Who We Are
Established in 1973 in Jeddah, Saudi Arabia, Xenel traces its roots to the descendants of one of the oldest trading houses in the Middle East with the first commercial registration in Saudi Arabia.
An acknowledged innovator and leader in developing projects and companies, both regionally and internationally, Xenel has built expertise in the fields of industrial, healthcare, infrastructure, logistics, services, and real estate.
Rooted and nurtured by the profound traditions of Saudi Arabia, Xenel takes immense pride in its cherished heritage. Celebrating more than 50 years in business, the company seamlessly blends time-honored values with a forward-looking vision. As custodians of a rich legacy, Xenel acknowledges the importance of evolving with time, enabling growth and innovation while staying true to its origins and history.
By adeptly navigating the evolving dynamics of markets and landscapes, Xenel’s unwavering commitment to upholding core values enhances a professional atmosphere. Extensive engagement underscores the company’s earnest aspiration to catalyze positive transformations, with a global impact extending from Saudi Arabia.
House of Alireza
The House was an early backer of Abdulaziz al Saud, the first king of Saudi Arabia, and has been active in Saudi Arabian politics since the end of the Ottoman Empire.
Qasim bin Zainal Alireza was elected as the deputy for Jeddah within the Ottoman parliament of 1908, and his uncle Abdullah Alireza Zainal served as kaymakam (equivalent to governor) of Jeddah during the Hashemite and the early years of al Saud rule. Abdullah Alireza later became a senior advisor to King Abdullah bin Abdulaziz. Abdullah Alireza Zainal’s son, Muhammad, became the second Minister of Commerce from 1953 to 1958, and later served as the Saudi ambassador to Egypt and France.
One of Zainal Alireza’s sons, Muhammad Ali Zainal Alireza, established two schools, first in Jeddah in 1905 and then in Mecca in 1912, for poor children and did not charge school fees. As the country was still in the Ottoman Empire, the language of instruction was Ottoman Turkish.
Further schools were opened but were closed due to violations of British laws. Following the establishment of the schools, Muhammad Ali Zainal Alireza went on to establish himself as a successful pearl merchant in Paris and Bombay by importing Persian Gulf pearls to both Europe and India. At one point in time, he used pearl trading to become the richest man on Earth.
The House of Alireza has since expanded its businesses to include real estate, representative agency rights for the shippers that delivered their cargo and joint ventures with construction and engineering companies with whom they contributed to the Saudi Arabian infrastructural development. In 1929, the business was renamed Haji Abdullah Alireza & Co., and received first commercial registration in Saudi Arabia (license number 1). In 1940, the House of Alireza beat out Harry St. John Philby for rights to the first Ford dealership in the kingdom, and quickly went on to acquire the rights of other prominent Western brands such as Pepsi Cola, Goodyear, and Dunlop. In 2003 the company was incorporated into a limited liability company and began to expand its operations into new areas, such as real estate, telecommunication, tourism, travel, and maritime services.
Zainal Alireza’s grandson, Ahmed Alireza, died in 2012. His surviving sons, Khalid, Mohammed, Abdullah, and Yousuf, as well as some of their children, Aamer, Hatim, Raaid, and Emran serve as executives for several of the House of Alireza’s commercial interests, including Xenel Group (a phonetic homage to Zainal Alireza).
Xenel aspires to be at the forefront of developing major projects, leveraging its global presence and strategic foresight. The group aims to shape a more sustainable and prosperous future, building on its legacy of innovation and connecting worlds.
Key Milestones
Xenel has supported the Saudi government’s vision and fostered economic and societal advancement in the Kingdom and beyond.
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1973Xenel was founded by the descendants of one of the oldest trading houses in the Middle East, the house of Alireza
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1975Founded the first cable company in the Middle East
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1975AECOM Arabia was formed to provide project management company for large-scale infrastructure projects in Saudi Arabia
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1980SSOC was formed to serve large-scale operations and maintenance projects in the Aviation Sector
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1981AMI JV formed to serve operations and maintenance JV in Healthcare Sector
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1982Created a globally renowned steel fabrication facility in the Middle East
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1984Formed a leading full-cycle logistics and infrastructure investment company
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1990Developed the first private downstream petrochemical plant in Saudi Arabia
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1991Established the first independent power plant in Pakistan
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1991Following the Gulf War, Xenel, through its subsidiaries, restored electricity back to Kuwait City in two weeks
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1997Acquired a controlling stake in one of the leading specialty hospitals in the region
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2000Established the first private sector bonded and re-export zone in Saudi Arabia
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2001Established the first private desalination plant in Saudi Arabia
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2005Created one of the leading medical equipment companies in the region
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2007Established Saudi Arabia's first private Build-Operate-Transfer container terminal
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2009Developed a polypropylene complex in Saudi Arabia with an annual capacity of 400,000 tons
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2010A Joint venture between Trican and SSOC was formed to serve the Oil & Gas upstream sector
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2011Co-developed, and built a 373 MW combined-cycle gas turbine power plant in Jordan
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2011Invested in a 212 MW combined-cycle gas turbine power plant in Pakistan
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2021Developed a 51MW wind plant in Jordan
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2023A joint venture was established for the operations and maintenance of passenger boarding bridges serving several airports
Core Values
Corporate Governance
At Xenel, we are dedicated to maintaining the highest standards of corporate governance. Our governance framework is designed to ensure accountability, fairness, and transparency in all our dealings, aligning with the best interests of our stakeholders and the long-term success of our businesses. Corporate governance is an evolving practice, and we are committed to continuously improving our governance framework and updating our policies and procedures to ensure they remain relevant and effective in achieving our business objectives.