ABOUT SOMABAY
Founded in 1947, The Olayan Group is a distinguished private, multinational enterprise with diverse commercial and industrial operations across the Middle East. This dynamic group manages an actively curated portfolio of international investments, making it a formidable player on the global stage.
The Group’s commercial endeavors span over 40 companies, primarily headquartered in Saudi Arabia, the birthplace of this enterprise. These companies are leaders in distribution, manufacturing, and services, often collaborating with top-tier multinational or regional partners. Their reach extends beyond Saudi Arabia, impacting other Gulf countries and the broader Middle East region.
With strategic offices in Saudi Arabia, Europe, and the United States, The Olayan Group’s global investment team excels in public and private equities, real estate, fixed-income securities, and other niche assets. This strategic positioning and expertise ensure they remain at the forefront of global investment trends.
Tawfiq Gargour
Founded in 1928 in Jaffa, Palestine, by the visionary Tawfiq Gargour and later joined by his four sons—Nicolas, Habib, John, and Allenby—Tawfiq Gargour & Fils (TGF) has grown into a powerhouse of trade and industry. Starting its journey with the trading of oranges, TGF swiftly expanded its portfolio to include steel, foodstuffs, and products from notable companies like Salzgitter.
A significant milestone in TGF’s history came in 1936, when the company established a pioneering relationship with Mercedes-Benz, importing the first cars in exchange for shiploads of oranges. This partnership marked the beginning of TGF’s transformation into a multi-million-dollar business.
By the 1960s, TGF had expanded its operations globally, setting up shipping and trading companies in over 15 countries across the Middle East, Europe, and as far as Canada. Today, TGF continues to uphold its legacy of excellence, innovation, and strategic partnerships.