group continues to play a central role in shaping the business landscape of Saudi Arabia, contributing to job creation, sectoral development, and the realization of the Kingdom’s broader economic vision.
Discover more in our February 2025 issue of The Saudi Times Magazine, featuring Essam Al Muhaidib on the cover.
