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LG and Shaker Advances their Air Conditioning Academy In Saudi Arabia

09 October 2018

Shaker Group, the sole distributor for LG Air Conditioners in Saudi Arabia, has inaugurated the expansion and advancement of its integrated LG Air Conditioning Academy. The Academy, funded by LG Air Conditioners, was announced at Shaker's premises in Riyadh and attended by LG & Shaker top management and representatives.
The Academy embraces a wide range of LG Commercial Air Conditioning solutions demonstrating pre-sales solutions with the ultimate goal of providing industry-leading after-sales services.

Shaker Group, the sole distributor for LG Air Conditioners in Saudi Arabia, has inaugurated the expansion and advancement of its integrated LG Air Conditioning Academy. The Academy, funded by LG Air Conditioners, was announced at Shaker's premises in Riyadh and attended by LG & Shaker top management and representatives.

The Academy embraces a wide range of LG Commercial Air Conditioning solutions demonstrating pre-sales solutions with the ultimate goal of providing industry-leading after-sales services.

Mr. Azzam Saud Almudaiheem, Chief Executive Officer at Shaker Group, commented: "The launch of the Academy establishes the parallel strategic directions of Shaker & LG as they endeavor to provide the best Product Knowledge and education about advanced technologies in LG Air Conditioning products. The training sessions are designed to support our business partners in maintaining their best practice standards. Over the years, LG and Shaker Group have dedicated their efforts to improving the quality of life for all customers by delivering ground-breaking, Energy Efficiency Solutions ".

The Academy has been implemented to ensure that the best practical training support and skills are being provided to young Saudi professionals in the market. The Academy covers a diverse range of topics, ranging from LG Multi V™ (VRF) system selection, installation practices and comprehensive servicing for all products. The innovative new platform, delivered using the unique experiences of the Academy’s professional staff, encompasses ‘Application Showroom’, ‘Lecture Room’, and industry-leading practical ‘Training Room’ facilities, which incorporate the latest technological advancements in the market.

"The demand for best practice installation training has increased due to significant technological advancements in the Air Conditioning market. LG is proud to sponsor and collaborate with Shaker Group in launching the LG-Shaker Air Conditioning Academy here in Saudi Arabia,” explains Mr. Kevin Cha, LG Regional Head Quarter President. "We have a deeply rooted commitment to provide our workers with high-level training to mirror the best practices for the industry at a state-of-the-art facility".

Trainees will gain valuable first-hand experience in the implementation processes of the products' installation, operation, and centralized network solution under the guidance of professional experts. The ‘Application Showroom’, however, has also been equipped to illustrate the different applications of LG Multi V™ products across a variety of targeted HVAC sectors. The Academy recognizes that separate zones reflect the Multi V™ implementation across Residential, Hotel, Schools, and Office applications.

The Academy project is part of the Shaker and LG development plans for the Saudi market, with the overall aim to enhance the depth and breadth of HVAC solutions. Through expanding sector growth, Shaker and LG strive to improve the capabilities of young Saudi professionals and educate them on the availability of Energy Efficiency Solutions in line with the Saudi Vision 2030.

Shaker Group continues to increase efficiency via strategic cost optimization initiatives

14 August 2018

Shaker Group (the “Company” or the “Group”), the leading importer, manufacturer and distributor of Air Conditioners and Home Appliances in Saudi Arabia, has announced results achieved by the Company’s ongoing efficiency program. As Group sales continue to face pressure – the result of a slowdown in the local construction sector – efficiency initiatives have become a core aspect of management’s strategy.

Shaker Group (the “Company” or the “Group”), the leading importer, manufacturer and distributor of Air Conditioners and Home Appliances in Saudi Arabia, has announced results achieved by the Company’s ongoing efficiency program. As Group sales continue to face pressure – the result of a slowdown in the local construction sector – efficiency initiatives have become a core aspect of management’s strategy.

The Group’s inventory dropped to SAR 598 million in Q2 2018, a decrease of 19.6% compared to the corresponding period in the previous year. This was driven by a conservative approach to re-ordering and the liquidation of selected items. In addition, trade receivables decreased to SAR 559 million, a 27.4% drop compared to Q2 2017, which was primarily due to a greater emphasis on collection before further sales.

