Al Ajlan Allied Group: Textile Trading and Real Estate

“Al Ajlan Allied Group is divided into two sectors, trading and real estate. Our business is shared equally between trading and real estate,” says Dr Mohammed A. Al-Ajlan, CEO of Ra-yek Real Estate.

“In real estate, we have many companies, one of which is Ra-yek Real Estate. We have developed many projects including Sky Towers and Nakheel Towers. We are working on another project, which will be the Riyadh Towers, and is due to begin construction in 2015 or early 2016 and should be concluded by 2017.
In terms of trading, we have a brand called Richy, which deals with textiles, garments and fabrics. This brand has been developed locally; it is not something that was brought in from abroad. My father founded Alajlan Allied Group in 1957 and we have been working in the fabrics industry since 1965. We created the brand in 2003. I believe that in this era without a brand you cannot succeed. A product is made in a mini factory but the brand is made in the customers’ minds. We spent a lot of time and money, investing in creating this brand to compete in the market. Now, Richy is a leader in the fabrics market and we are in a good position to develop this brand outside of Saudi Arabia and in the GCC countries. We are also planning to expand the brand even further in the future.”