Xenel Industries Company

Name

Xenel Industries Company

Legal name

Xenel

Website

https://xenel.com

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Jeddah

HQ country

Saudi Arabia

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Distribution channels5 records

Marketing channels4 records

Core offering

Xenel Industries Company is a family-owned Saudi Arabian holding company that invests in, develops, and operates a diversified portfolio of businesses across six sectors: logistics (port terminals, bonded zones, bulk transport), healthcare (hospital networks, medical equipment, specialty care), services (urban infrastructure design, IT consulting, hospitality, airport operations and maintenance), power infrastructure (combined cycle gas turbine and wind power plants), industrial (petrochemicals, steel fabrication, building chemicals, scaffolding, cables), and real estate (residential, commercial, mixed-use master-planned communities). Through wholly-owned subsidiaries and strategic joint ventures with global partners such as AECOM, NEC, KEPCO, AMEA Power, and Saudi Ground Services, Xenel deploys capital and operational expertise across 22 current ventures in 15+ countries spanning four continents.

Product overview

Xenel Industries Company is a diversified holding company established in 1973 in Jeddah, Saudi Arabia, with strategic investments across six business sectors: Logistics (RSGT, LogiPoint, SBT, SISCO), Healthcare (Magrabi Health, AMI Saudi Arabia, Anfas Medical Care, Imdad), Services (AECOM Arabia, Sejel Technology, Al Karam, Jusoor Airports), Power Infrastructure (Qatrana, Abour Energy, Sapphire Electric, Hubco), Industrial (Safra, Hidada, Binex, ICC, SSF, NATPET, Saudi Cable Company), and Real Estate (Tamlik, Xentury City). The portfolio includes 22 current ventures across 15+ countries, spanning ports, logistics, healthcare facilities, IT services, energy generation, petrochemical manufacturing, steel fabrication, and real estate development.

Differentiator

Problem solved

Functional benefit

Products and services

• Red Sea Gateway Terminal (RSGT) A container terminal operator at Jeddah Islamic Port providing integrated logistics solutions with 6.2 million TEU annual throughput capacity, the largest container terminal in Saudi Arabia, operating under a 30-year Build-Operate-Transfer agreement. Recently partially acquired with the Saudi sovereign Public Investment Fund (PIF).
• LogiPoint A logistics real estate developer and operator providing bonded zone facilities, warehouses, distribution services, and built-to-suit warehouse solutions with 900,000 m² total land area, founded by SISCO Holding and Xenel.
• Saudi Bulk Transport (SBT) A transport, warehouse, and logistics company operating three divisions: SENDDEX (express transportation), STOREX (warehousing/distribution), and LOGISTEX (integrated logistics) across 46 Saudi locations.
• Sustained Infrastructure Holding Company (SISCO) A publicly listed full-cycle logistics and infrastructure investment company (TASI: 2190) managing seven portfolio companies spanning ports, logistics, and water sectors with over SR 4 billion in AUM.
• Magrabi Health A healthcare network operating 36 hospitals and centers across 5 MENA countries, specializing in eye, ENT, and dentistry care, serving over 2 million patients and performing 200,000+ surgeries annually.
• AMI Saudi Arabia (AMISAL) A healthcare management company providing comprehensive medical operations for Saudi government clients including Ministry of Health, Ministry of Defense, and National Guard, managing 8 hospitals and medical centers with over 2,700 beds.
• Anfas Medical Care Company (AMC)

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

18 partnerships are on record, tiered core, minor and historical.

