SEDCO Holding acquires 25% stake in Tamasuk from Al Blagha Group to strengthen infrastructure investments in Saudi Arabia
SEDCO Holding, a leading Saudi investment company, has announced the acquisition of a 25% stake in Tamasuk Holding Company from Al Blagha Group (ABG), marking its first investment in Saudi Arabia’s infrastructure sector.
Tamasuk, a wholly owned subsidiary of Al Blagha Group, is known for delivering sustainable and transformative infrastructure projects across Saudi Arabia and the wider MENA region. The agreement represents a significant milestone for SEDCO Holding as it expands and diversifies its real assets portfolio across various sectors and geographies.
With SAR 4 billion in active infrastructure projects, Tamasuk plays a pivotal role in advancing the Kingdom’s Vision 2030 infrastructure agenda, which includes over USD 1.3 trillion in planned investments. Through this partnership, Tamasuk aims to accelerate its growth trajectory and strengthen its position as a leading infrastructure investor and developer of choice in the region.
Eng. Rayyan Nagadi, Chief Executive Officer of SEDCO Holding, said:
“Infrastructure investment is central to enabling Saudi Arabia’s Vision 2030, and we are proud to partner with Al Blagha Group to accelerate Tamasuk’s growth as a national champion with a strong sustainability component. SEDCO Holding’s investment in Tamasuk reflects our long-term commitment to investing in sectors vital to the Kingdom’s continued growth and diversification.”
Tamasuk’s portfolio covers strategic, high-impact projects in social and transportation infrastructure, energy, and utilities. Through its subsidiary TOFM (Tamasuk Operations and Facilities Management), the company also manages operations and maintenance services, ensuring long-term performance and value delivery.
Mohammed Al Balwi, Chief Executive Officer of ABG and Chairman of Tamasuk, added:
“This partnership with SEDCO Holding is a strategic alignment of goals, built on a shared commitment to growth and an exciting vision for the future. Their investment and expertise will enable Tamasuk to expand its capabilities and reach new heights.”
Matthew Nathan, Chief Executive Officer of Tamasuk, commented:
“We are excited to welcome SEDCO as a shareholder and partner. This investment enhances our ability to deliver solutions that meet the Kingdom’s infrastructure development goals and positions Tamasuk as the preferred partner for both public and private stakeholders.”
The collaboration reinforces both companies’ commitment to supporting Saudi Arabia’s national infrastructure transformation and advancing sustainable, high-quality projects that drive long-term economic and social impact.
