News & Articles
CORPORATE ARTICLES
SNASCO Holding Rebranding
“Today, we’re rolling out a new brand identity which aims to better express SNASCO Holding.
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
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.
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.
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.
