أمجاد المتحدة القابضة

What أمجاد المتحدة القابضة does

Amjad Almutahidah Holding Company (أمجاد المتحدة القابضة) is a privately held Saudi conglomerate founded in 1960 and controlled by the Al-Shaya family. It operates four business sectors: Industrial (manufacturing of air conditioners, commercial refrigerators, condensers, evaporators, plastic parts, and molds through AL-KAWTHER, Al-Furat, National Condensers Factory, Amjad Plastic Factory, and Amjad Molds Factory, with AL-KAWTHER's Riyadh facility producing over 30,000 units annually since 2001), Agricultural (liquid fertilizer production via Hasad Al-Dahab Factory using German-installed Lachlon and Agro Comicos/Coda production lines — the only Saudi Industrial Fund-approved fertilizer facility in its category and ISO certified), Commercial (over 40 retail branches and showrooms across Saudi Arabia, Egypt, and Sudan under the Riyadh Refrigeration and Air Conditioning and Rubou' Al-Azhar brands, plus export distribution to GCC, Asia, and Africa), and Real Estate (two hotels in Makkah — Amjad Al Jazeera Hotel and Amjad Ajyad Hotel — located near the Holy Mosques serving pilgrims). The company holds multiple registered trademarks including Al-Kawthar, Al-Furat, Pan Cool/Ban Cool, and Hasad Al-Dahab.

The company monetizes through direct hardware sales of cooling and refrigeration equipment to residential, commercial, and industrial customers; trading and distribution through owned showrooms and regional distributors; liquid fertilizer sales to agricultural buyers in three countries; and hospitality revenue from Makkah hotel operations. Its distribution model is sales-led and physical-retail-anchored, with manufacturing facilities in Riyadh's third industrial zone and an explicit after-sales service fleet supporting installed-base customers. In 2023 the company initiated plans for an Initial Public Offering to align with Saudi Arabia's Vision 2030.

The leadership is family-controlled: the Board is chaired by Badr bin Nasser Al-Shaya with Abdullah bin Nasser Al-Shaya as Vice Chairman and additional Al-Shaya family members (Anas, Hussam, Mohammed bin Nasser Al-Shaya) plus AbdulRahman bin Rashid Al Balawi as board members. Bander Mohammed Al-Ghamdi serves as CEO. Functional general managers cover finance (Abdel Fattah Al-Jabali), supply chains (Essam Al-Tayeb Hassan), shared services (Saad bin Hussein Al-Shehri), and export sales (Marwan ShamElldin). No revenue is publicly disclosed and the company has no documented AI/ML, API, or software product surface — its competitive identity is grounded in industrial manufacturing depth, multi-country retail reach, and brand portfolio accumulated over six decades.

Name

أمجاد المتحدة القابضة

Legal name

Amjad AL-Mutahidah Co.

Website

https://amjad-almutahidah.com

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

11–50 employees

Short description

Amjad Almutahidah is a privately held Saudi conglomerate founded in 1960, manufacturing and distributing air conditioners, commercial refrigerators, liquid fertilizers, and operating two hotels in Makkah across over 40 retail branches in Saudi Arabia, Egypt, and Sudan.

Ownership category

akta.pro rank

Product category

Industrial Refrigeration and Air Conditioning Manufacturing

NAICS

Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Refrigeration Equipment and Supplies Merchant Wholesalers (423740), Pesticide, Fertilizer, and Other Agricultural Chemical Manufacturing (3253)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Refrigeration & Service Industry Machinery (3580)

akta.pro industry

PRIMARYIMAHAKAA

Commercial & Industrial Refrigeration Systems

Industrials, Manufacturing & Construction/Industrial Machinery & Heavy Equipment/Refrigeration, HVAC & Thermal Equipment

SECONDARYCRAOAFAJ

HVAC, Water Heaters & Indoor Air Quality Distribution

Consumer Products & Retail/Wholesale, Distribution & Category Management/Home, Furniture & Home Improvement Distribution

Keywords

• Refrigeration manufacturing
• Air conditioning systems
• Liquid fertilizer production
• Industrial manufacturing
• Hospitality services

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Manufacturing and Sale of Cooling Equipment: Manufacturing and sale of air conditioners, refrigerators, and cooling/freezing systems for residential, commercial, and industrial applications through owned production facilities in Riyadh.
2. Agricultural Fertilizers: Production and sale of liquid fertilizers through Hasad Al-Dahab Factory, distributing across Saudi Arabia, Egypt, and Sudan under the Robo Al-Azhar brand.
3. Real Estate and Hospitality: Revenue from hotel operations (Amjad Al Jazeera Hotel, Amjad Ajyad Hotel) and real estate investment properties in Makkah.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Amjad Almutahidah Holding manufactures and distributes refrigeration and air conditioning equipment (air conditioners, water coolers, desert coolers, commercial refrigerators, condensers, evaporators, plastic parts, molds), produces liquid fertilizers for agricultural use, trades and distributes commercial goods, and operates hospitality real estate including hotels. The company serves residential, commercial, industrial, agricultural, and government clients through its own retail showrooms and branches across Saudi Arabia.

