- CEO
- Mohammed Ibrahim Abu Nayyan
- Full Time Employees
- 648
- Sector
- Distribution services
- Industry
- Wholesale distributors
- Address
- Shaker Group Building Riyadh Riyadh Province Saudi Arabia 11422
- IPO Date
- Apr 20, 2010
- Business
- Al Hassan Ghazi Ibrahim Shaker Company (Shaker Group) (1214.SR) manufactures, wholesales, and retails air conditioning products and home appliances in Saudi Arabia and Jordan; offers maintenance and repair services for electrical and electronic appliances; and provides energy solutions consultancy, marketing, financial, insurance, construction, transportation, and logistics services. The company operates through three main segments: Heating, Ventilation, and Air-Conditioning (HVAC) Solutions, which supplies residential and commercial air conditioners including chillers; Home Appliances, encompassing televisions, washing machines, dryers, refrigerators, irons, gas cookers, and floor care products; and All Other, covering mobile phones and additional services. It distributes leading brands such as LG, Indesit, Ariston, Maytag, Bompani, and Midea through a network of sales outlets, service centers, warehousing facilities, training academies, and distributors targeting residential consumers, businesses, and megaprojects across the Kingdom. Founded in 1950 and headquartered in Riyadh, Saudi Arabia, the company manages seven subsidiaries including LG Shaker Company Ltd (a joint venture manufacturing energy-efficient air conditioners), Ibrahim Shaker Company Ltd (air-conditioning and appliances trade), Asdaa Alkhaleej Company (Bompani distributor), Ibrahim Hussein Shaker Project & Maintenance Company (marketing services), Shaker Innovative Investments Company, Shaker Contracting Service Company (construction and HVAC installation), and Resilience for Supply Chain & Logistics Services. Recent developments include signing a memorandum of understanding (MoU) in February 2024 with LG Electronics and Saudi Arabia's Ministry of Investment to localize AC compressor manufacturing, which advanced to the feasibility study phase by mid-2024; transitioning to SAP S/4HANA ERP system in July 2024 for enhanced business process management; reducing net debt by 21% in the first half of 2024 amid strong cash generation from operations; and planning portfolio diversification, online expansion, and two new stores as part of a new growth strategy aligned with Vision 2030.