Alareeb Holding Acquires 80% Stake in Future Integrated Management (FIM)

Alareeb Holding Company has acquired an 80% majority stake in Future Integrated Management (FIM), a company specialized in providing administrative solutions and consulting services.

This move reflects Alareeb’s strategic direction to expand its business scope and strengthen its presence in the services sector.

The acquisition event was held in Riyadh, Saudi Arabia, and was attended by Ahmed Obaid, Chairman of Alareeb Holding, and Mosaid Altammami, CEO of FIM.

Executives’ Statements

Commenting on the deal, Ahmed Obaid stated:

“This acquisition is part of our vision to reinforce our presence in the services sector and offer advanced administrative solutions that contribute to improving corporate efficiency and supporting developmental goals.”

For his part, Musaad Al-Tamami expressed his optimism about the upcoming phase, saying:

“We are pleased to joinAlareeb Holding Group and believe that this partnership will enable us to expand our range of services and deliver added value to our clients by enhancing institutional performance with high efficiency.”

This step underscores Alareeb Holding’s commitment to diversifying its investments and driving innovation in administrative solutions and corporate governance, in alignment with the Kingdom’s growth and institutional transformation goals.

Source: EntArabi