The Company has also rationalized employee costs, reducing the total to SAR 31 million for Q2 2018, as compared to SAR 38 million in Q2 2017. The Company’s debt position has improved on a year-on-year basis, with total loans for Q2 2018 reducing to SAR 717 million, from SAR 830 million in Q2 2017 – a decrease of 13.6%.

Eng. Azzam Saud Almudaiheem, Chief Executive Officer at Shaker Group, commented:
“Over the last year, we have focused on improving efficiency in all aspects of Shaker Group’s operations. This quarter we have reported lower expenses, which have been driven mainly by reduced employee costs and lower rental payments. Such reductions are the result of headcount optimization measures and rationalization of our outlet footprint, in line with the Company’s ongoing efficiency program. We are pleased to see that our strategy is already proving to be effective, and we are continuing to work on initiatives that will increase efficiency and drive sales. In a challenging market environment, we remain focused on improving our margins by operating more efficiently as a business.”

The Group has implemented various supply chain initiatives to transform fixed costs of rent and manpower into variable costs, reduce inventory levels by reducing safety stock, and improve freight consolidation opportunities. The Company is also implementing Sales & Operation Planning (S&OP), to drive collaboration, focus and alignment across divisions and departments. Typical S&OP results could include a 50-70% reduction in planning cycle time, a 15-30% improvement in forecast accuracy, a 10-20% reduction in excess inventory and a 25% reduction in stock non-availability situations. In line with this plan, the Group has successfully reduced its warehouses from 21 in 2016, to 13 in 2017, and 4 in 2018.

The Group, which is listed on Tadawul (symbol: SHAKER), is a leader in the Saudi market as both a distributor for international electrical brands, and a local manufacturer of LG Air Conditioners. The Group’s portfolio brands include LG, as well as Indesit, Ariston, Maytag, Midea and Bissell in the home appliances segment. In 2015, the Group increased its stake in the UAE’s Emirates Energy Management Services (EMS) from 20% to 74%, and in establishing the Energy Services Company (ESCO) took an important strategic step towards diversifying the Group’s operations and revenue streams

Shaker Group’s ESCO Signs Saudi MoU with “SIGNIFY” the new company of Philips Lighting

05 June 2018

Shaker Group (the “Company” or the “Group”), the leading importer, manufacturer and distributor of Air Conditioners and Home appliances in Saudi Arabia, has signed a Memorandum of Understanding (“MoU”), with Signify, the new company of Philips Lighting, which is the global leader in lighting. In line with its strategy to expand its energy efficient products and services, the MoU was signed with Shaker Group’s subsidiary, Energy Services Company (ESCO), a rapidly growing business that specializes in energy efficiency solutions. The MoU will harness the expertise and resources of both ESCO and Signify, to deliver efficiency studies and retrofitting across Saudi Arabia, with a focus on LED lighting solutions.

• Shaker Group sees energy efficiency opportunity provided by Saudi Vision 2030
• ESCO’s MoU with Signify will strengthen and diversify Saudi operations
• The Saudi government has committed over SAR 2 billion to energy efficiency projects Shaker


Group (the “Company” or the “Group”), the leading importer, manufacturer and distributor of Air Conditioners and Home appliances in Saudi Arabia, has signed a Memorandum of Understanding (“MoU”), with Signify, the new company of Philips Lighting, which is the global leader in lighting. In line with its strategy to expand its energy efficient products and services, the MoU was signed with Shaker Group’s subsidiary, Energy Services Company (ESCO), a rapidly growing business that specializes in energy efficiency solutions. The MoU will harness the expertise and resources of both ESCO and Signify, to deliver efficiency studies and retrofitting across Saudi Arabia, with a focus on LED lighting solutions.

The Saudi government has committed over SAR 2 billion to energy efficiency projects across the Kingdom. Driven by the country’s energy efficiency agenda, Signify’s role within the MoU will be to provide direct support to ESCO projects through systems and technologies, creating synergy between an industry-leading global player and an established local company.

