By Dr. Wadah Al-Saeed
Today we shine the spotlight on one of the most important businessmen in the Kingdom of Saudi Arabia, Saudi businessman Ahmed Hassan Fitaihi . is a jeweler from Jeddah born in 1942. Fitaihi's name in the world of silver goes back to his great-grandfather in Mecca in 1887, as he was forging silver as it was in that period, while in the world of gold and jewelry, his father took the initiative in 1907 to open the first shop bearing the name Fitaihi in the famous goldsmiths" market in the heart of Jeddah.
Ahmed Fitaihi gained experience in the field of gold from the age of six as he stood with his father in the shop, and when he turned twelve he had to leave school to take care of the shop due to his father's illness, and he continued studying the home method until he obtained his high school diploma, In 1962, he traveled for the first time to Italy to bring with him 1 kilo of Italian gold to become the first jeweler to import Italian gold to Saudi Arabia, and in 1965 he established the first Saudi company with limited liability with his father, and in 1970 Ahmed Fitaihi became independent with his work to open the first private store on his own under the name Ahmed Hassan Fitaihi.
In 1984, Ahmed Hassan Fitaihi Company opened the first integrated center with multiple floors managed by one person in the city of Jeddah on the city road, and it was built in an international style under the supervision of a famous European company similar to the Howard's building in London, and it is considered a building at the height of luxury by containing all the requirements of luxury. A building at the height of luxury by containing all the requirements of luxury from gold, jewelry, watches, accessories, perfumes, men's clothes, fabrics and women's clothes, not to mention the specialized jewelry factory that takes care of making any design that the customer sees in his imagination into a reality that satisfies him
Ahmed Hassan Fitaihi's name was recorded in the Guinness Book of Records under the owner of the largest diamond in the world
Ahmed Fitaihi is also known for his regular presence at international auction houses such as Sotheby'sSotheby's and Christie's and owns a number of rare jewels and stones as his personal belongings.
Ahmed Fitaihi is also known for his regular presence at international auction houses such as Sotheby's Christie's.
Day after day, the name "Fitaihi« has become one of the most prominent jewelry brands in the entire Arab world, and each piece of his jewelry tells a story of creative imagination. The story of good taste and luxury.
Ahmed Hassan Fitaihi started in the last phase by following a policy of expanding and diversifying his investments by establishing a number of major companies in the real estate and commercial fields that his group owns .space"> such as «Saduq International Investments Holding Company» with the aim of investing inside and outside the Kingdom, as well as «Mudmak Gulf Real Estate Investment Company» with the aim of real estate investment inside and outside the Kingdom, and the group also acquired 80% of the capital of «Precious Luxury Goods Trading Company Ltd." The company is engaged in the sale and purchase of precious metals, precious stones, jewelry, accessories, antiques, household items and decorative items.
Externally, Fitaihi Holding Group sought to invest strategically in the Egyptian market when it acquired 5% of the capital of the Egyptian Oriental Weavers Company, a joint stock company, and Sheikh Ahmed Fitaihi - in his personal capacity - acquired about 10% of the capital of the Egyptian Construction and Housing Bank, thus becoming the largest individual shareholder in the capital of the bank, one of the most important banking and developmental institutions in Egypt.
Sheikh Ahmed Fitaihi acquired the capital of the Egyptian Development and Housing Bank.
Ftehi Holding Group pioneered a first-of-its-kind offer in the history of the Saudi private sector, distributing 12,000 shares of its shares to Saudis born on Rajab 28, the opening day of the main "Fitaihi Center« in Jeddah (
Ftehi Holding Group
Sheikh Ahmed Hassan Fitaihi, Chairman of the Group, emphasized that "these shares are a confirmation of the family bond between Fitaihi Group and its customers over the past 25 years, and at the same time demonstrates their historical trust in this entity that will remain faithful to this trust placed by its customers in it as a leading company in its products, services and connection with its customers."
Sheikh Ahmed Hassan Fitaihi, Chairman of the Board of Directors.
