Every chapter has carried us forward, enabling us to imagine more and reach higher. Today, we do not simply welcome a new year, but we continue our journey with confidence for the next fifty years ahead.
As we honor this legacy started by our founder, the late Sheikh Salem Binmahfouz ("may Allah have mercy on his soul"), we also embrace the future. We have successfully evolved into an Active Strategic Financial Investor, a model that empowers our portfolio companies with greater autonomy while we sharpen our focus on governance and capital allocation. This strategic maturity allows us to begin our next 50 years with a bold step toward greater synergy in achieving our strategic goals.
2025 was a year of strategic wins and achievements that strengthened our portfolio and reputation. These include the massive expansion of SEDCO Capital’s projects, the strategic deal to acquire 25٪ in Tamasuk, securing CMA approval for the listing of Al-Andalus Education, successfully completing the merger of our stake in Red Sea Mall with Dallah and acquiring 11.5٪ stake in Baraya Extended Care. In addition, we have strengthened our governance framework, policies and procedures to align with global best practices. We are on the path of sustainable growth, solidifying our position as a partner of choice in the Kingdom.
On behalf of our shareholders and Board of Directors, I thank the Custodian of the Two Holy Mosques; King Salman bin Abdulaziz Al Saud, The Crown Prince and Prime Minister; HRH Prince Mohammed bin Salman bin Abdulaziz and all government ministers for their counsel and guidance. I also gratefully acknowledge our executive team for their initiative and diligence as we explore new opportunities in line with our values that are in alignment with Vision 2030.
As we enter 2026, We affirm our commitment to our core values and institutional stability, while remaining diligent in adapting with market challenges. I look forward to celebrating SEDCO Holding’s 50th anniversary with all of you as we realize our Shared Horizons.
Yaser Binmahfouz
Executive Chairman