Latest news with #RawabiHolding
Bloomberg
22-07-2025
- Business
- Bloomberg
Saudi Arabia's Rawabi Taps Alvarez & Marsal for Strategic Review
Saudi Arabia's Rawabi Holding, a sprawling conglomerate with interests spanning energy, industrial services and real estate, is working with Alvarez & Marsal on a strategic review, according to people familiar with the matter. The advisory firm is assisting Rawabi on options to free up liquidity, the people said, requesting anonymity to discuss confidential information.
Arab News
12-07-2025
- Business
- Arab News
SAB signs on as mentor in ministry's sustainability program
SAB will mentor a select group of prominent organizations, including Dallah Healthcare Company, Rawabi Holding Company, Middle East Paper Company, and City Cement Company. Saudi Awwal Bank, one of the leading banks in the Kingdom, has announced its participation in the Ministry of Economy and Planning's Sustainability Champions Program. The official signing ceremony took place on May 28 at SAB Tower, marking a key milestone in SAB's commitment to sustainability. The MEP Sustainability Champions Program aims to enhance sustainability performance across key sectors by partnering with organizations that demonstrate leadership and a commitment to sustainable practices. As a mentor in the program, SAB will utilize its extensive experience and resources to support and guide its mentees on their sustainability journeys. As part of its role, SAB will mentor a select group of prominent organizations in the program, including Dallah Healthcare Company, Rawabi Holding Company, Middle East Paper Company, and City Cement Company. This initiative marks the beginning of a collaborative effort to enhance sustainability practices across key sectors and achieve Vision 2030 goals. Tony Cripps, managing director of SAB, said: 'Sustainability is no longer a choice — it's a responsibility. Through our partnership with the MEP Sustainability Champions Program, SAB is taking tangible steps to build the knowledge infrastructure around sustainability and contribute to the Kingdom's goals. We are proud to be part of this forward-looking initiative, which aligns with our environmental, social and governance strategy and our commitment to supporting sustainable economic growth.' The signing ceremony marked the beginning of a strategic collaboration focused on sustainability. Senior executives from SAB and the participating mentees attended the event, emphasizing the shared commitment to advancing sustainability across key sectors. SAB continues to demonstrate its leadership in sustainability through its comprehensive ESG strategy. The bank is actively engaged in various initiatives that foster sustainable economic development in line with Saudi Vision 2030. Through its partnerships with governmental bodies, such as the Ministry of Economy and Planning, SAB plays a key role in driving forward the Kingdom's sustainability aspirations, contributing to long-term, positive environmental and societal impacts.
Trade Arabia
11-05-2025
- Business
- Trade Arabia
Magnom partners with Italy's Rimadesio for Forbes International Tower
Magnom Properties, a subsidiary of Saudi Arabia's Rawabi Holding, has signed a partnership with leading Italian brand, Rimadesio, to bring its sustainable linear and functional designs to the upcoming $1 billion Platinum LEED-certified, lifecycle net-negative carbon commercial Forbes International Tower in Cairo. The milestone contract reflects Magnom Properties' ongoing commitment to integrate innovative designs from sustainable brands into their landmark project, said a statement. Specialising in the creation of systems that redefine interior spaces and sub-divide environments, the renowned Italian design brand, Rimadesio, will bring custom-made wall paneling systems and doors embedded with the latest technical features and materials designed exclusively for the Forbes International Tower. Their use of sustainable materials and technologies aligns with Magnom Properties' core philosophy of powering the tower with innovative energy efficient design and mechanics. 'The Forbes International Tower is not just a state-of-the-art building but a transformative symbol of our hope for a sustainable future where humans can live in harmony with nature. Our creative collaboration with Rimadesio promises to elevate our design ethos through innovative designs embedded with sustainability. Our global collaborations with like-minded brands that share our vision for excellence, innovation and sustainability drive our mission to set benchmarks for the region's built environment,' said Osman Ibrahim, CEO, Rawabi Holding and Vice Chairman, Magnom Properties. 'Our grand vision to create living, breathing spaces where creativity merges with technological sustainability is at the core of our ambitious mission,' stated Maged Marie, CEO, Magnom Properties. 'The design partnership with the award-winning Italian brand Rimadesio marks a crucial step forward as Forbes International Tower slowly takes shape. The synergy created between two like-minded brands will no doubt help in creating an architectural marvel that will soon come to define Egypt's New Administrative Capital.' Davide Malberti, CEO and Founder, Rimadesio, added; 'We excel in creating linear and functional design with an exceptional level of technical competence, driven by our brand's ecological commitment. Our fundamental values, driven by our focus on sustainability and deep awareness about energy consumption, distinguish us in the market. We look forward to our creative partnership with the iconic Forbes International Tower to drive architectural excellence that will bring a new form of luxury to the market, developing new products which will contribute to creating new sustainability standards that enhance the work environment.'
