The history of Bin Shihon Group is intertwined with the life and achievements of its founder and chairman, Mohammed Bin Shihon. Over the course of a 55-year career as an independent businessman, he served with distinction as an entrepreneur, investor and philanthropist. Under his wiseguidance and leadership, Bin Shihon Group grew to become both a leading diversified enterprise and a major contributor in Saudi national investment.
The story of Mohammed Bin Shihon’s journey begins in the city of Jeddah. For centuries, Jeddah has been the a major center of commerce in Saudi Arabia and the Arabian Peninsula.
With the growth of the oil industry in the Kingdom, the commercial role of Jeddah expanded to provide products and services to the whole of Saudi Arabia, including the booming Eastern Province. Sensing a once-in-a-lifetime opportunity, Bin-Shihon set out on his own in the summer of 1950, establishing a cloth trading business with a loan secured through his personal relations.
Buoyed by success and with his entrepreneurial instincts and drive now in high gear, Bin-Shihon established a series of other trade entities, first expanding into household appliances and later into tires and batteries. Today, the tire division is the largest of the Bin-Shinon Group of companies and is the largest tire dealer in the Kingdom. Through the founder’s vision, Bin-Shihon Group gained its reputation as an astute and prudent investment corporation.
Mohammed Bin-Shihon founds his first business, providing wholesale cloths and related services across the Kingdom. Its imported products meet the needs of major clients, such as Saudi Aramco and its international contractors in the country.
The Household Division is established in downtown Jeddah, providing whole and retail sale of the finest China, glass and across the line items for merchants and families. One of the earliest dealers of such products in the Kingdom, the division has grown to become a Top-5 company in its field.
The Real Estate Division is founded to invest in short and long term land assets, developing some as high class residential and commercial compounds..
The Tire and Battery Division is founded. Today, it represents, among others, Hankook Tire, United Tires, and the BBG Group FZE. With more than 25% market share, Bin-Shihon Group is the largest tire dealer in the Kingdom, as well as the largest agent of Hankook Tires in the world. Bin-Shihon Group, through BBG, is the biggest importer of Hangzhou Rubber Company worldwide. Together Bin-Shihon and BBG represent the biggest tire dealers in the Middle
Al Jisr Land Transport Company is established and meets immediate success. The company fleet is spread over 200 acres of land that was especially developed as a logistic hub. At one time, it delivered 3,000 tons of construction sand daily from Bahrain to the Kingdom.
The Trucks and Machinery Division is founded to meet the growing demand in the contracting and transportation sectors for trucks and heavy equipment. Possessing the largest warehouses in the Middle East, the division has developed into one of the leading truck and machinery suppliers in the region, offering a full range of solutions and services. From its beginning, the BinShihon Group has forged business relationships that bring together ideas, technology, products, services, people and capital, growing steadily over time to become one of Saudi Arabia’s largest privately owned enterprise.