ACICO Group
ACICO Group is a Kuwait-based, publicly listed multi-sector construction company founded in 1990 that manufactures Autoclaved Aerated Concrete (AAC) and other building materials for residential, commercial, and infrastructure construction projects in Kuwait.
- Company typePrivate
- Founded1990
- HeadquartersKuwait, Kuwait
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What ACICO Group does
ACICO Group is a Kuwait-based, publicly listed multi-sector construction company (kse:ACICO) founded in 1990 that manufactures building materials, with a primary focus on Autoclaved Aerated Concrete (AAC) lightweight construction products. The company operates in the Kuwaiti construction value chain, producing materials used in residential, commercial, and infrastructure projects, and serves developers, contractors, and likely public-sector infrastructure clients within Kuwait. It employs between 1,001 and 5,000 people and operates under the trade name 'ACICO Industries' alongside the parent ACICO Group identity.
The company's core technology centers on AAC manufacturing, an industrial process that produces lightweight precast building elements with thermal-insulation properties suited to Gulf-region climate construction. While specific product portfolio details are not disclosed in available sources, ACICO is positioned as a multi-sector player spanning multiple construction material categories rather than a single-product specialist, suggesting both upstream manufacturing and downstream construction services exposure.
Revenue mechanics are not explicitly disclosed, but the financial trajectory indicates material cyclicality tied to Kuwaiti construction demand: revenue declined from 2021 through 2024 before recovering in 2025, with operating income and net income swinging from significant losses in 2022 to positive territory in 2025. The company maintains a board chaired by Emad Al-Issa and experienced a CEO transition in April 2026 when Mohamad Yehya Yassin resigned. No specific pricing model, customer segmentation, or geographic expansion data is available in current sources, limiting visibility into commercial mechanics beyond the public-company financial footprint.
ACICO Group firmographics
Firmographics- Name
- ACICO Group
- Website
- https://acicogroup.com
- Company type
- Private
- Founded year
- 1990
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- ACICO Group is a Kuwait-based, publicly listed multi-sector construction company founded in 1990 that manufactures Autoclaved Aerated Concrete (AAC) and other building materials for residential, commercial, and infrastructure construction projects in Kuwait.
- Ownership category
- akta.pro rank
ACICO Group industry classification
Industry- Product category
- Building Materials Manufacturing
- NAICS
- Cement and Concrete Product Manufacturing (3273), Other Concrete Product Manufacturing (327390)
- SIC
- Concrete Products, Except Block & Brick (3272)
- akta.pro primary industry
- Autoclaved Aerated Concrete (AAC) Blocks & Panels (IMADABAC)
Keywords
Where ACICO Group is headquartered
LocationHeadquarters
- HQ city
- Kuwait
- HQ country
- Kuwait
- HQ region
- Middle East
Markets served
ACICO Group business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure
ACICO Group product offering
Product offeringCore offering
ACICO Group manufactures Autoclaved Aerated Concrete (AAC) building materials used in construction applications. The company produces lightweight blocks, panels, and related construction components that serve residential, commercial, and infrastructure building projects in the regional market.
Product overview
ACICO Group is a company in the Autoclaved Aerated Concrete (AAC) building materials industry, producing lightweight building materials for construction applications. No specific product portfolio details are available from the provided source data.
Differentiator
Problem solved
Functional benefit
Products and services
- Autoclaved Aerated Concrete (AAC) building materials
Companies that use ACICO Group
Customer profileIdeal customer profiles1 record
ACICO Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
ACICO Group partnerships and signals
Strategic signalRecent moves3 records
ACICO Group competitors and assessment
Company assessmentBroad incumbents
- CEMEX: Global building materials heavyweight with concrete, cement, and aggregates operations including lightweight concrete offerings. Comparable end-markets and customer base to ACICO.
- Holcim: Global cement, aggregates, and concrete products major with growing lightweight/green building solutions portfolio. Overlaps with ACICO in concrete-based construction materials.
- Heidelberg Materials: Major global building materials group with cement, aggregates, and ready-mix concrete businesses. Comparable in core concrete-product manufacturing and construction end-market exposure.
- CRH plc: Diversified building materials group with concrete, aggregates, and infrastructure products across multiple geographies. Comparable in vertical integration and multi-sector construction exposure.
Direct peers
- Xella Group: European-headquartered leading manufacturer of Autoclaved Aerated Concrete products (Ytong, Hebel brands). Most directly comparable global AAC pure-play to ACICO's core product line.
- H+H International: Denmark-based manufacturer of AAC walling products serving European residential and commercial construction. Closely comparable AAC-focused business model and product technology.
- Biltech Building Elements: Indian AAC blocks and panels manufacturer with a similar product portfolio to ACICO's AAC offering, though operating in a different geography.
Emerging players
- Magicrete Building Solutions: Indian AAC blocks and construction chemicals manufacturer. Comparable in AAC manufacturing focus but smaller scale and geographically focused on the Indian market.
Regional players
- Saudi Cement Company: Leading Saudi cement and clinker producer serving GCC construction markets. Comparable as a regional building-materials incumbent exposed to similar Gulf construction dynamics.
- Qatar National Cement Company: GCC-based cement and concrete products manufacturer serving similar Gulf construction end-markets. Comparable in regional customer base and construction cycle exposure.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
ACICO Group social profiles
Digital presenceACICO Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
ACICO Group leadership team
Management profileNumber of profiles
Profiles1 record
ACICO Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ACICO Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ACICO Group
What does ACICO Group do?
ACICO Group manufactures Autoclaved Aerated Concrete (AAC) building materials used in construction applications. The company produces lightweight blocks, panels, and related construction components that serve residential, commercial, and infrastructure building projects in the regional market.
Is ACICO Group a public or private company?
ACICO Group is a private company. It is classified as public and is currently operating.
When was ACICO Group founded?
ACICO Group was founded in 1990. It employs 1,001 to 5,000 people.
Where is ACICO Group based?
ACICO Group is headquartered in Kuwait, Kuwait, in the Middle East region.
Who are ACICO Group's main competitors?
Broad incumbents on record are CEMEX, Holcim, Heidelberg Materials and CRH plc. Direct peers are Xella Group, H+H International and Biltech Building Elements. Magicrete Building Solutions is listed as an emerging player. Regional players are Saudi Cement Company and Qatar National Cement Company.
Does ACICO Group have an API?
No public API is recorded for ACICO Group.
What industry is ACICO Group in?
ACICO Group's product category is Building Materials Manufacturing. Its primary akta.pro industry code is IMADABAC, Autoclaved Aerated Concrete (AAC) Blocks & Panels. Its NAICS code is 3273 and its SIC code is 3272.