Riyadh, Saudi Arabia – Al Areeb Holding has finalized its acquisition of a strategic 30% stake in Pioneer Landmarks, a leading Saudi engineering consultancy firm.
This transaction follows a Memorandum of Understanding signed in February 2024 and aligns with Al Areeb’s ambitious strategy to strengthen its professional services portfolio across Saudi Arabia and the wider region.
Eng. Ahmed Al-Obaid, Chairman of Al Areeb Holding, emphasized, “This acquisition represents a pivotal step in our investment roadmap, enhancing our integrated solutions offering in Saudi Arabia’s thriving professional services sector.”
Pioneer Landmarks CEO Eng. Tariq Abanmi noted the partnership would unlock new operational capabilities and elevate the firm’s engineering consultancy services.
Yousef Al-Yahya, CEO of Al Areeb Holding, highlighted the transaction’s alignment with the group’s vision to invest in professional services that drive business environment development.
The deal strengthens Al Areeb’s position in Saudi Arabia’s dynamic market, which continues to present substantial growth opportunities in engineering consultancy.