Zawya
07-05-2025
- Business
- Zawya
Magnom Properties partners with Italian brand Rimadesio to incorporate custom made sustainable designs into Forbes International Tower
RELATED TOPICS EGYPT RELATED COMPANIES Rawabi Holding Adrian Smith Rawabi Holding Rimadesio Cairo, Egypt: Magnom Properties, a subsidiary of Saudi Arabia's Rawabi Holding, has signed a partnership with leading Italian brand, Rimadesio, to bring its sustainable linear and functional designs to the upcoming US1 billion Platinum LEED-certified, lifecycle net-negative carbon commercial Forbes International Tower. The milestone contract reflects Magnom Properties' ongoing commitment to integrate innovative designs from sustainable brands into their landmark project. Specializing in the creation of systems that redefine interior spaces and sub-divide environments, the renowned Italian design brand, Rimadesio, will bring custom-made wall paneling systems and doors embedded with the latest technical features and materials designed exclusively for the Forbes International Tower. Their use of sustainable materials and technologies aligns with Magnom Properties' core philosophy of powering the tower with innovative energy efficient design and mechanics. 'The Forbes International Tower is not just a state-of-the-art building but a transformative symbol of our hope for a sustainable future where humans can live in harmony with nature. Our creative collaboration with Rimadesio promises to elevate our design ethos through innovative designs embedded with sustainability. Our global collaborations with like-minded brands that share our vision for excellence, innovation and sustainability drive our mission to set benchmarks for the region's built environment,' said Osman Ibrahim, CEO, Rawabi Holding and Vice Chairman, Magnom Properties. 'Our grand vision to create living, breathing spaces where creativity merges with technological sustainability is at the core of our ambitious mission,' stated Maged Marie, CEO, Magnom Properties. 'The design partnership with the award-winning Italian brand Rimadesio marks a crucial step forward as Forbes International Tower slowly takes shape. The synergy created between two like-minded brands will no doubt help in creating an architectural marvel that will soon come to define Egypt's New Administrative Capital.' Davide Malberti, CEO and Founder, Rimadesio, added; 'We excel in creating linear and functional design with an exceptional level of technical competence, driven by our brand's ecological commitment. Our fundamental values, driven by our focus on sustainability and deep awareness about energy consumption, distinguish us in the market. We look forward to our creative partnership with the iconic Forbes International Tower to drive architectural excellence that will bring a new form of luxury to the market, developing new products which will contribute to creating new sustainability standards that enhance the work environment.' Established in 1956, Rimadesio is a 'Made in Italy' brand known for producing partitioning systems for interior spaces and design furniture, designed by architect Giuseppe Bavuso. From the production of solar energy through photovoltaic panels to the use of recyclable aluminum and glass and water-soluble paints, to the total elimination of polystyrene, replaced with recycled and recyclable cardboard, Rimadesio follows rigid sustainability criteria across their design process. As part of their collaboration with Forbes International Tower, Rimadesio will integrate their custom-made design solutions including the Modulor system of equipped wall panelling and Moon, their flexible coplanar door, offering aesthetical value that will elevate the building's overall design ethos. Distributed in 90 countries around the world, Rimadesio's noteworthy projects include Mandarin Oriental Hotel, Milano, Royal Pavilion, Shanghai, Bvlgari Resort, Dubai among others. Designed by renowned architecture firm, Adrian Smith + Gordon Gill (AS+GG) Architecture, the Forbes International Tower coming up in Egypt, Saudi Arabia and the United Arab Emirates, aims to set a benchmark for decarbonising real estate in the MENA region. The futuristic tower integrates cutting edge green design to push the boundaries of modern construction to be at the forefront of the sustainable design movement in the region and beyond. About Magnom Properties Transcending physical borders, Magnom Properties, a subsidiary of Rawabi Holding Group, established in 2021, is setting new benchmarks as part of its pioneering role in redefining the real estate sector by overseeing the construction of high-value commercial, residential and lifestyle projects in KSA, Egypt and the wider MENA region. The company is focusing on creating dynamic environments and developments, which will cater to the rapidly evolving lifestyles, aspirations