Abdullah Al Othaim Investment Co.
Turki Bin Rasheed is a seasoned procurement professional currently serving as a Senior Procurement Specialist at STC Bank since March 2024. Prior to this role, Turki held positions such as Leasing Executive at Cenomi Centers and Operations Manager at Sunset Travel Agency, where responsibilities included financial report reviews, performance evaluations, and the development of operational plans. Turki's earlier experience includes roles as a General Accountant at Al Tayyar Travel Group and Executive Secretary at Application House. Turki began a career in administration as an Admin Support Agent at Saudi Arabian Airlines Ground Services. Turki holds a Bachelor of Science in Finance from Northern Arizona University, complemented by studies in General English Language and Literature at the same institution.
Abdullah Al Othaim Investment Co.
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AOIC is one of the largest shopping mall operators in the Kingdom of Saudi Arabia and is the largest operator in secondary cities. The Company was established as a Saudi closed joint-stock company with a share capital of SAR 1,000,000,000 divided into 100,000,000 Shares with a nominal value of SAR 10 per Share. The Company aims to ensure sustainable operations and attractive profits for its shareholders through the ownership, development, and management of its malls, attracting top local and international brands. The Company offers a diversified range of mall, entertainment, retail, food and beverage, and cinema businesses. Its strategic focus on leadership in untapped areas in the Kingdom equates to the Company’s market leadership in small and medium cities, where its positioning provides a high barrier to competition, with a targeted offering in major cities. The Company benefits from a strong market ecosystem resulting in favorable capital market conditions, in parallel with supportive market dynamics and driven by Vision 2030 economic diversification initiatives. The IPO will provide an important strategic dimension to propel the Company’s growth strategy.