RedCarpetLife
1913
In the world today
Abdullah Al Othaim

Abdullah Al Othaim

A. Othaim
-0.01% | - $-0.28M
$2.17 B ₹ 19,769 Cr
Real Time Net Worth #1913 Ranking as of 21 Feb 2026 By Forbes

More on Abdullah Al Othaim

Gender

Male

Age

66Y

Country

Saudi Arabia

Born On

January, 1960

Deceased

No

Relationship Status

Married

Children

Unknown

Education

Unknown

Designation Info :

Self-Made

No

Entrepreneur Type

Inherited (Massively Expanded Family Business)

Primary Organization

Abdullah Al Othaim Markets

Titles

Chairman

Sources of Wealth

Abdullah Al Othaim Markets

Industry

Retail, Real Estate, Food & Beverage

About Abdullah Al Othaim


A bdullah Al Othaim is a prominent Saudi Arabian businessman who chairs the Abdullah Al Othaim Markets, one of the kingdom's largest supermarket chains. The company's origins trace back to a single food store opened by his late father, Saleh Al Othaim, in Riyadh in 1956. Abdullah, along with his brothers, inherited and dramatically expanded this modest family business, transforming it into a publicly traded retail giant with hundreds of stores across Saudi Arabia and Egypt. His leadership has been characterized by strategic expansion and an acute understanding of the Saudi consumer market.

Beyond the core supermarket business, Al Othaim's influence extends into real estate and entertainment through Abdullah Al Othaim Investment Co. (formerly Al Othaim Real Estate and Investment Co.), which develops and operates large-scale shopping malls that often feature his supermarkets as anchor tenants. These malls are community hubs, incorporating entertainment venues and a diverse retail mix. This synergistic business model of combining retail and real estate has been a key driver of the family's success. Abdullah Al Othaim represents a generation of Saudi entrepreneurs who have modernized traditional family businesses into major corporate enterprises, contributing significantly to the kingdom's non-oil economy.

Advertisement

Quick Reads


  • Chairs Abdullah Al Othaim Markets, a leading supermarket chain in Saudi Arabia.
  • The business was founded by his father as a single store in 1956.
  • The company is publicly traded on the Saudi Stock Exchange (Tadawul).
  • He also chairs Abdullah Al Othaim Investment Co., which develops and manages shopping malls.
  • His retail empire has expanded internationally with a significant presence in Egypt.

Early Life and Background


Abdullah bin Saleh Al Othaim was born in Riyadh, Saudi Arabia, around 1960, into a family with deep roots in the kingdom's commercial history. His father, Saleh Ali Al Othaim, was an enterprising merchant who founded a modest retail business selling foodstuffs in Hillat al-Qasman, Riyadh, in the mid-1950s. This early exposure to the grit and honesty of retail commerce was Abdullah's foundational education.

Unlike his peers who may have finished traditional academic paths, Abdullah’s training was intensely practical. After attending Qadisiyah Primary School, he enrolled in a college but ultimately chose to 'drop out' to work full-time alongside his father. This critical decision—prioritizing hands-on business experience over a formal degree—fast-tracked his immersion into the retail world. This dedication paid off when, following his father's death, he inherited capital but was the only one among his brothers to continue and scale the original retail venture, transforming it into a modern empire.

Career Journey of Abdullah Al Othaim


Abdullah Al Othaim's career is a testament to perseverance and a visionary restructuring of a traditional family business. Following his father's passing, he took the modest retail establishment and, in 1980, founded Abdullah Al-Othaim Markets. The initial challenge was transforming a single, local shop into a scalable, modern chain capable of dominating the rapidly growing Saudi market. His commitment to the values of honesty and trustworthiness, inherited from his father, became the brand's core competitive advantage.

The real metamorphosis began in the early 2000s. Al Othaim strategically diversified the company beyond just grocery stores into a massive, integrated retail and real estate conglomerate. In 2008, he successfully listed 'Abdullah Al-Othaim Markets' on the Tadawul (Saudi stock exchange), a pivotal moment that generated the capital for exponential growth. Concurrently, he established 'Al Othaim Real Estate Investment and Development Company', creating a powerful engine that built the malls (Al Othaim Malls) that would house his retail, entertainment, and fashion ventures.

Advertisement

Abdullah Al Othaim's Timeline


Mid-1950s:

Abdullah's father, Saleh Ali Al Othaim, founds a small food retail business in Riyadh.

1980:

Abdullah Al Othaim founds Abdullah Al-Othaim Markets, transforming the family's single store into a company.

2005:

The 'Othaim Real Estate Investment and Development Company' (later AOIC) is established, beginning the expansion into malls and entertainment.

2008:

'Abdullah Al-Othaim Markets' is successfully listed on the Tadawul (Saudi stock exchange), funding massive corporate expansion.

2013:

Expansion extends outside the Kingdom, with the company managing its first entertainment center in Abu Dhabi, UAE.

2019:

Opens 'Snow City' in Egypt and expands entertainment operations to Muscat, Oman, extending regional dominance.

