RIYADH, Kingdom of Saudi Arabia, June 17, 2013 /PRNewswire/ --
AAGH is recognised for its social contribution, governance, transparency, size and legacy
Abdullatif Alissa Group Holding Company (AAGH) the pioneer of automotive sales, service, financing and leasing in the Kingdom of Saudi Arabia has been ranked 10th of the 'Top 100 Making an Impact in the Arab World' by Forbes. Forbes is one of the world's leading providers of reliable business news and financial information. The Forbes survey looked at unlisted, private companies across the Arab World, with a particular focus on those companies seen to be contributing to social development, charities and charitable work and to companies adjudged to be supporting economic growth in their home countries and the wider region.
The criteria for the ranking included transparency in financial information in terms of operations and business results, quality of sustainable CSR programs, global presence and size, the number of years of trading, social interactivity, charitable initiatives and the size of the CSR and overall expenditures.
Since AAGH's inception by the late Sheikh Abdullatif Al Issa in the 1940's the Company has evolved substantially from its original focus in textiles and food stuff trading. Today AAGH is a diversified conglomerate with annual revenue exceeding SAR 4 billion and around 3,000 employees. As well as importing world-class motor vehicles into the Kingdom of Saudi Arabia, AAGH also incorporates servicing, financing and leasing services and has further diversified its investments and business development activities within the industrial and real estate sectors.
Nasser Al-Qahtani, CEO of AAGH, said:
"We are honoured to be ranked 10th among 'Top 100 Making an Impact in the Arab World' by Forbes. At AAGH we constantly develop our service offering and our organizational culture. We promote accountability, responsibility, transparency and strive to ensure that all our people work in a cohesive, efficient and ethical manner toward a shared goal."
He added: "I would like to thank the members of our senior management for their hard work and their visionary leadershipas well as our employees for their dedication and on-going commitment to further improving the performance of our company."
AAGH's corporate governance framework creates clear lines to direct the Group's general policies. In addition, AAGH works closely with the Government's Human Resources Development Fund to constantly improve its Saudisation quota.
About Abdullatif Alissa Group Holding Company (AAGH)
The Abdullatif Alissa Group Holding Company is a diversified conglomerate employing around 3,000 people across the group with annual revenues of SAR 4 billion. Abdullatif Alissa Group Holding Company imports leading brand motor-vehicles into the Kingdom of Saudi Arabia, as well as providing servicing, financing and facilitating leasing services. The Company also has an Investment and Business Development Division providing corporate finance and investment solutions. The Company's vision, shared by its 3,000 employees and supported by world class partners, is to be recognised as the benchmark for socially-responsible and financially successful family-owned conglomerates. Abdullatif Alissa Group Holding today operates:
- National General Automotive Company (NAT)
- Abdullatif Alissa Automotive Company (AACO)
- Alissa Universal Motors (AUM)
- General Automotive Company (GACO) AutoStar
- Al Yusr Installment Company
- Best Rent a Car
- The Real Estates Investment Division
- The Investment & Business Development Division
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SOURCE Abdullatif Alissa Group Holding Company