Founded in 1936 as a small trading company in Shaqra, Saudi Arabia, today Al Jomaih Holding operates across several verticals, including real estate, investments and joint ventures, automotive and equipment, financial services, consumer goods, and energy. In November 2023, a Consortium led by Al Jomaih Energy & Water signed 25-year Power Purchase Agreements with the Saudi Power Procurement Company for Taiba-2 and Qassim-2 CCGT power plants, with an estimated total value of $3.9 billion. The group has the manufacturing rights for PepsiCo’s non-carbonated beverages in Saudi Arabia and is the distributor of GMC, Chevrolet, Cadillac, and GAC vehicles.