Abdullah Al-Othaim moves up to rank 65th on Forbes Middle East Top 100 list

Abdullah Al-Othaim Markets Company has advanced 29 places in Forbes Middle East’s annual ranking of the top 100 largest companies in the region in 2021. (Supplied)
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Updated 15 June 2021
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Abdullah Al-Othaim moves up to rank 65th on Forbes Middle East Top 100 list

Abdullah Al-Othaim Markets Company has advanced 29 places in Forbes Middle East’s annual ranking of the top 100 largest companies in the region in 2021. The company ranked 65th among major industrial, financial and economic companies in the Middle East, strengthening its position from last year’s 94th rank.

The company also progressed among other Saudi companies, moving to the 24th place from last year’s 31st. Forbes also raised its estimate of the company’s market value to $3.2 billion for 2021 after it was estimated at $2.2 billion last year.

Board member and CEO of Abdullah Al-Othaim Markets Company Abdul Aziz Abdullah Al-Othaim said: “We’re proud of the continuous selection of the company among the 100 largest companies in the Middle East by Forbes. In light of the excellent customer services offered to customers, we are very optimistic about the promising future of the company and its sustainable growth and success.”

He added: “We managed to achieve high sales rates and excellent market share growth in the previous three years by adopting an aggressive growth strategy, with an increasing number of branches numbering at 257 across the Kingdom, which reflects the company’s eagerness to serve all segments of society and contribute to the economic growth of the Kingdom in line with Vision 2030, under the guidance of my Lord, King Salman and Crown Prince Muhammad bin Salman, may God bless them.”

Al-Othaim believes teamwork is the key to the success of his company. He expressed his gratitude to the company’s employees for their pivotal role in the success achieved over the recent years, and hoped the collaborative efforts continue in the coming period.

The monthly global magazine, Forbes, provides specialized financial and economic reports with close monitoring and analysis of financial statistics, growth, revenues and assets of large companies around the globe. It is published in seven different languages, including an Arabic version issued for the Middle East region.


iCAUR V27 conquers city roads with new energy technology

Updated 23 February 2026
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iCAUR V27 conquers city roads with new energy technology

A media test drive event focused on premium on-road driving was held in Jeddah. On Feb. 5, iCAUR invited representatives from media outlets, including leading automotive outlet Motory, to take part in an in-depth driving experience featuring the all-round hybrid SUV V27 across urban roads and intercity highways.
Guests gathered at Jeddah’s premium landmark, Millionaire Restaurant, where the iCAUR Saudi Arabia team introduced the V27’s design philosophy and key technologies. Open discussions followed, helping members of the media gain a clearer understanding of iCAUR’s brand vision and the V27’s core strengths ahead of the test drive.
The test drive route covered urban roads in Jeddah as well as inter-city highways leading to King Abdullah Economic City, providing an ideal setting to evaluate the V27’s on-road performance across varied conditions. During long-distance highway driving, range and power remain key considerations, and the iCAUR V27 demonstrated solid on-road performance. As the brand’s first mass-production model equipped with the Golden REEV system, the V27 features a dedicated 1.5T range-extender engine with a thermal efficiency of 45.79 percent. It generates 3.71 kWh of electricity per liter of fuel and delivers a combined range of over 1,000 km, effectively addressing long-distance travel concerns.
On city streets with moderate traffic, the V27 impressed with its smooth and quiet ride. The electric motors deliver responsive, linear acceleration, with seamless start-stop performance that keeps driving relaxed even in traffic. Once on open intercity highways, pressing the accelerator fully unleashes 455 hp from the dual motors, propelling the SUV from zero to 100 km/h in about five seconds. Overtaking and lane changes feel effortless, with no hint of lag at any point.
Even more impressive, this five-meter-long SUV, with a chassis tuned by the internationally renowned racing team Prodive and equipped with an intelligent all-wheel drive system, maintained precise handling at high-speed corners. The steering felt responsive and refined, while the suspension offered solid support, completely defying the typical perception of large SUVs as cumbersome. “I didn’t expect such a large SUV to handle so nimbly — it was enjoyable to drive from start to finish,” one media guest remarked after the test drive. “The intelligent cockpit exceeded all expectations, making long-distance driving both comfortable and enjoyable!”
During the test drive, several media representatives praised the V27’s Stellar Cockpit. The 15.4-inch 3K HD touchscreen delivers crisp, detailed visuals, while the smart infotainment system powered by the 8155 chip ensures smooth operation comparable to a premium tablet, with seamless swiping and no lag. Meanwhile, a temperature-controlled armrest compartment, along with ventilated and heated seats precisely calibrated to the driver’s comfort, kept the driving experience enjoyable throughout the long-distance journey.
Previous test drives at Riyadh’s Edge of the World demonstrated the V27’s off-road capabilities under challenging conditions. The Jeddah media test drive, however, offered a first-hand experience of the V27’s impressive performance in city commuting and intercity highway scenarios. It not only overcomes the typical trade-off between power and range found in conventional new energy vehicles but also seamlessly combines intelligent technology with precise handling, meeting the key expectations of Saudi drivers for on-road performance.
As a model tailored for the Middle East market, the iCAUR V27 made its global debut in the UAE on Feb. 8, followed by a launch in Bahrain on Feb. 10. The arrival of the V27 is expected to bring fresh energy and new possibilities to the region’s premium new energy mobility segment.