Eng. Azzam Saud Almudaiheem, Chief Executive Officer at Shaker Group, commented:

“ESCO and Signify, the new company of Philips Lighting are working hand in hand to support the Kingdom’s energy efficiency agenda, which is an important part of our country’s wider socioeconomic programme. Through this strategic partnership, we aim to achieve the highest level of energy efficiency in government-owned and commercial buildings, by carefully evaluating requirements and fitting best-in-class products. Our aim is to deliver nothing less than a global standard across projects, and we are certain that our local expertise, combined with Signify’s unrivalled experience in delivering energy efficient systems, will prove to be a great success.”

In 2017, ESCO was awarded the Saudi Energy Efficiency Centre’s (SEEC) Certificate of Qualification – making it the first private sector company in the Kingdom to receive such accreditation. The SEEC qualification provides the company with a license to assess engineering services for efficiency standards, lead on energy efficiency project management, conduct data and building audits, and measure and verify services.

“The receipt of our SEEC accreditation is testament to our business’ track record in delivering on a number of distinguished and environmentally-friendly projects, and we look forward to working together with Signify in helping drive further momentum. At Group level, we have identified a clear opportunity in the efficiency space, with utilities tariffs increasing, and businesses and homeowners looking to reduce their energy spend. We’re in a good position to utilize both our experience and our technology, to take full advantage of this scenario.” continued Eng. Almudaiheem.

Mr. Alaa Ameen, CEO of Signify Saudi Arabia, commented on the MoU:

"We provide a full range of innovative energy efficient systems and solutions in Saudi Arabia, and look forward to benefitting from our MoU with Shaker Group, in direct support of the Government’s ‘Tarsheed’ programme, which has the objective of increasing and boosting energy efficiency in the Kingdom.”

Signify, became the new company of Philips Lighting on May 16, 2018. The legal name of Signify will be adapted in KSA in the course of January 2019. Globally, the company employs around 32,000 people with operations in more than 70 countries. Signify's global presence enables it to cross-share and leverage its expertise to deliver on customer expectations, while allowing new innovations and ideas to be harnessed throughout the company for brighter lives and a better world.

Shaker Group, which is listed on Tadawul (symbol: SHAKER), is a leader in the Saudi market as both a distributor for international electrical brands, and a local manufacturer of LG Air Conditioners. The Group’s portfolio brands include LG, as well as Indesit, Ariston, Maytag, Midea and Bissell in the home appliances segment. In 2015, Shaker Group increased its stake in the UAE’s Emirates Energy Management Services (EMS) from 20% to 74%, and in establishing ESCO took an important strategic step towards diversifying the Group’s operations and revenue streams.

Bringing high levels of performance and energy savings
LG's Multi V ™ 5 (VRF) rolled out in the Saudi markets

02 May 2018

Shaker Group, the sole agent for LG Air Conditioners in Saudi Arabia and many other prominent Home Appliances brands, is introducing to the Saudi market LG's fifth generation VRF air conditioning system, being the latest Multi V 5 line utilizing industry-leading technologies, pushing boundaries even in the region's most strenuous climates with its well-run practicality that boosts both energy efficiency and user comfort.

Shaker Group, the sole agent for LG Air Conditioners in Saudi Arabia and many other prominent Home Appliances brands, is introducing to the Saudi market LG's fifth generation VRF air conditioning system, being the latest Multi V 5 line utilizing industry-leading technologies, pushing boundaries even in the region's most strenuous climates with its well-run practicality that boosts both energy efficiency and user comfort.

LG's Multi V 5 new flagship AC solutions was introduced in two big ceremonies which took place in both Riyadh and Jeddah, attended by a large number of Shaker Group clientele , traders, consultants and distributors as well as member of the press ,journalists and media representatives.
During the ceremonies, speakers focused on LG's Multi V5 ACs huge advantages with their improved seasonal capacities that smartly adapt to different climatic conditions, contributing to energy efficiency and cooling capacity.
The Multi V 5 features newest innovative technologies, including the advanced design of “Ultimate Inverter Compressor”, the "Dual Sensing Control System" which monitors temperature and humidity levels, as well as the new Heat Exchanger with modern specifications, joined together to boost efficiency and reduce electricity consumption.

