Built on the principle that land is the most enduring investment.
ALWOROUD is a vertically integrated real-estate investment company, owning, developing, and managing institutional-grade assets across the Kingdom of Saudi Arabia, as a member of ABG Holding.
To build, own, and actively manage generational real estate that delivers sustainable growth, creating communities, not just places.
To invest with long-term conviction in Saudi Arabia’s most promising urban corridors, transforming raw land into productive, income-generating assets that serve both investors and the communities they anchor.
﴿هُوَ أَنشَأَكُم مِّنَ الْأَرْضِ وَاسْتَعْمَرَكُمْ فِيهَا﴾
He ˹is the One Who˺ produced you from the earth and settled you on it.
THE QUR’AN · SŪRAT HŪD 11:61
Our values are rooted in the principle that humanity is entrusted with the land to make it flourish, not exploit it. Five pillars guide every acquisition, development, and management decision we make.
Flourishing the Land
We develop land into productive, lasting assets, adding infrastructure, density, and economic activity where none existed.
Public Benefit
Every project must serve a clear public good: housing, commerce, employment, or essential services that strengthen the urban fabric.
Stewardship
We manage capital and land with fiduciary rigor, treating each asset as a trust to be preserved and improved for the generations that follow.
Justice in Access
We design and allocate space fairly, ensuring growth benefits a broad cross-section of tenants, residents, and partners, not just a few.
Excellence
We pursue the highest standard in design, construction, and operations, because what we build today will define neighborhoods for decades.
We built Alworoud to hold, not to trade, and to be judged over decades, not quarters.
Mohammad Albalawi
CHAIRMAN OF THE BOARD
Stewardship begins at the top.
Governed for the long term.
Alworoud separates Board oversight from executive management: the Board sets strategy and capital allocation; the executive team delivers it, supported by committees for audit, risk, and investment.
Board Oversight
Strategy, capital allocation, and accountability rest with the Board of Directors.
Audit and Risk
Independent review of controls, compliance, and financial integrity across the portfolio.
Investment Committee
Disciplined evaluation of every acquisition and development against a clear mandate.
Built with the right partners.
We develop and operate at scale alongside leading capital partners, global operators, and institutional tenants, relationships measured in decades, not deals.
Capital Partners
Co-investors and lenders who share our permanent-capital horizon.
Operating Partners
Global brands and operators, including IHG (Holiday Inn Express), running assets to a global standard.
Institutional Tenants
Government bodies and blue-chip companies anchoring the commercial portfolio.
Four decades of conviction.
Alworoud was founded in 1987 on a simple conviction: that lasting value is created by developing land, not trading it. What began as a family office is today an institutional developer operating across five Saudi cities.
1987
Established by Sheikh Ahmad Hamdan Al Blawi as a family office, acquiring and holding strategic land across the Kingdom.
2011
Transformed into an institutional investment firm, professionalizing operations, expanding capital, and scaling the development pipeline.
Today
45+ projects across five Saudi cities, from active development to master-planned land, anchored by more than 800 tenants.
Projects
Master-planned
Portfolio value (SAR)
Tenants
A member of ABG Holding.
Capital stability
A diversified group balance sheet behind every long-horizon commitment.
Development expertise
Shared construction and delivery capability across the group.
Long-term horizon
Patient ownership that measures returns in decades, not quarters.
Our income lives in Ajyal Alworoud.
Ajyal Alworoud is wholly owned by Alworoud and is the platform which operates the Group’s income-generating real estate portfolio across the Kingdom.
Partner with a developer that thinks in decades.
Speak with our investment team about capital, leasing, or a long-term asset-management relationship.