Saad Anwar: The Youngest Foreign Investor in Saudi Arabia
Young entrepreneurs are ushering in a new era in the Saudi investment sector, largely due to the policy reforms of the Vision 2030 plan. This bold initiative has shifted the economy from oil dependence to a diversified, innovative, and technologically advanced landscape. Startups in finance, e-commerce, and renewable energy are thriving as entry barriers fall. These young business leaders are attracting foreign investors and fostering an entrepreneurial culture through improved access to finance, mentorship, and a global network. The synergy of governmental changes and entrepreneurial enthusiasm promises a prosperous, sustainable future for Saudi Arabia’s economy.
Saad Anwar stands out among foreign investors in Saudi Arabia. Born on March 19, 1998, in Lucknow, India, Saad has become one of the country’s youngest foreign investors. From humble beginnings, the co-founder and CEO of Senyar Arabian Trading Company and European Segment Company symbolizes perseverance and efficiency. Featured in Business Outreach Magazine’s “Business Leaders of the Year 2023,” Saad Anwar’s story is both inspiring and educational.
Senyar Arabian Trading Company was established in March 2018 by Saad Anwar, Shahzad Latif, and Husnain Akbar. Saad’s business journey began in 2016 when he started working after finishing high school to support his family. His first job as a customer relations executive soon felt unsatisfactory, but his determination remained strong. Despite the challenges of starting Senyar, Saad took on front-end management, financial control, planning, and growth tasks. Shahzad and Husnain, handling the back-end, contributed to the company’s rapid growth.
As Saudi Arabian policy evolved, Saad Anwar and his partners seized the opportunity to establish Senyar Arabian Trading Company. Changes in business ownership laws in October 2021 allowed foreigners to establish enterprises under their names. This policy shift significantly benefited Saad Anwar and his partners. In July 2022, Saad Anwar and Shahzad Latif acquired Senyar Arabian Trading Co., solidifying their status as foreign investors in Saudi Arabia.
At 24, Saad Anwar is one of the youngest foreign investors in the nation. In 2021, he acquired the European Segment firm in Slovakia, bolstering his international investments. Besides business, Saad has a passion for cars, owning Porsche and BMW, reflecting his wealth and interest in automobiles.
As his businesses grew, Saad Anwar became more involved in charity and community service. He founded an investment firm to support small and medium-sized enterprises, recognizing the need for development assistance. Saad Anwar used his experience and resources to invest in local businesses, encouraging entrepreneurial ambitions.
Self-made millionaire Saad Anwar is known for his hard work, strategic risks, and a bit of luck. He built a billion-dollar international firm from scratch. Saad Anwar’s journey demonstrates the tenacity, humility, and growth mindset required for entrepreneurship.
Despite his success, Saad Anwar remains benevolent and humble. Colleagues praise his friendliness and the family atmosphere he fosters at work. Saad Anwar motivates employees to push beyond their limits and sees challenges as opportunities rather than obstacles.
Saad Anwar’s investments and entrepreneurial spirit have wide-reaching impacts. He has significantly contributed to the Saudi economy, created jobs, and set an example for young entrepreneurs worldwide. Saad Anwar’s career offers a compelling roadmap for navigating the international business landscape with relentless drive and ethics rooted in hard work and honesty. As he continues to grow his business, Saad Anwar is a name to watch, influencing industries and inspiring the next generation of entrepreneurs.
