Who We Are
Established in 1973 in Jeddah, Saudi Arabia, by the eldest sons of Ahmed Yousef Zeinal—Mohamed, Abdullah, Hisham, and Khaled—Xenel builds on the legacy of one of the oldest Middle Eastern trading families, whose history includes 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.
Key Milestones
Xenel has supported the Saudi government’s vision and fostered economic and societal advancement in the Kingdom and beyond.
-
1973Xenel was founded by the descendants of one of the oldest trading houses in the Middle East
-
1975Founded Saudi Cable Company as the first cable company in the Middle East
-
1975AECOM Arabia was established to deliver project management services for large-scale infrastructure projects in Saudi Arabia
-
1980SSOC was established to manage large-scale operations and maintenance projects in the aviation sector
-
1981AMI JV was formed to provide operations and maintenance services in the healthcare sector
-
1982Created Hidada, which has grown to become a globally renowned steel fabrication facility in the Middle East
-
1984Formed SISCO Holding, a leading full-cycle logistics and infrastructure investment company
-
1990Developed Safra, the first private downstream petrochemical plant in Saudi Arabia
-
1991Established Hubco as the first independent power plant in Pakistan
-
1991In the aftermath of the Gulf War, Xenel, through its subsidiaries, successfully restored electricity to Kuwait City within two weeks
-
1997Acquired a controlling stake in Magrabi, one of the leading specialty hospitals in the region
-
2000Established LogiPoint as the first private sector bonded and re-export zone in Saudi Arabia
-
2001Established Kindasa as the first private desalination plant in Saudi Arabia
-
2005Created Imdad, one of the leading medical equipment companies in the region
-
2007Established Red Sea Gateway Terminal as Saudi Arabia’s first private Build-Operate-Transfer container terminal
-
2009Developed NATPET, a polypropylene complex in Saudi Arabia with an annual capacity of 400,000 tons
-
2010A joint venture between Trican and SSOC was established to serve the upstream oil and gas sector
-
2011Co-developed and built Qatrana, a 373 MW combined-cycle gas turbine power plant in Jordan
-
2011Invested in Sapphire, a 212 MW combined-cycle gas turbine power plant in Pakistan
-
2021Developed Abour, a 51 MW wind plant in Jordan
-
2023Jusoor, a joint venture between Xenel and Saudi Ground Services, 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.