of businesses and industries for future generations. To ensure that the core values of quality, reliability and sustainability are followed across all future projects with Platinum LEED certification, Magnom Properties is partnering with global experts including world-renowned architects, Adrian Smith, Gordon Gill and Robert Forest, representing their international design firm, Adrian Smith + Gordon Gill Architecture (AS+GG Architecture), to build one of the most sustainable towers worldwide in Egypt's New Administrative Capital (NAC). The Forbes International Tower, a new zero-carbon commercial tower developed in Cairo, Egypt, by Magnom Properties in partnership with Forbes, was awarded the Luxury Commercial Project of the Year by Design Middle East KSA Awards this year. About Rimadesio Founded in 1956, Rimadesio has always been part of the industrial furniture district of Brianza, north of Milan. Technological innovation, design research, environmental awareness are parts of its exclusive vision of the Italian design, resulting in furniture projects and functional partition of spaces. Modular systems for the living room, bookcases, sliding panels, swing doors, walk-in closets and a wider collection of complements: a design concept born from the partnership with Giuseppe Bavuso, the company designer, that results in concrete solutions for contemporary living, ranging from domestic spaces to professional settings and big projects.
ME Construction
25-02-2025
- Business
- ME Construction
Magnom Properties partners with Occhio to light up Forbes International Tower
Construction Magnom Properties partners with Occhio to light up Forbes International Tower By The tower integrates green design to push the boundaries of modern construction to be at the forefront of the sustainable design movement in the region and beyond Magnom Properties, a subsidiary of Saudi Arabia's Rawabi Holding, signed a partnership with German Luxury Lighting Brand, Occhio, to bring its innovative lighting solutions to power the upcoming US $1bn Platinum LEED-certified, lifecycle net-negative carbon commercial Forbes International Tower. Occhio, known for their design and unique lighting quality, will provide an internal lighting solution for the Forbes International Tower coming up in the New Administrative Capital. As Lighting Design Partner for this project, Occhio brings its expertise to underline the vision of modern and inspiring architecture. 'Our business strategy is founded on the cornerstone of strong environmental, social and governance policies. We are dedicated to offering a wholesome sustainable lifestyle that elevates people's lives through our core practices and global partnerships. Occhio's focus on enhancing the well-being of residents through innovative lighting solutions aligns with our vision and we look forward to brightening up many lives with Forbes International Tower,' said, Osman Ibrahim, CEO, Rawabi Holding and Vice Chairman, Magnom Properties. 'Today, we stand at the intersection of innovation, luxury, and elegance, as we celebrate the grand collaboration between Occhio and Forbes International Tower,' said Dr. Maged Marie, CEO, Magnom Properties. 'This partnership marks not just the fusion of cutting-edge design with architectural excellence but also the promise of creating spaces that inspire. Occhio's commitment to craftsmanship and beauty goes beyond illuminating spaces — it's about creating an experience and a sense of wonder. With the $1bn Forbes International Tower, we're taking that experience to new heights through a shared vision to create something truly special.' Dr. Benno Zerlin, CEO, Occhio added, 'We are excited to partner with Magnom Properties on the unique Forbes International Tower that is set to redefine the way buildings are conceptualised. Occhio's commitment to shaping the way people experience light in their living space through innovative design aesthetics and relentless pursuit of perfection synchronises with the design ethos of Forbes International Tower. Our advanced lighting solutions deliver a visually striking and emotionally engaging ambiance. By intelligently replicating the dynamics of natural daylight, Occhio enhances the connection between people and their environment. Ultimately, our mission is to create a new culture of light to enrich people's quality of life –through light, that shapes atmospheres and promotes well-being.' Designed by the architecture firm, Adrian Smith + Gordon Gill (AS+GG) Architecture, the Forbes International Tower coming up in Egypt, Saudi Arabia and the United Arab Emirates, aims to set a benchmark for decarbonising real estate in the MENA region. The tower integrates green design to push the boundaries of modern construction to be at the forefront of the sustainable design movement in the region and beyond.
