History

Established in the 1959's, Al Fozan Group is now among the top leading commercial entities in the Kingdom of Saudi Arabia. In the 1959’s, Saudi Arabia was undergoing rapid growth and development. With fast-paced industrialization came the need for modern infrastructure. A resultant gap emerged between the growing demand for building materials and the limited supply capacities of existing producers.

Al Fozan Group started out as a single company Al Fozan Building Materials, committed to equalizing this supply and demand imbalance. Visionary management and total dedication to quality and customer satisfaction saw the company grow exponentially in size, reputation and product lines.

Firmly established as one of Saudi Arabia's leading companies, Al Fozans founder embarked on an ambitious diversification initiative. In 1983, Al Fozan Electrical Materials was formed. After a brief period of consolidating its market position, the parent company took its diversification a step further, and in 1991 Al Fozan wood Industries came into being.

This was followed up by Al Fozan Hardware in 1993 and ARC Engineering Consultants in 1994. Keeping pace with market developments, 1996 saw Al Fozan Steel Industries and Building Construction Company start operations. In 1998 the group established Arnon Plastics Industries and in 2001 United Transformers Electric Company (Utec) followed by United Electronics (eXtra) in 2002. The company entered into joint ventures including Bawan Holding Co. in 2006 and Atheel Holding Co.

In order to increase diversification of revenue streams, the group also holds an equity stake in several affiliate ventures ranging from banks and petrochemical companies, to recycling and consumer retail operations.