Established by the Bin Mahfouz family, one of the leading banking families in Saudi Arabia, SEDCO is recognized as a leading Shari’ah-compliant organization, responsible for a diverse spectrum of companies operating in industries such as, real estate development and management, travel and the tourism, hospitality, automobile leasing, casual dining, IT solutions and medical sector in addition to managing private and public equity holdings in Saudi Arabia and around the world. Later, SEDCO Holding Group was established to consolidate the various business activities of SEDCO in which the wealth of the Bin Mahfouz family is invested. SEDCO Holding Group applies the highest standards of corporate governance in accordance with by-laws of international standards that ensure the longevity and growth of the business.
Based in Jeddah, SEDCO Holding Group is headed by a board of directors comprised of eight members, five of which are from outside the family and are chosen from prominent local and international experts. SEDCO Holding Group is dedicated to responsible and ethical corporate practices through strong leadership and strategies that have enhanced SEDCO’s position as a prominent Saudi group with global investments. SEDCO Holding Group is committed to supporting the welfare and development of individuals and communities across Saudi Arabia and invests in a range of corporate social responsibility activities, recognizing that business success brings a responsibility to contribute to the advancing economic and social development of communities where it has a presence. SEDCO’s social responsibility efforts focus on serving its employees, the sectors it operates in, the environment and the broader community.