Alturki Holding
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Overview[edit]
Alturki Holding is a Saudi business investment company founded in 1975 and headquartered in Dhahran.[1] The company invests in building materials, infrastructure, information and communication technologies, oilfield services, real estate and healthcare IT. One of its main subsidiaries, is Saudi Readymix Concrete Company.Saudi Readymix Concrete Company[2]
In 2022, Alturki Holding was a diamond sponsor for IKTVA[3], The In-Kingdom Total Value Add Program by Aramco.[4]
Acquisitions & Joint Ventures[edit]
In 2021, Alturki’s upstream subsidiary, Sawafi Al-Jazeera Oilfield Products & Services acquired the US drilling services company Newsco.[5][6]
Sawafi also signed a JV with Russia’s Borets International in 2019, to create Sawafi Borets, for manufacturing, testing, and service of electronic submersible pumps (ESP).[7] [8]
In 2013, Alturki Holding entered the auto-leasing industry, acquiring the Saudi based Samara Car Rental Services in October 2013. Alturki added 4 new companies to its portfolio in 2013, including Samara.[9][10]
References[edit]
- ↑ Mughal, Waqar. "Alturki Holding - Top 100 Arab Family Businesses in the Middle East 2021". Forbes Lists.
- ↑ "Saudi Readymix to increase capacity". MEED. 3 September 2007.
- ↑ "Alturki Builds on Its Commitment to Localization by Participating in the 2022 IKTVA Forum and Exhibition as a Diamond Sponsor". Bloomberg.com. 20 January 2022.
- ↑ "The in-Kingdom Total Value Add Program | IKTVA | Saudi Aramco".
- ↑ "Alturki Holding oil arm acquires US drilling firm Newsco". Arab News. 4 October 2021.
- ↑ "Saudi Arabia's Alturki Holdings oil arm acquires drilling firm Newsco". Global Business Outlook. 5 October 2021.
- ↑ "Sawafi Borets breaks ground at new headquarters at SPARK". Energy Connects. 23 April 2021.
- ↑ "Sawafi Borets begins construction on HQ, production facility in SPARK". construction week online.
- ↑ "Alturki Announces the Acquisition of Samara Car Rental Services". finance.yahoo.com.
- ↑ "SIXT starts new partnership in Saudi Arabia". uk.finance.yahoo.com.
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