Our Story
Our heritage shapes a better future for our investment
SNASCO Holding belongs to the Al-Sorayai family, a well renowned name in Saudi Arabia and the GCC.
The Al-Sorayai family was firstly known for its Al-Sorayai Flooring Factory -founded in 1953. Up to today, this industrial company supplies the Saudi market and also exports to any countries across the world. As the highly successful business it is, the company has been public listed on Tadawul market in 2010. The IPO (Initial Public Offering) was led by Mr. Saleh Al-Sorayai – who at the time was Al-Sorayai’s Flooring Factory CEO.
SNASCO Journey
The entrepreneurial character of Mr. Saleh made him identify business opportunities in new areas and start investing on real estate in 2002, setting the first piece of what now is SNASCO Holding.
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Today, 18 years since its inception, SNASCO has become a very prosperous Holding, owning several thriving companies, acting in several different geographies, with interests in several business areas and supporting many loyal collaborators and partners.
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SNASCO Holding is still a family owned business, and the leadership of Mr. Saleh Al-Sorayai (Chairman) is now complemented by his sons (Talal, Nasser, Abdullah and Sultan).
Each of the four brothers is nowadays at the helm of a business area/company within the group, working in harmonizing ways and following the same business ethics and work principles defined since the company’s inception by Mr. Saleh Al-Sorayai.
Our Principles
Vision
To be the most reliable and trustworthy business development structure in the markets where we operate with full transparency and high standard services.
Mission
To be a leading Investment Company, acting locally and internationally while having a global view of business. To build bridges between unexpected business partners, creating sustainable value for all stakeholders.
Values
What we do?
SNASCO is a holding company who owns several companies (subsidiaries),
in different business areas.
Being a parent company
we harmonize and transfer common policies to/and amongst the companies in our portfolio. We control the subsidiaries policies and oversee management decisions.
Providing strategic orientation
We make sure the subsidiaries are operationally active, providing strategic orientation, coordination, internal organization and controlling, as well as the definition of corporate goals.
Identifying new business opportunities
This acknowledges a broader perspective of the market; seeing the big picture rather than concentrating on the detail, which is extremely important when identifying new business opportunities and partners.
Steering our subsidiaries
Our helicopter view of the business allows us to steer our subsidiaries into new ventures and in the creation of new ventures and synergies with other public and private entities.
SNASCO Milestones
SNASCO Holding is a prominent investment company, founded in 2002, with headquarters in Jeddah (Saudi Arabia), and offices in Dubai (UAE).
Our operation goes further the MENA region, where we have diverse business interests and manage a diversified portfolio of businesses in retail, financial services, technology and asset management. SNASCO Holding objective is to build responsible and sustainable investments that comply with global standards and adhere to social responsibility. Our ingenuity, proactivity and commitment are built in the company’s DNA and fostered by our human capital.
WE INVEST AND OWN SEVERAL COMPANIES, WHICH OPERATE PARTICULARLY IN
CORPORATE ARTICLES
SNASCO Holding Rebranding
“Today, we’re rolling out a new brand identity which aims to better express SNASCO Holding.
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The world has changed quite a bit since the moment of our foundation and so did the business environment. 2002 sounds like a long way in the past and for sure is. These last 18 years were a successful journey for us. We grew, matured, invested in human capital and fetched dividends to our shareholders.
23 March 2020 4:24 PM
CORPORATE ARTICLES
SNASCO Holding Expands throughout MENA
SNASCO Holding belongs to the Al-Sorayai family, a well renowned name in Saudi Arabia and the GCC.
The Al-Sorayai family was firstly known for its Al-Sorayai Flooring Factory -founded in 1953. Up to today, this industrial company supplies the Saudi market and also exports to any countries across the world. As the highly successful business it is, the company has been public listed on Tadawul market in 2010.
23 March 2020 4:24 PM
CORPORATE ARTICLES
Under the Vision 2030 Strategy
Saudi Arabia real estate reform ‘on the right track,’ housing minister tells conference , Financial Sector Conference is designed to showcase Saudi Arabia’s finance industry to a world audience The most eye-catching was a plan by the Saudi Real Estate Refinance Company (SRC) “Over 16 government agencies support the housing sector to achieve Saudi Vision objectives, to increase property ownership among Saudis to 70 percent by 2030,” he said.
23 March 2020 4:24 PM
Contact us
SNASCO continues to flourish by investing in creative, practical and modern investments,and strategic partnerships while adhering to regional cultural values.Enjoying a solid reputation, SNASCO is operating in the Kingdom of Jordan, Algeria and other countries, In Addition to a huge number of Contributions and various investments all over the world.
Email:
Website:
KINGDOM OF SAUDI ARABIA
HEAD OFFICE – JEDDAH
P.O.Box: 112919, Jeddah 2137
Tel.: +966 2 692 96 66
Fax: +966 2 692 75 85
UNITED ARAB EMIRATES
SHARJAH
P.O.Box: 32595 Sharjah
Tel.: +971 6 575 11 75
Fax: +971 6 575 11 57