# Xenel

Xenel is a Single Family Office based in Jeddah, Saudi Arabia.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Jeddah, Saudi Arabia
- **Region:** Asia
- **Address:** Xenel Building 3215, Khaifan Street, Al Balad District, Jeddah 22236 Saudi Arabia
- **Founded:** 1973
- **Assets under management:** Undisclosed
- **Website:** xenel.com
- **LinkedIn:** https://www.linkedin.com/company/xenel-industries/

## Regulatory record

- **Reports private funds:** No

## About

Xenel was established in 1973 in Jeddah by the sons of Ahmed Yousef Zeinal. The firm traces its lineage to one of the oldest trading houses in the Middle East and operates today as the single family office for the House of Alireza. The firm deploys capital across direct co-investments, private equity, infrastructure, real estate, and carbon assets. Confirmed holdings include stakes in power plants in Pakistan, Jordan and Magrabi hospitals. It also maintains mixed-use developments such as Xentury City in Orlando and the Tamlik portfolio in Jeddah. Geographic coverage includes Saudi Arabia, Pakistan, Jordan, Egypt, the United States, and additional markets in Asia and Africa. Investment stages center on seed and growth opportunities alongside larger infrastructure commitments. No public headcount or AUM figure appears in available records. Xenel maintains a second office in Riyadh. Family members participate in YPO and the Oxford Centre for Islamic Studies. Philanthropic vehicles include Al Falah Schools and the Start Charity Foundation. In 2023 the firm formed Jusoor, a joint venture with Saudi Ground Services for airport operations. Xenel functions as both holding company and family office, with governance structures that separate operating subsidiaries from the investment center. This architecture allows direct control over project development while preserving capital allocation decisions within the family.

## Sectors

- Energy Transition & Renewables
- Healthcare Services
- Industrial Tech
- PropTech
- Supply Chain & Logistics
- AgriTech & FoodTech
- FinTech
- Mobility & Transportation
- ClimateTech
- Sports & Wellness

## Offices

- Riyadh, Saudi Arabia

## People

- Mohamed Zainal Alireza — Chairman

## Questions

### Who runs investment decisions at Xenel?

Mohamed Zainal Alireza serves as Chairman and Khalid Ahmed Zainal Alireza serves as CEO. Raaid Alireza acts as General Manager of the Xenel Investment Center.

### Does Xenel participate in fund commitments or only direct deals?

Xenel executes direct co-investments and SPVs alongside select private equity and infrastructure commitments. It does not operate as a fund-of-funds vehicle.

### What investment stages does Xenel typically target?

The firm targets seed-stage opportunities in addition to growth and infrastructure projects. Its portfolio includes both early technology bets and large-scale industrial assets.

### How is Xenel related to its operating companies?

Xenel functions as both holding company and family office. It maintains governance separation between operating subsidiaries and the central investment function.

### Does Xenel maintain philanthropic structures?

Yes. The firm supports Al Falah Schools and the Start Charity Foundation as separate philanthropic vehicles.

### What is Xenel's known posture on co-investments alongside external GPs?

Xenel pursues direct co-investments and joint ventures, including recent partnerships such as Jusoor with Saudi Ground Services in 2023.

## Related profiles

- [Xelis Family Office](https://altss.com/profile/xelis-family-office)
- [Xentury Group](https://altss.com/profile/xentury-group)

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Last updated: 2026-06-03T20:00:00.000Z

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