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Holding Company
abunayyanholding.com

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Investments

8

Portfolio Exits

1

Partners & Customers

8

About Abunayyan Holding

Abunayyan Holding is a Saudi Arabia-based conglomerate in the power and water business. Founded in 1950 to supply diesel-powered water pumps to farmers, permanently transforming the nation's irrigation methods, the company that began as a family business has blossomed into a portfolio spanning more than a dozen strategic business units that provide integrated solutions for water, power, oil and gas.

Abunayyan Holding Headquarter Location

King Abdulaziz Road Building No. 8915, P.O. Box. 321

Riyadh, 11411,

Saudi Arabia

+966 11 477 9111

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Latest Abunayyan Holding News

Saudi’s Thobi Raises Over $650,000 to Sell Custom-Made Thobes (Clothing For Men) Online

Jul 14, 2020

by MENAbytes source: THEMUSLIMkit Riyadh-based ecommerce platform Thobi has raised over $650,000 (SAR 2.5 million) in a seed round led by Abunayyan Holding's VC arm ABN Ventures, the investor announced in a statement to MENAbytes today. Abunayyan Holding owns and runs different businesses (mainly in power and water sector) across the Middle East and has been very active lately (through ABN Ventures) in the startup ecosystem with 23 investments so far. Founded by Khalid Abanami & Abdulmajeed Alresaini, Thobi sells custom-made thobes (traditional ankle-length, long-sleeved, gownlike garment – usually in white or off white color – worn by men across the Arab world) online. Launched in 2018, the Saudi startup claims to be the first "smart thobe tailer", enabling customers to order custom-made thobe using Thobi's mobile app. The customers have the option to choose from a variety of fabrics, colors, and style types while making their purchase. Thobi in a statement said that its proprietary technology allows its customer to extract their thobe measurements through their mobile phone in a quick and easy manner. Abdulmajeed Alresaini, the co-founder and COO, of Thobi, said, "Our proprietary technology is a result of more than three years of research and development, leveraging advanced image processing and artificial intelligence methods to gain a high degree of measurement accuracy."   "It enables our customers to take their own measurements anytime and anywhere without the need to go to a tailor or have a tailor visit them. The technology is a key driver for our main goal, which is to provide a convenient and instant purchasing experience for tailored thobes," he added. The startup claims to have delivered over 1,000 bespoke thobes across 47 cities, towns, and villages in the Kingdom during the first half of 2020.

Abunayyan Holding Investments

8 Investments

Abunayyan Holding has made 8 investments. Their latest investment was in Thobi as part of their Seed VC on July 7, 2020.

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Abunayyan Holding Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/13/2020

Seed VC

Thobi

$0.67M

Yes

3

2/18/2019

Series A

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$99M

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10

1/16/2019

Series A

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$99M

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10

11/12/2018

Seed VC

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$99M

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10

Other Investors

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0

Date

7/13/2020

2/18/2019

1/16/2019

11/12/2018

Round

Seed VC

Series A

Series A

Seed VC

Other Investors

Company

Thobi

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Amount

$0.67M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

3

10

10

10

0

Abunayyan Holding Portfolio Exits

1 Portfolio Exit

Abunayyan Holding has 1 portfolio exit. Their latest portfolio exit was Munch:on on June 24, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/24/2022

Acquired

$99M

5

Date

6/24/2022

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

5

Abunayyan Holding Partners & Customers

8 Partners and customers

Abunayyan Holding has 8 strategic partners and customers. Abunayyan Holding recently partnered with Eaton on February 2, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

2/19/2020

Partner

Ireland

Eaton and Abunayyan Holding form joint venture to produce and service low- and medium-voltage switchgear in the Middle East

Abunayyan Holding and Eaton will each own 50 percent of the new joint venture , and Abunayyan Holding will consolidate joint venture results .

1

10/27/2017

Partner

Germany

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10

8/10/2017

Partner

Japan

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10

3/31/2014

Partner

Ireland

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10

3/23/2014

Licensor

United States

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10

Date

2/19/2020

10/27/2017

8/10/2017

3/31/2014

3/23/2014

Type

Partner

Partner

Partner

Partner

Licensor

Business Partner

Country

Ireland

Germany

Japan

Ireland

United States

News Snippet

Eaton and Abunayyan Holding form joint venture to produce and service low- and medium-voltage switchgear in the Middle East

Abunayyan Holding and Eaton will each own 50 percent of the new joint venture , and Abunayyan Holding will consolidate joint venture results .

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Sources

1

10

10

10

10

Abunayyan Holding Team

2 Team Members

Abunayyan Holding has 2 team members, including current Chief Investment Officer, Rakan Abunayyan.

Name

Work History

Title

Status

Rakan Abunayyan

Chief Investment Officer

Current

Muntaser Kalahji

Chief Executive Officer

Former

Name

Rakan Abunayyan

Muntaser Kalahji

Work History

Title

Chief Investment Officer

Chief Executive Officer

Status

Current

Former

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