RIYADH: Independent thinker Omar Henaidy — an engineer by qualification but an entrepreneur at heart — was able to create and grow Taj Holding into a vast business across the Middle East.
Today, the group encompasses brand names such as fashion retailer Beside, medical center Amaly, specialized transportation solutions M, and Mac Aerospace, to name a few.
After studying engineering and obtaining a master’s degree in supply chain management from the University of Missouri in the US, Henaidy spent several years working with international companies and managing a local business in Saudi Arabia.
However, he realized that his passion and aspirations were building something for himself with the assistance of individuals who shared his ideals and the DNA for success.
That is how Taj Holding was born.
“I have always aspired for Taj Holding to be a hub utilized by talented entrepreneurs and international investors to fulfill their dreams and be used as a platform to develop and build for their next step forward,” Henaidy told Arab News.
Expansion plan
Taj Holding currently operates across five main verticals — retail, healthcare, manufacturing, IT and defense.
“Over the past decade, we have put a lot of effort into growing our portfolio in a robust manner, which resulted in an ecosystem of companies that can work together as one unit,” he said.
Given the recent developments in Saudi Arabia, along with Vision 2030, the company is now focused primarily on retail expansion within the fashion and hospitality sectors.
Taj Holding continues to grow its large portfolio by focusing on the sustainability of the firm’s ongoing businesses in addition to starting new joint ventures.
“In Q1 2022, we signed a nine-digit-contract in the defense sector. We are signing a similar contract in Q2. In the healthcare business, we recently partnered with Priory; together, we will be opening our first clinic in Q2 of 2022,” Henaidy revealed.
The holding also…