E.A. Juffali & Brothers denies reports of relocating operations outside Saudi Arabia

E.A. Juffali & Brothers Group has issued a formal statement categorically denying recent reports suggesting that the company intends to relocate its operations or headquarters outside of Saudi Arabia. The conglomerate, which has been a fixture in the Kingdom's industrial landscape since 1936, described the rumors circulating on social media and various news outlets as entirely false.

In its statement, the Group emphasized that its headquarters, core operations, and primary investments remain firmly rooted in Saudi Arabia. The company reaffirmed its long-standing commitment to the Kingdom’s economic development, noting that its business strategy remains aligned with the goals of Saudi Vision 2030. The Group further clarified that its Chairman, Khaled Ahmed Juffali, has not issued any statements regarding a potential relocation, labeling any such remarks attributed to him as fabricated.

Founded over eight decades ago, E.A. Juffali & Brothers has grown into one of the most prominent business entities in the region. The company stated that it reserves the right to pursue legal action against any parties found to be deliberately disseminating misinformation about its operations. The Group has urged the public and media organizations to rely exclusively on its official communication channels for verified information regarding its corporate activities.