News

Khobar, Saudi Arabia – July 14, 2025: Nesma & Partners, the leading integrated projects solutions company in Saudi Arabia, today announced the successful completion of its acquisition of Al Yusr Industrial Contracting Company (AYTB), a prominent provider of industrial services in the Kingdom.

This strategic investment positions Nesma & Partners as the leading integrated industrial services platform, enhancing its capabilities across the energy, infrastructure, and industrial sectors in alignment with Saudi Arabia’s Vision 2030 development objectives.

AYTB will continue to operate as an independent company within the Nesma & Partners group, preserving its organizational structure, brand, and operational autonomy. This acquisition enhances both companies’ capacity to deliver high-value project solutions across the whole asset lifecycle—from consulting, engineering, construction, and commissioning to operations, maintenance, and upgrades.

“We are proud to welcome AYTB into the Nesma & Partners family,” said Samer Abdul Samad, Chief Executive Officer of Nesma & Partners and newly appointed Chairman of AYTB. “AYTB has built a remarkable legacy of performance, particularly in Operations & Maintenance and Plant Industrial Services. This partnership is based on mutual respect, complementary strengths, and a shared commitment to operational excellence.”

As part of this transition, Cristiano Tortelli has been appointed as Chief Executive Officer of AYTB. Mr. Tortelli brings more than 30 years of global experience in energy and industrial services and has been actively involved in the transaction from its early stages. His leadership will support AYTB’s next phase of growth while maintaining continuity across all operations.

“I am honored to join AYTB as CEO at this exciting moment,” said Cristiano Tortelli. “Together with the leadership team and the skilled workforce across AYTB, we will strengthen what has already been built, grow with confidence, and deliver sustainable value to our clients and stakeholders.”

About Nesma & Partners group

Nesma & Partners group is the leading provider of integrated project solutions in the Kingdom of Saudi Arabia. With a strong legacy in contracting, Nesma & Partners has grown its footprint both locally through its contracting and industrial services and globally through its wholly owned subsidiary, Kent, a renowned leader in engineering and project management services.

What began in 1981 as a contracting firm to meet the growing demands of an emerging economy in the rapidly developing Kingdom of Saudi Arabia, has evolved today into a diversified group delivering end-to-end, reliable, and innovative services across the energy, infrastructure, and building sectors, spanning consulting, engineering, construction, commissioning, operations, and maintenance.

Jointly owned by Nesma Contracting Limited, Alturki Holding, Rawabi Holding, and the Public Investment Fund (PIF), the group is deeply committed to Saudi Arabia's Vision 2030, driving national transformation through consistent innovation, strategic capacity building, and a firm dedication to sustainable growth.

Website: www.nesmapartners.com

About Al Yusr AYTB Company
AYTB is a leading Saudi, multi-disciplinary industrial contracting company providing a range of services and solutions to oil & gas, petrochemical, power generation and other major industrial sectors of Saudi Arabia. Boasting over 40 years of experience in the fields of plant project services, manufacturing, industrial services, operations and maintenance, and housing and catering, AYTB has more than 6,000 dedicated employees willing to serve, seeking to fulfill their stakeholders’ aspirations and clients’ satisfaction.

Website: https://www.aytb.com/