The launch of Saudi Economic and Development Company ( SEDCO ) founded by the late Sheikh Salem Ahmed Bin Mahfouz.
Auto World was established in 1981.
Almahmal opens door to first visitor. It has been a landmark of Al-balad in Jeddah until today.
Establishment of Elaf Group in 1996.
Acquires 50 percent ownership interest in Al-Nahdi pharmacy chain. Jumped from 100 pharmacies in 2003 to 1,000 branches in 2016
Since 2004, the appointment of first Chief Executive officer from outside the family to promote the principles of corporate governance. The company still sustains this tradition.
Acquisition of 21.3% of bank Muamalat Indonesia ( BMI ) in Indonesia, the largest Islamic bank in Indonesia.
Launching Red Sea Mall that includes the Headquarters of SEDCO Holding Group and the first hotel of Elaf Group in Jeddah.
SEDCO Holding restructures, and launches SEDCO Development. The firm also obtains a CMA license to create asset manager SEDCO Capital.
The Riyali financial literacy program launches, and is awarded the Makkah Excellence Award for Social Responsibility.