Mr. Azzam Saud Almudaiheem, the Executive Director of Shaker Group, had to say on the launch of LG's Multi V5.: "We have joined all of our efforts with the efforts deployed by the LG Research and Development Centers around the globe to access the latest technologies in the field of refrigeration, air-conditioning and heating, taking into account the current demands of our local market. This can be achieved by integrating energy energy-saving and low-cost operational solutions". "Our strategy aims to support the Kingdom in providing sustainable and energy efficiency solutions, moving in line with the Vision of 2030. Such directives motivate us to deliver more lavish technologies to capably fulfill our market needs and conserve our energy resources as well, Mr. Azzam added.

Characterized by advanced designs and high capabilities, Shaker Group's projects are covering many of the residential, commercial, airports, hospitals, banks, shopping malls, hotels, and government buildings. The Group is marching ahead confidently, keeping abreast of the latest developments in our industry. It is worth mentioning that Shaker Group is now providing LG's Inverter technology in all its residential split ACs and its commercial ACs in the Kingdom, the perfect combination of high design innovation with advanced technology know-how, for an ultimate cooling experience.

 
 
 

SHAKER GROUP SHOWCASES LATEST INNOVATIONS IN LG ENERGY-EFFICIENT SOLUTIONS AT HVAC R EXPO SAUDI

15 January 2018

Shaker Group is participating in the Saudi Air Conditioning Exhibition (HVAC R EXPO) in Jeddah during January 14-16 2018, in recognition of its leading position in the Air Conditioning industry for more than 65 years of collective expertise. Shaker's contribution in HVAC Exhibition reflects its enthusiasm to keenly participate in the vital economic activities that support the governmental efforts and move in line with the Kingdom Vision 2030, which puts an eye on achieving high-quality energy-efficient constructional projects to promote sustainable development. In HVAC Exhibition, Shaker Group demonstrates the up-to-date of LG's worldwide, advanced, and energy-efficient ACs solutions.

Shaker Group is participating in the Saudi Air Conditioning Exhibition (HVAC R EXPO) in Jeddah during January 14-16 2018, in recognition of its leading position in the Air Conditioning industry for more than 65 years of collective expertise. Shaker's contribution in HVAC Exhibition reflects its enthusiasm to keenly participate in the vital economic activities that support the governmental efforts and move in line with the Kingdom Vision 2030, which puts an eye on achieving high-quality energy-efficient constructional projects to promote sustainable development. In HVAC Exhibition, Shaker Group demonstrates the up-to-date of LG's worldwide, advanced, and energy-efficient ACs solutions.

Commented on the event, Mr. Azzam Soud Almudaiheem, Chief Executive Officer of Shaker Group, said: "Shaker Group capably adapts yearly to the myriad and rapid technological global changes and developments witnessed in the advanced Air Conditioning and refrigeration systems. The Group dedicates its entire research and developmental capabilities and sophisticated technologies to achieve the needs of all consumers, yet moving in compliance with the government's contributions to rationalize energy consumption.

LG 2018 products brings integrated solutions including an assortment of functional units and multi-sized advanced residential and commercial Air Conditioners. These products are mainly characterized by premium quality, high efficiency and durability, innovative specifications, and lifestyle designs to satisfy every taste, provide high degree of user comfort and safety, and help making life good with strengthening the sustainability.

The event presented an ideal occasion for us to meet with customers, investors, developers, contractors and the other various parties involved in the business of residential, central and applied Air Conditioning systems in the Saudi market.

Shaker Group participates in SASO quality conference

17 December 2017

SHAKER Group has recently participated in the SASO 6th National Quality Conference organized by the Saudi Standards, Metrology and Quality Organization held at Sheraton Dammam.

SHAKER Group has recently participated in the SASO 6th National Quality Conference organized by the Saudi Standards, Metrology and Quality Organization held at Sheraton Dammam.