• Chittagong Port Authority (Bangladesh)coreStrategic or Co-development Partner · 1 January 2022RSGT International and Chittagong Port Authority signed 22-year concession agreement in 2023 for operation of Patenga Container Terminal in Bangladesh on Equip-Operate-Transfer basis.
• Saudi Ground ServicescoreStrategic or Co-development Partner · 1 January 2019Jusoor Airports for Operation & Maintenance established in 2019 as joint venture between Xenel and Saudi Ground Services. Provides O&M for Passenger Boarding Bridges at King Fahd International Airport and King Abdul Aziz International Airport.
• Houston Methodist Global Health Care ServicescoreStrategic or Co-development Partner · 1 January 2019Anfas Medical Care Company operates in collaboration with Houston Methodist Global Health Care Services for its 162-bed long-term pulmonary care facility in Riyadh.
• AMEA PowercoreStrategic or Co-development Partner · 1 January 2018Abour Energy Company (AEC) is a 52 MW wind power plant in Al Tafilah, Jordan. Joint venture between Xenel and AMEA Power with 20-year offtake from National Electric Power Company of Jordan. Turbines sourced from Vestas.
• Miebach (German supply chain firm)minorStrategic or Co-development Partner · 1 January 2010Saudi Miebach established in 2010 as joint venture between ABT (subsidiary of Xenel) and Miebach, a leading German supply chain and logistics advisory and engineering firm.
• Korea Electric Power Corporation (KEPCO)coreStrategic or Co-development Partner · 1 January 2009Qatrana Electric Power Company (QEPC) is a 373 MW combined cycle gas turbine power plant in Jordan. Joint venture between Xenel and Korea Electric Power Corporation with 25-year offtake from National Electric Power Company of Jordan. Project financed by Export-Import Bank of Korea.
• Sapphire GroupcoreStrategic or Co-development Partner · 1 January 2008Sapphire Electric Company (SECL) is a 214 MW combined cycle gas turbine power plant in Muridke, Pakistan. Joint venture between Xenel and Sapphire Group with 30-year offtake from Water & Power Development Authority of Pakistan on BOO basis.
• CTCI Corp (Taiwan)minorStrategic or Co-development Partner · 1 January 2002CTCI Arabia established in 2002 as subsidiary of CTCI Corp, the largest integrated EPC firm in Taiwan with ~7,000 employees worldwide.
• SISCO HoldingcoreStrategic or Co-development Partner · 1 January 1999LogiPoint founded in 1999 by SISCO Holding and Xenel. Leading logistics real estate developer & operator and logistics services provider. First bonded zone in KSA at Jeddah Islamic Port. Facilities in Jeddah Islamic Port, MODON, and Khumrah with plans to expand to Riyadh.
• International Power (UK)coreStrategic or Co-development Partner · 1 January 1997Hubco developed in collaboration with International Power (UK), Entergy (USA), Mitsui, and IHI (Japan). Xenel spearheaded development of greenfield power plant fully commissioned in 1997.
• Magrabi HealthcoreStrategic or Co-development Partner · 1 January 1997Xenel, through subsidiary AMI Saudi Arabia, acquired controlling stake in Magrabi Health in 1997. Strategic partnership accelerated internationalization, expanding to 36 hospitals and centers in 5 MENA countries.
• AMI Saudi ArabiacoreStrategic or Co-development Partner · 1 January 1997AMI Saudi Arabia partnered with Magrabi Health in 1997, providing healthcare management expertise and enabling expansion to 36 hospitals and centers across 5 countries.
• BinexminorStrategic or Co-development Partner · 1 January 1984ICC chemicals are marketed by sister company Binex under brand name Binachem. Both are portfolio companies of Xenel.
• Agriculture Bulk Trade LtdminorStrategic or Co-development Partner · 1 January 1984ICC also produces micronutrients and trace elements for agricultural sector, marketed by sister company Agriculture Bulk Trade Ltd.
• American Medical International Co.coreStrategic or Co-development Partner · 1 January 1981AMI Saudi Arabia (AMISAL) established as joint venture between American Medical International Co. and Xenel in 1981. Xenel acquired 100% ownership in 1988. AMISAL is a leading healthcare management company in the Middle East.
• NEC Corporation JapancoreTechnology or Integration · 1 January 1980NEC Saudi Arabia (NECSAL) established as joint venture between Xenel and NEC Corporation Japan in 1980. Supplies telecommunications and computer equipment, electronic systems. Installed teleconferencing systems, expanded cable television networks, implemented Automated Fingerprint Identification System for Ministry of Interior.
• AECOMcoreStrategic or Co-development Partner · 1 January 1976AECOM Arabia joint venture between AECOM and Xenel, established in 1976. One of Saudi Arabia's largest urban design and civil infrastructure firms. Key projects include NEOM backbone infrastructure, Jeddah Stormwater Drainage Program, King Khalid International Airport, Red Sea Project, and Al Qiddiya Project.
• Anaconda (US-based cable company)historicalStrategic or Co-development Partner · 1 January 1975Saudi Cable Company (SCC) established in mid-1970s as joint venture between Xenel and Anaconda. Grew into one of the largest cable companies in the Middle East, listed on Saudi Stock Exchange since 1988. Produces wide range of conductors and cable products.

