Top 100 Arab Family Businesses in the Middle East

Rank: 44


Country: Saudi Arabia

Sector: Diversified

Establishment: 1973

Chairperson: Mohamed Zainal Alireza

Xenel operates in more than 40 countries through 14 subsidiaries. The company’s portfolio spans the energy, petro­chemicals, construction, infrastructure develop­ment, healthcare, industrial services, IT, logistics, real estate, and global investing sectors. It has investments in several companies, including the Red Sea Gateway Terminal, and the Sapphire Electric Company Limited. It owns 14.6% of the Saudi Industrial Services Company, worth $126 million as of April 2021. Through its affiliates, the firm developed the first bonded free-trade zone and the first private downstream petrochemical plant in Saudi Arabia.