EXEED appoints Al Ghurair Investment as Exclusive Distributors in KSA - Middle East News 247
January 24, 2025
NEWS DESK

EXEED appoints Al Ghurair Investment as Exclusive Distributors in KSA

Al Ghurair Investment, one of the largest diversified family business groups in the Middle East, is proud to announce its partnership with EXEED Automobile Company as the automotive brand’s exclusive distributor in the Kingdom of Saudi Arabia (KSA). The partnership expands Al Ghurair’s footprint in the GCC automotive sector, following its selection as EXEED’s exclusive distributor in the UAE in 2023.

The exclusive partnership was commemorated with a signing ceremony between Al Ghurair Investments and the premium automotive brand at EXEED headquarters in Wuhu, China on 23rd  January 2025. In attendance were senior leadership teams from both entities, including Saif Al Ghurair, Non-Executive Board Director, John Iossifidis, Group CEO of Al Ghurair Investment, Oscar Rivoli, CEO of Al Ghurair Motors, Mr. Qin, Vice President of EXEED International, and Mr. Kyle Chen, Country Director at EXEED KSA. 

Commenting on the partnership, John Iossifidis, Group CEO of Al Ghurair Investment, said: “This partnership with EXEED marks a pivotal step in our strategic growth across the Middle East. At Al Ghurair Investment, we are dedicated to delivering exceptional quality and innovative solutions that align with the dynamic needs of our customers. EXEED’s vision and dedication to redefining mobility resonate deeply with our values. Together, we aim to bring cutting-edge vehicles and unparalleled service experiences to KSA, setting a new benchmark for the automotive market in the region.”

The partnership underscores Al Ghurair Investment and EXEED’s commitment to delivering superior driving experiences in the Kingdom. Al Ghurair Investment’s extensive experience in the regional automotive sector will play a pivotal role in enhancing EXEED’s market presence, seamlessly combining high-performance, innovative technologies and sophisticated designs to offer discerning KSA drivers premium SUVs.

Furthermore, Al Ghurair Investment and EXEED will also enter the region’s sustainable mobility segment with the launch of electric vehicles (EV) and hybrid models in 2025, including the highly anticipated EXLANTIX ET and ES EV models, along with the sleek RX PHEV hybrid SUV. The partnership aligns with Saudi Arabia’s Vision 2030 and Net Zero agenda, supporting government efforts to shift towards eco-friendly automotive solutions and reinforcing EXEED’s position as a leader in future-ready mobility brand.

On this occasion, Oscar Rivoli, Chief Executive Officer of Al Ghurair Motors, commented: “The collaboration with EXEED reflects our commitment to elevating the automotive experience for our customers. By combining Al Ghurair expertise in the region with EXEED’s innovation and design, we are excited to introduce a premium line-up of vehicles that cater to the modern driver’s needs. This partnership not only strengthens our position in KSA market, but also reinforces our shared vision for sustainable and customer-focused automotive solutions.”

In KSA, Al Ghurair Investment will manage EXEED through its latest venture – Arabian Heritage Motors – combining its local expertise with EXEED’s forward-thinking vision to elevate driving experiences in the Kingdom.

Looking ahead, EXEED and Al Ghurair investment plan to expand their footprint across Saudi Arabia and the UAE, with a number of new showrooms slated to open in 2025. These state-of-the-art facilities will offer a seamless customer experience, showcasing EXEED’s innovative designs and technology, while reaffirming the brand’s presence as a leading premium automotive provider in the region.

Last Updated on 12 hours by News Desk 1

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