Scale indicators17 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• SABIC (Saudi Basic Industries Corporation): Saudi publicly-listed petrochemical giant majority-owned by Saudi Aramco, producing petrochemicals, specialty chemicals, agri-nutrients, and metals globally. Comparable as broad incumbent operating alongside Xenel's petrochemical holdings (Safra aromatic solvents, prior NATPET polypropylene investment).
• Sahara International Petrochemical Company (Sipchem): Saudi-listed petrochemical company producing chemicals, polymers, and specialty products with operations in Yanbu and Jubail. Comparable as broad Saudi petrochemical incumbent relevant to Xenel's wholly-owned Safra (aromatic solvents) and prior NATPET petrochemical investments.

Direct peers

• Olayan Group: Saudi private diversified holding company founded in 1947 by the Olayan family, operating across food, healthcare, real estate, financial services, and industrial sectors with extensive global operations. Direct comparable as Saudi family-controlled diversified holding company of similar scope.
• Kingdom Holding Company: Saudi publicly-listed diversified holding company with stakes across hospitality, media, technology, healthcare, real estate, and financial services. Direct peer as both are Saudi family-controlled diversified holding companies investing across multiple sectors with international footprints.
• Yusuf Bin Ahmed Kanoo Group: One of the oldest GCC diversified conglomerates (130+ years), with Saudi and Bahraini operations spanning shipping, logistics, industrial services, energy, and travel. Comparable as long-standing GCC family-controlled diversified group with logistics and industrial focus overlapping Xenel's logistics sector.
• Nesma Holding: Saudi private holding company operating across construction, infrastructure, real estate, energy, and industrial sectors with significant Saudi-based operations. Comparable as another Saudi family-controlled diversified industrial holding company with similar sector mix.

Emerging players

• ACWA Power: Saudi-listed international power and desalinated water company with multi-gigawatt renewable and thermal generation portfolio across MENA. Comparable as Xenel also owns multiple power generation JVs (Hubco, QEPC, SECL, AEC) operating under similar long-term PPA structures in Pakistan and Jordan.
• Dar Al Arkan Real Estate Development: Saudi-listed real estate developer with multi-billion-dollar market capitalization developing residential, commercial, and mixed-use projects across Saudi Arabia. Comparable for Xenel's real estate segment (Tamlik and Xentury City master-planned mixed-use development in Orlando, Florida).

Regional players

• Kuwait Projects Company (KIPCO): Kuwait-based publicly-listed diversified holding company with majority stakes in financial services, industrials, real estate, media, and education across the MENA region. Comparable as regional GCC diversified holding company with similar multi-sector portfolio strategy.
• Bahrain Mumtalakat Holding Company: Bahrain's sovereign-backed diversified holding company managing government investments across real estate, telecommunications, financial services, education, healthcare, and industrial sectors. Comparable as GCC diversified holding with overlapping sector exposure to healthcare, real estate, and industrial.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/xenel-industries/jobs

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries22 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Xenel Industries Company