Jeddah-Based Zahrani Group Transitions to RACO Holding, Expanding Business Empire

Riyadh, Saudi Arabia: Jeddah based Zahrani Group, known for its extensive presence in various sectors including retail, hospitality, asset management, transportation, IT, media, entertainment, and fintech, has recently undergone a significant transformation. The group's entities will now be transferred under the holding company RACO, marking a new era for the business empire led by Abdul Rahim Pattarkadavan, a native of Malappuram. This strategic move allows the group to consolidate its operations and streamline its brand identity.

Headquartered in Saudi Arabia, Zahrani Group has established a strong presence not only within the GCC but also across international markets. With this transition, all operations and subsidiaries will fall under the umbrella of RACO Holdings.

One notable milestone for RACO is the acquisition of a license for the first foreign language FM radio, which is set to launch in the near future. This exciting development was announced by RACO CEO Abdurrahman Abdurrahim Pattarkadavan and Chairman Abdurrahman at a special event held at the Jeddah Ritz Carlton, attended by Consul Generals from various countries.

Dignitaries from more than fifteen countries, including Japan, Russia, Korea, China, Turkey, and various GCC nations, participated in the event, highlighting the international significance of RACO's expansion. Furthermore, RACO is actively engaging in new contracts within the energy and hospitality sectors, strengthening its foothold in key industries.

RACO is also set to make a mark in the entertainment sector as it plans to organize two major events this year. This new venture will further diversify the group's portfolio and contribute to the vibrant entertainment landscape.

Abdurrahim Pattarkadavan, a prominent Malayali investor in Saudi Arabia and the first Malayali to own a premium residency, has played a pivotal role in the industrial sector's growth. As CEO of RACO, his leadership skills and achievements have been recognized through numerous awards.

Abdul Rahim's upbringing and education in Saudi Arabia have shaped his expertise and passion for business. Having successfully led Zahrani Group, then known as Cluster Arabia, through an impressive growth trajectory, he now embarks on an exciting new chapter with RACO Holding, driving innovation and expansion in the business realm.

With the transition to RACO Holding, the group aims to leverage its strengths, resources, and vast industry experience to forge ahead in achieving its vision of sustainable growth and excellence in all sectors it operates in.