Product overview

Amjad Almutahidah is a diversified conglomerate operating across four main sectors: Industrial (refrigeration and air conditioning manufacturing), Agricultural (liquid fertilizers), Commercial (trading and distribution), and Real Estate (hospitality). The Industrial sector includes AL-KAWTHER air conditioners and desert coolers (30,000+ units/year capacity) and ALFURAT commercial refrigerators, alongside supporting factories for condensers, plastics, and molds. The Agricultural sector centers on Hasad Al-Dahab liquid fertilizers with German-installed production lines. The company owns retail brands including Riyadh Refrigeration and Air Conditioning and Rubou' Al-Azhar operating 40+ branches across Saudi Arabia, Egypt, and Sudan. Exclusive brands include Pan Cool/Ban Cool, Al-Kawther refrigerators, Al-Furat refrigerators, and Al-Kawther Desert Air Conditioners. Real estate holdings include Al-Jazeera Hotel and Amjad Ajyad Hotel in Makkah.

Differentiator

Problem solved

Functional benefit

Brands

• Al-Kawthar Refrigerators: Refrigerators manufactured by the company
• Al-Furat Refrigerators
• Al-Kawthar Desert Air Conditioners
• Pan Cool / Ban Cool
• Hasad Al-Dahab
• Riyadh Refrigeration and Air Conditioning
• Rubou' Al-Azhar

Products and services

• Air Conditioners Residential and commercial air conditioning units for homes, offices, and commercial spaces. Designed for hot Saudi Arabian climate conditions.
• Water Coolers Residential and commercial water cooling units for drinking water and ambient cooling applications.
• Desert Coolers Evaporative air coolers optimized for arid desert climate conditions, for residential and commercial use.
• Commercial Refrigerators Commercial-grade refrigeration units designed for restaurants, hotels, food service operators, and industrial cold storage applications.
• Condensers and Evaporators Heat exchange components (condensers and evaporators) manufactured for HVAC and refrigeration system assembly and service.
• Plastic Parts Injection-molded plastic parts used in the assembly of cooling and refrigeration equipment.
• Molds Industrial molds used in plastic parts manufacturing for the cooling and refrigeration product lines.
• Liquid Fertilizers Liquid fertilizer products manufactured using German engineered production lines for agricultural use by farms and agribusinesses.
• Hotels Hospitality properties operated under the holding's real estate sector, providing accommodation services to travelers and business guests.
• Trading and Distribution Commercial trading and distribution of products and equipment to wholesale and retail customers across Saudi Arabia.

Quantifiable outcome

• 30% reduction in energy costs for supermarket chain clients using new eco-friendly refrigeration units

Named customers3 records

Segments6 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Lachlon (German Company)coreTechnology or IntegrationGerman company that installed the Foxtail fertilizer production line in Hasad Al-Dahab Factory, providing advanced manufacturing technology and expertise.
• Agro Comicos (Coda)coreTechnology or IntegrationInstalled the organic fertilizer production line in Hasad Al-Dahab Factory with manufacturing franchise rights, providing specialized fertilizer production technology.

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Midea Group: Midea is a global home appliance and HVAC giant with strong MENA distribution and aggressive pricing, directly competing with Amjad's residential AC and refrigerator lines.
• Daikin Industries: Global HVAC and refrigeration leader competing across MENA, Asia, and Africa with broader product portfolios and significantly larger R&D and distribution scale than Amjad.
• Carrier Global: Carrier is a global incumbent in commercial and industrial refrigeration, HVAC, and cold-chain equipment, directly competing in Amjad's supermarket, restaurant, and industrial cooling segments.
• Trane Technologies: Trane competes in commercial HVAC and industrial refrigeration globally, including in MENA, with energy-efficient product lines that overlap with Amjad's eco-friendly refrigeration positioning.
• LG Electronics: LG's air conditioning and home appliance division competes head-to-head with ALFURAT refrigerators and AL-KAWTHER ACs in Saudi and export markets, with much larger scale and brand recognition.

Direct peers

• Zamil Air Conditioners: Zamil is the leading Saudi-based HVAC manufacturer and the closest direct competitor to AL-KAWTHER, offering residential, commercial, and industrial air conditioning across MENA and global markets with comparable vertical integration.
• Al Essa Industries: Al Essa is a Saudi conglomerate operating in HVAC, refrigeration, and appliances, with comparable product breadth and Saudi/GCC distribution presence, directly overlapping Amjad's commercial and industrial refrigeration portfolio.
• SMD Group (Saudi Maintenance & Refrigeration): SMD is a Saudi HVAC manufacturing and services group competing directly with Amjad's industrial cooling, refrigeration, and after-sales service portfolio, including condensers, evaporators, and custom cooling/freezer rooms.

Emerging players

• Gree Electric Appliances: Gree is the world's largest AC manufacturer by volume and an aggressive price competitor across emerging markets in MENA, Africa, and Asia where Amjad's brands are sold.

Regional players

• Saudi Agricultural and Livestock Investment Company (SALIC): SALIC is a Saudi agricultural investment vehicle active in fertilizer and agri-inputs across Saudi and Africa; comparable to Amjad's Hasad Al-Dahab liquid fertilizer business in regional focus and product overlap.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/amjadalmutahida
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• LinkedInlinkedin.com/company/%D8%A7%D9%85%D8%AC%D8%A7%D8%AF-%D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF%D8%A9-%D8%A7%D9%84%D9%82%D8%A7%D8%A8%D8%B6%D8%A9
• Instagraminstagram.com/amjadalmutahida

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries12 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 أمجاد المتحدة القابضة