Alessa Industries Co.

Alessa Industries Co. is a leading company specializing in the manufacturing of air conditioning and cooling devices, as well as household appliances. Founded by Hamad Abdullah Alessa in 1935, the Alessa Industrial Company (AIC) has evolved into an integrated group within the cooling business, encompassing the distribution of appliances, electronics, and the manufacturing of refrigerators, freezers, air conditioners, and air handling units. AIC also offers contracting and installation services for both personal and commercial air conditioning units.

The international department of Alessa Industries Co. caters to the Middle East and Africa markets, supplying a comprehensive range of air conditioners and related products such as chest freezers and refrigerators. AIC holds exclusive brand distributorships and manufacturing licenses, with dedicated marketing, service, and R&D divisions.

At present, AIC comprises 3 Strategic Business Units: a trading company, Hamad A. Alessa & Sons Co. (HAASCO); a major factory, Alessa for Refrigeration and Air Conditioning Co. (ARAC); and Al Essa Advanced Projects Co. (AAPC). In addition to these BUs, the corporate office of Alessa Industries Co. oversees the Support Divisions of Finance, Administration & HR, IT, and performance management office.

Having its headquarters in Saudi Arabia, AIC stands as a prominent player in the Consumer Electronics and Manufacturing industries. Though specific details regarding the last investment and associated investors are currently unavailable, the track record and extensive presence of AIC in the cooling business make it a potentially compelling investment opportunity for venture capitalists.