Exhumed early rift alluvial fan and braided fluvial fan systems are rare and consequently understanding facies distribution, stratal architecture, reservoir connectivity, and controls on stratigraphic development of these systems is quite difficult. The outcrops of early Oligocene to early Miocene Al Wajh Formation in the Red Sea region of Saudi Arabia provide an opportunity to investigate the depositional architecture and reservoir potential of an early rift alluvial to fluvial system. Eleven lithofacies (F1-F11) and four facies associations (alluvial fan facies association (FA1), braided fluvial fan facies association (FA2), floodplain facies association (FA3) and delta front facies association (FA4)) are identified in four subbasins (Maqna 1–2, Sukk and Ifal), suggesting deposition in an alluvial-braided fluvial fan system. FA1 (36–100%) and FA4 (9–13%) have higher relative proportion and widely distributed in the northern subbasins (Sukk and Ifal subbasins) while the relative proportion of FA2 (50–82%) and FA3 (18%) increases towards southern subbasins (Maqna-1 and Maqna-2 subbasins). Distribution of facies associations, relative reduction in the clast diameter, and general southward paleoflow direction suggest that the northern subbasins (Sukk and Ifal) represent the proximal settings and southern subbasins represent medial (Maqna-1 subbasin) and distal settings (Maqna-2 subbasin) of a large alluvial-braided fluvial fan environment. Stratal architecture of proximal conglomeratic channel deposits highlight that despite reasonable thickness and spatial connectivity (several meters), these deposits may have marginal reservoir quality because of poor sorting and high matrix content. Sandstone beds occurring in medial settings have a higher potential to act as hydrocarbon reservoirs by displaying excellent reservoir properties on the account of their significant thickness (up to few meters), coarse grain sizes, better sorting, considerable spatial connectivity (10s of meters) and lower proportion of interbedded mudstone.