ArabianBusiness.com - Middle East Business News
Monday, 23 September 2019 14:22 UAE time
 
25#  Osama Ismail Ali Abudawood  - picture not available
25# Osama Ismail Ali Abudawood

Net Worth: US$ 3.1 Billion
Country of Residence: Saudi Arabia
Industry: Retail
Companies: IATCO
« Back to List
 
The Abudawood Group is a diversified international conglomerate incorporating investments in the Middle East, Europe and US, and covering a wide range of sectors including sales and distribution, trading, real estate, financial investments and education.

At its heart is the Ismail Ali Abudawood Trading Company (IATCO), founded in 1935 as a small wholesale business by Mohammed and Ismail Abudawood. It is today one of the largest distribution operations in Saudi and is the Kingdom's leading distributor of fast moving consumer goods (FMCG).

IATCO is the preferred distributor for some of the world's most prestigious companies, including Procter & Gamble, Clorox, Quaker, Ferrero, and Fonterra. Its sophisticated distribution network of 20 warehouse and distribution facilities and a fleet of over 200 modern delivery vans ensure timely delivery to over 20,000 retail outlets in more than 140 cities and rural areas.

Today, Osama Ismail Ali Abudawood is chairman. He took the reins in 2005, upon the death of Ismail after a prolonged illness. Ismail had dominated the Saudi business landscape for more than seven decades, and was the chairman of the Islamic Chamber of Commerce and Industry since its establishment until his death.

Known as the Shahbandar Altujar, or ‘Leader of Businessmen', he had been a prominent player in the economic reforms that have propelled Saudi forwards.
 

 

READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.

Meet The Boss