On October 19, 2026, Mr. Ding Bingyan, Independent Director of CHINAMEX, Director of Sino-Arab International Investment, and General Manager of Dragon Holdings, held talks in Dammam with Mr. Tariq Al-Tamimi, Chairman of Tamimi Group, and Mr. Abdul Muhsen Alrashed, Chairman of Al Rashed Group.

During the talks, Mr. Ding briefed the two groups on the progress of bringing China's quality industrial resources and supply chain platforms in building materials, home furnishing, industrial products, and energy to the Middle East, and the cooperation on their localization. The chairmen of both groups expressed strong interest in cooperation, hoping to work with Dragon to launch in-depth collaboration with relevant Chinese industrial chains and supply chain platforms, integrate the advantages of all parties, and jointly advance the landing and development of related businesses in the Saudi and broader Middle East markets.

Founded in 1942 and headquartered in Dammam, Saudi Arabia, Tamimi Group is one of the Kingdom's largest diversified family-owned conglomerates, with businesses spanning energy, industrial manufacturing, engineering and construction, trading and distribution, retail, logistics, real estate, and investment. Al Rashed Group is a well-known Saudi integrated conglomerate, with businesses covering building materials, industrial products, engineering and construction, real estate, and investment. Both Tamimi Group and Al Rashed Group hold extensive industrial and market resources in Saudi Arabia and across the Middle East.