Algihaz Holding Company Profile

Background

Overview

Founded in 1975 by Saeed Ali Al-Angari, Algihaz Holding has evolved from a small contracting firm into a diversified Saudi Arabian investment company with over 49 years of experience. The company specializes in providing integrated solutions across various sectors, including construction, energy, industrial solutions, and investment. With a workforce exceeding 2,800 employees and operations spanning seven countries, Algihaz Holding is committed to accelerating growth and building a sustainable future for global communities.

Mission and Vision

Algihaz Holding's mission is to deliver high-quality infrastructure and essential services through strategic investments and partnerships with leading global companies. The company's vision aligns with Saudi Arabia's Vision 2030, focusing on reducing dependence on hydrocarbon exports and fostering a diversified economy. Algihaz Holding is dedicated to empowering and developing Saudi nationals by leveraging its core strengths in infrastructure, renewable energy, healthcare, real estate, and experiential sectors.

Industry Significance

As a key enabler of Saudi Vision 2030, Algihaz Holding plays a pivotal role in transforming the nation's economy and society. The company's strategic investments and development initiatives contribute to the realization of a sustainable and diversified economy, positioning it as a significant player in the regional and global markets.

Key Strategic Focus

Core Objectives

Algihaz Holding aims to:

Expand its portfolio through strategic investments in critical sectors.

Foster innovation and sustainability in its operations.

Support the realization of Saudi Arabia's Vision 2030.

Areas of Specialization

The company specializes in:

Construction

Energy (including conventional and renewable sources)

Industrial Solutions

Investment

Healthcare

Real Estate

Experiential Services

Key Technologies Utilized

Algihaz Holding employs advanced technologies in:

Renewable energy solutions

Infrastructure development

Industrial automation

Digital transformation initiatives

Primary Markets Targeted

The company focuses on:

Saudi Arabia

Gulf Cooperation Council (GCC) countries

International markets through strategic partnerships

Financials and Funding

Funding History

Algihaz Holding has successfully secured funding through:

Strategic partnerships

Joint ventures

Equity investments

Recent Funding Rounds

Specific details regarding recent funding rounds are not publicly disclosed.

Notable Investors

Algihaz Holding has attracted investments from:

ACWA Power

Sungrow Power Supply

Winch Energy

Utilization of Capital

The capital raised is utilized for:

Expanding renewable energy projects

Developing infrastructure

Enhancing industrial solutions

Supporting healthcare and real estate ventures

Pipeline Development

Key Pipeline Candidates

Algihaz Holding is involved in several significant projects, including:

Sakaka Photovoltaic (PV) Plant: A 300 MW solar power plant in Al Jouf, Saudi Arabia, developed in partnership with ACWA Power. The project achieved financial closure in 2019 and commenced operations in 2020.

Energy Storage Project with Sungrow: A 7.8 GWh energy storage system aimed at enhancing the stability and reliability of Saudi Arabia's power grid, supporting the goals of Saudi Vision 2030.

Lamprell Acquisition: Algihaz Holding acquired a 60% stake in Thunderball Investments, which holds a 73% stake in Lamprell Plc, a leading provider of construction and fabrication services to the international energy sector.

Stages of Development

These projects are at various stages, from operational to under development, contributing to the company's growth and alignment with strategic objectives.

Target Conditions

The projects aim to address:

Energy diversification

Infrastructure enhancement

Sustainable development

Anticipated Milestones

Key milestones include:

Completion and operationalization of the Sakaka PV Plant

Deployment of the energy storage system

Integration of Lamprell's capabilities into Algihaz Holding's portfolio

Technological Platform and Innovation

Proprietary Technologies

Algihaz Holding leverages proprietary technologies in:

Renewable energy systems

Industrial automation

Digital infrastructure

Significant Scientific Methods

The company employs:

Advanced engineering design

Project management methodologies

Sustainable construction practices

AI-Driven Capabilities

Algihaz Holding integrates AI-driven solutions in:

Energy management systems

Predictive maintenance

Operational optimization

Leadership Team

Key Executives

Saeed Ali Al-Angari: Founder and Chairman; established the company in 1975, guiding its growth and strategic direction.

Eng. Sami Al-Angari: CEO and Vice Chairman; oversees daily operations and strategic initiatives, ensuring alignment with the company's vision.

Professional Backgrounds

Both leaders have extensive experience in construction, energy, and industrial sectors, contributing to the company's success and expansion.

Key Contributions

Under their leadership, Algihaz Holding has: