Shomoul Holding was founded in 2014 through a strategic vision of a Saudi – Kuwaiti partnership between three prominent companies, Mabanee Company, Al-Fozan Holding, and Alshaya Group. This partnership is based on the extensive experience of partners in the Arab Gulf region and the Middle East. Shomoul is developing two unique projects, The Avenues – Riyadh and The Avenues – Khobar in Saudi Arabia. The Avenues – Riyadh will be one of the largest lifestyle destinations in the Middle East making it an ideal destination for shopping, entertainment, and accommodation in the Kingdom of Saudi Arabia. As for The Avenues – Khobar, it will feature a modern and unique design that reflects the nature of the Eastern Province and will soon become a retail landmark in Al Khobar.
