Abdul Aziz Saoud Al-Babtain & Sons Co. was established in 1958. The commercial activity expanded to other commercial fields like electrical and electronic appliances as well as foodstuff and consumer goods.

Any undertaking driven by the desire for achievement and guided by the love of one's country is likely to meet with success, no matter what the odds are. In the case of our Group, we owe it to the Almighty to have been granted countless opportunities to serve Kuwait and its people, and to enrich the region's experience in trade; real estate; investment; banking and insurance; hospitality tourism and travel; industry and many other areas through our contributions in these sectors.

Al-Murjan group is considered one of the leading family companies prominent in commerce, investments, industrial, and development in Saudi Arabia. The group is owned by members of Bin Mahfouz family that was formed in 1994, to participate in the varieties of business interests and opportunities available in Saudi Arabia & the Gulf region which connects them with the world leading companies.

OFID was conceived at the conferences of the Sovereigns and Head of State of member countries, held in Algiers, in 1975. A Solemn Declaration “reaffirmed the natural solidarity which unites OPEC countries with the other developing countries in their struggle to overcome underdevelopment”, and called for measures to strengthen cooperation between these countries. In this spirit, OFID was established in January 1976 by the 13 member countries of OPEC.