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Hassan Abbas Sharbatly Foundation

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Partners of Success

AlNahla Group History

History

The Sharbatly family is one of Saudi Arabia’s oldest and the foremost families in trade & business.  The family, based in Jeddah, has been an integral partner in the development of the country since 1930s. The late Sheikh Hassan Abbas Sharbatly, the family business founder, played a pivotal role since the early economic development of modern Kingdom of Saudi Arabia during the pre-oil era.  Further, he made vast charitable contributions during his life in support of education, culture, social development and in alleviating poverty.  This role led His Majesty the late King Abdulaziz Al Saud, the founder of the Kingdom of Saudi Arabia, to bestow in 1934 upon Sheikh Hassan Sharbatly the title of “His Excellency” as well as the title of Minister of State without Portfolio. Such status was the first of its kind in the Kingdom.  In post-oil era Sheikh Hassan was also the founder of many leading institutions like Riyad Bank and Saudi Arabian Refineries Company (SARCO). He also left behind a portfolio of companies concentrated in real estate, automotive and trading sector.

 

Present

The Sharbatly family, today, consolidates their investments under the umbrella of AlNahla Group. AlNahla established it’s headquarter in Jeddah, Saudi Arabia and has substantial investments across the MENA region. Alnahla group includes a number of operating companies such as: SAMACO, Fast, Jeddah Holding and Smile Telecom and is represented on the board of number public of companies such as Riyad Bank and Ettihad Atheeb Telecommunication Co.