In 1954 the brothers Abdulmohsin and Mutlaq Almutlaq decided to establish a business together trading construction materials. The real breakthrough came in the area of furniture, when they founded the first company retailing furnishings nationwide in Saudi Arabia’s many cities under the name Almutlaq Furniture.
The partners were able to expand and develop the company’s business from the retail sector into real estate, industry and investment. This enabled them to form a sound economic entity under the name Almutlaq Group, which encompasses numerous holdings in diverse sectors.
To ensure that a better future for achieving sustained growth was reached, the partners transformed the enterprise into a closed joint-stock company comprising all family members. Today the second and third generation contribute towards continuing the path of success.