In the late 1950’s,an aspiring businessman by the name of Fahad bin Ibrahim Almugaye set his foot into the field of investment and real estate development with a vision to create a trusted business model that could one day become a pillar of strength for the local community.
The mission which was initiated by a father and a husband over 50 years ago finally became Shumou in 2003 as the legacy was passed onto his sons and wife.
Today, the family business continues to thrive in a competitive multi investment landscape while aiming to become a strategic player in the realization of Saudi Vision 2030.
To become the Kingdom’s leading multi investment company with a diverse portfolio of sustainable investments and a strong commitment to the values of social responsibility, integrity and excellence in line with the Saudi Vision 2030.
To unite our long-standing experience, expertise and financial acumen for emerging as the foremost investment partner in the Kingdom that can forge new paths leading towards growth, profitability and advancement for its stakeholders.
- Social Responsibility
Economic development starts at the grassroots. At Shumou, we believe in connecting local communities to endless opportunities because for us, people always come first.
Our corporate culture rests on the tenets of ethical practices, good governance and responsible investing to mitigate risks and drive successful outcomes.
With proactive management, we think and plan ahead of time to cross over hurdles and reach the end goal no matter what it takes.
Taking measures that matter to pave the way to a future you deserve.
Fully compliant internal control mechanisms and a robust professional code of conduct are the torchbearers of Shumou’s Corporate Governance strategy.
We guarantee the inculcation of our core values of social responsibility, integrity and excellence within policies related to operations, disclosure, risk management and compensation to create a system that stands on the foundation of justice.
From the members of the Board of Directors and senior management to the employees that help us prosper, we make certain that all our processes, procedures and behaviours are in absolute compliance with the Corporate Governance framework which has been designed in accordance with the regulations implemented by the Shari’a Supervisory Board and Saudi Capital Market Authority.