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Shamiekh Holding Group

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Al Bayan Holding Group Limited
مجموعة البيان القابضة
Company typeConglomerate
Founded1980; 44 years ago (1980)
Headquarters
Riyadh
,
Saudi Arabia
Area served
Saudi Arabia Kuwait
Key people
Dr. Abdul Rahman Obeid Abdulrahman Al Hammad, Co-Owner (24.5%),[1] (CEO)

Nasser Al Hammad (Co-Owner)

Sultan Al Hammad (Co-Owner)
Websitewww.albayan.com.sa

Al Bayan Holding Group (Template:Lang-ar) is a business conglomorate based in Riyadh, Saudi Arabia, and in Kuwait City, Kuwait.[2] Its subsidiaries provide services including real estate development and management, information and telecommunications, printing and packaging, logistics, and supply and trading.[3]

History

In 2005, Al Bayan Holding Group's Chairman Dr. Abdul Rahman Al Hammad signed a commercial advertising deal with Minister Iyad bin Amin Madani of the Ministry of Culture and Information.[4]

In 2012, Al Hammad was operating 20 companies in Saudi Arabia and in the Gulf Cooperation Council,[5] including Aloula Geojit Company.[6]

In 2012, the administration of King Abdullah Al Saud officially granted Al Bayan Holding Group to organize the annual Al Jenadriyah festival in Riyadh.[7]

In 2013, the then-Governor of Riyadh, Prince Khalid bin Bandar bin Abdulaziz Al Saud, awarded Dr. Al Hammad for the excellent work done by DNGO Contracting Company, one of the entities of Al Bayan Holding Group, for implementing the project of strengthening of water resources in Riyadh.[8]

It became the first Saudi Arabian company to issue an Islamic bond in Malaysian ringgit.[9][10] As part of the 1 billion Malaysian ringgit investment programme, Al Bayan kicked off the deal by pumping 200 million Malaysian ringgit.

In 2014, Hilton Hotels & Resorts signed a deal with Al Bayan Holding Group's Dar Al Bayan Real Estate firm in order to launch a hotel in Jubail, Saudi Arabia.[11]

In 2014, Al Bayan Holding Group signed a $70 million syndicated Islamic term, financing a facility with a group of leading regional and international banks.[12]

In 2015, Al Hammad was appointed as the new Vice Chairman of Saudi Cooperative Societies Council on 22 November 2014[13] by Prince Saud bin Salman bin Abdulaziz al Saud. However, the incumbency of Dr. Al Hammad's position is disputed after the 2017 crisis when Malaysia's RAM suspended Al Bayan Holding Group's ratings.

In 2016, Spain's Telepizza signed off a franchisee deal with Al Bayan Holding Group in order to establish one of three Saudi Arabian branches in Riyadh.

In March 2017, Malaysian RAM Rating Services of RAM Holdings Berhad, Kuala Lumpur suspended the rating of the RM1bil Sukuk Wakalah (2013/2023) issued by Al Bayan Holding Company following the group's failure to meet certain obligations under RAM's rating mandate.[14]

References

  1. ^ "Abdulrahman Obeid Abdulrahman Al Hammad | Saudi Arabia | Decypha". www.decypha.com. Retrieved 21 September 2018.
  2. ^ Technologies, Mano. "Kuwait Local | Bayan Holding Company - Kuwait City". www.kuwaitlocal.com. Retrieved 18 September 2018.
  3. ^ "Al Bayan Holding Group". www.bloomberg.com. Retrieved 16 September 2018.
  4. ^ ""البيان" تحتكر إعلانات التلفزيون السعودي بـ 228 مليون ريال". جريدة الرياض (in Arabic). Retrieved 1 October 2018.
  5. ^ "شركة البيان القابضة تطرح استراتيجيات عمل لمؤسسات القطاع الخاص لتحقيق أهدافها,". archive.aawsat.com. Retrieved 19 September 2018.
  6. ^ "Aloula Geojit". www.aloulageojit.net. Retrieved 21 September 2018.
  7. ^ "خادم الحرمين يكرم "مجموعة البيان القابضة" لرعايتها مهرجان الجنادرية". جريدة الرياض (in Arabic). Retrieved 18 September 2018.
  8. ^ "بمناسبة تكريم سمو أمير الرياض لمجموعة البيان القابضة". www.al-jazirah.com. Retrieved 18 September 2018.
  9. ^ Editorial, Reuters. "Al Bayan issues first ringgit sukuk from Saudi firm". IN. Retrieved 16 September 2018. {{cite news}}: |first= has generic name (help)
  10. ^ "First Saudi firm issues sukuk in Malaysia". Saudigazette. 24 April 2013. Retrieved 17 September 2018.
  11. ^ Net, Hospitality. "Hilton Worldwide Signs First Hilton Hotels & Resorts Property In Al Jubail, Saudi Arabia". Hospitality Net. Retrieved 18 September 2018.
  12. ^ "Al Bayan signs $70m Islamic finance facility". tradearabia.com. Retrieved 16 September 2018.
  13. ^ "Al-Hammad urges creation of more Saudi cooperative societies". Saudigazette. 24 December 2015. Retrieved 18 September 2018.
  14. ^ "RAM Ratings suspends rating of Al Bayan's RM1b Sukuk - Business News | The Star Online". www.thestar.com.my. Retrieved 18 September 2018.
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