2022:

Approval of the massive 'Al Othaim Konoz project' strategy, a multi-billion riyal mixed-use development in Dammam.

2023:

The 'Abdullah Saleh Al Othaim & Sons Charitable Foundation' is officially launched, formalizing the family's long-standing philanthropy.

Major Business Ventures and Investments


Abdullah Al Othaim’s empire, primarily managed under the umbrella of Al Othaim Holding Company, is one of the Arab world's most successful diversified organizations. His portfolio reflects a focus on catering to the daily needs and leisure aspirations of the Saudi Arabian consumer.

  • Abdullah Al-Othaim Markets Company: This publicly listed company is Saudi Arabia's second-largest centralized retail chain. It specializes in the wholesale and retail trade of food products, operating over 400 supermarkets and hypermarkets in Saudi Arabia and more than 50 stores in Egypt. Its mission, 'Better Life at Lower Costs', underscores its commitment to the mass consumer market.
  • Abdullah Al Othaim Investment Company (AOIC): This is the driving force behind the Group's expansion into commercial and entertainment real estate. AOIC establishes, operates, and manages major commercial complexes, owning and running numerous 'Al Othaim Malls' across the Kingdom. The company actively supports 'Saudi Vision 2030' by developing innovative, multi-use projects, including the massive 'Al Othaim Konoz project' in Riyadh (valued at SAR 7 billion).
  • Entertainment and Leisure: Under AOIC, the Group is a major player in family entertainment, owning multiple venues like 'Saffori Land', 'Action Zone', and 'Faby Land' across the MENA region. They also operate the Noir Cinema brand and have diversified into fashion retail (500+ fashion stores) and hospitality.

Advertisement

Philanthropy and Social Impact


Abdullah Al Othaim’s deeply held commitment to his faith and community is manifest in the 'Abdullah Saleh Al Othaim & Sons Charitable Foundation'. This non-profit organization was launched to ensure that the family's success translates into sustainable, high-impact charitable work, aligned with the principles of the Kingdom's Vision 2030.

The foundation is known for its wide-ranging, structured support initiatives, prioritizing long-term developmental impact over temporary relief. Key philanthropic activities include:

  • 'Sustainable Financial Endowments': Directing attention to 'charitable investment endowments in securities' to ensure the foundation's financial growth and longevity, enabling perpetual support for societal issues.
  • 'Support for Needy Families': Pioneering initiatives like the 'Magnetic Purchasing Cards' and a program offering consumer goods at subsidized prices through Al Othaim Markets, directly benefiting over 100,000 families.
  • The 'Spare Change Donation Program': Launched in 2006 across all Al Othaim Markets branches, this initiative allows customers to donate their spare change to a network of over 15 charities, raising approximately 10 million Saudi Riyals to date.

His efforts have earned him significant recognition, including being the first Arab personality to receive the 'Development Pioneers Medal' from the Arab Parliament in 2022.

Fashion, Style, and Lifestyle


Abdullah Al Othaim’s lifestyle is a careful projection of 'successful, principled Saudi business leadership'. His immense wealth, built on providing essential goods and services to the masses, is generally expressed through the scale of his enterprises and his family's commitment to cultural values, rather than personal flamboyance.

His public image is consistently modest and formal. He is usually seen in the traditional, impeccably tailored Saudi attire, the thobe and ghutra/shemagh. This choice reinforces the values of integrity and tradition that he promises to his customers and partners. His luxury is found in his commercial projects: the multi-billion riyal mall and residential developments (like the 'Al Othaim Konoz project') that redefine urban living in Saudi Arabia. Unlike billionaires focused on superyachts or private islands, Al Othaim’s legacy is written in the steel and glass of the nation’s modern commercial centers and the enduring work of his charitable foundation.

Advertisement

Quotes and Philosophy


“Zakat purifies wealth, while charity grows it.”

“I cannot overlook the importance of the role of suppliers as essential partners in our success, and our customers whom we promise to maintain the honesty and trustworthiness inherited through generations.”

Fun Facts & Trivia


  • Abdullah Al Othaim intentionally 'dropped out of college' to join his father's retail business, prioritizing hands-on experience over a formal degree.
  • He was the first Arab personality to be awarded the 'Development Pioneers Medal' by the Arab Parliament in 2022.
  • His company is known for its major multi-billion riyal mixed-use development, the 'Al Othaim Konoz project' in Dammam.
  • His supermarket chain, Abdullah Al-Othaim Markets, is the second-largest centralized retail chain in Saudi Arabia.
  • The company's 'Spare Change Donation Program', running since 2006, has raised approximately '10 million Saudi Riyals' for charity.
  • Through his charitable foundation, over '2.6 million people' have benefited from his qualitative developmental and relief projects.
  • His Investment Company (AOIC) manages a vast portfolio that includes over 500 fashion stores and more than 55 entertainment venues across the MENA region.

Advertisement

More Profiles


Vinod Rai Gupta

-0.34% | -$14.68M

Nobutada Saji

+0.42% | +$5.84M

You May Like


Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

Sponsored Content