This Conference, under the patronage of Dr. Majid bin Abdullah Al Qasabi, the Minister of Commerce and Investment, and the Chairman of SASO's Board of Directors, was considered the best opportunity to exchange experiences and to know the latest updates in a vital field.

Shaker Group showcased its high quality, innovatively designed products. The Group is the sole authorized distributor for LG Air Conditioners and the world's leading brands of home appliances including Indesit, Ariston, Maytag, Bissell, Kitchen Aid and Midea in Saudi Arabia.

Being a leading company in Saudi market, Shaker Group’s exclusive participation with SASO’s conference demonstrates their high level of collaboration with SASO and showcased its supportable commitment to high quality standards of all its products. Shaker’s products are fully compliant to "SASO" standards, providing a wide range of unique features. The Conference was an excellent platform for Shaker to discuss new trends and innovative ideas in their industry that is witnessing significant growth in the Kingdom.

Eng. Azzam Saud Almudaiheem, Chief Executive Officer of Shaker Group, said: “Shaker Group prides itself on being a world-class leader for more than 65 years, utilizing superior technologies and high quality products including world leading brands from Korea, USA, and Europe”.

He praised the high quality of the locally manufactured air conditioning units in the LG - Shaker plant in the Kingdom. “These units have been manufactured at the highest international standards same as their counterparts that have been fabricated in the LG various factories around the globe”, Azzam added.

Shaker Company announces the Appointment of a new Chief Executive Officer and the Cancellation of Assignment of its Acting Chief Executive Officer

15 November 2017


Shaker Company Announces its Board decision to cancel the assignment of its Country Manager Mr. Hakam Abu Risheh from his post as acting CEO , and the appointment of Eng. Azzam Almudaiheem as a new Chief Executive Officer for the Company effective 19-11-2017.


Shaker Company Announces its Board decision to cancel the assignment of its Country Manager Mr. Hakam Abu Risheh from his post as acting CEO ,  and the appointment of Eng. Azzam Almudaiheem as a new Chief Executive Officer for the Company effective 19-11-2017
.

Eng. Al Mudaiheem  holds a BSc – Mechanical Engineering with Honors from King Saud University, and attended several specialized courses at leading institutions such as INSEAD in France, Meirc and IDP. He also served as the GM for MASDAR Company and held senior management positions in several companies, most notably Al-Muhaidib Group and a board member for several companies operating in the industrial,and trading sectors.
The Chairman and BOD members extend their thanks and appreciation to Mr. Hakam Abu Risheh for his efforts during the period of his assignment, and wishing full success to Eng. Azzam Almudaiheem  in his post, duties and new responsibilities

Shaker Group is the First Saudi Company to be Fully Accredited by The Saudi Energy Efficiency Center (SEEC)

06/08/2017
16 August 2017


Shaker Group, through its (ESCO) subsidiary specialized in Energy Solutions, has attained another new success by obtaining the Certificate of Qualification granted by the Saudi Energy Efficiency Center (SEEC) as the first Saudi company in the private sector to honor this all-inclusive accreditation. The Company’s entitlement to this position is attributed to its fulfillment of the relevant requirements and conditions, in addition to the Company’s long experience in the field, quality of services and solutions in energy efficiency demonstrated by a portfolio of environmentally friendly projects done by the Company during the past years, up-to-date technologies, attainment of certificates of excellence, and high-level of human and executive experiences.

Shaker Group, through its (ESCO) subsidiary specialized in Energy Solutions, has attained another new success by obtaining the Certificate of Qualification granted by the Saudi Energy Efficiency Center (SEEC) as the first Saudi company in the private sector to honor this all-inclusive accreditation. The Company’s entitlement to this position is attributed to its fulfillment of the relevant requirements and conditions, in addition to the Company’s long experience in the field, quality of services and solutions in energy efficiency demonstrated by a portfolio of environmentally friendly projects done by the Company during the past years, up-to-date technologies, attainment of certificates of excellence, and high-level of human and executive experiences. 

Mr. Jameel Abdullah Al Molhem, Managing Director of Shaker Group, praised the Shaker Group’s success. He stated: “Shaker Group enjoys a good reputation in energy efficiency solutions, it skillfully adopted a lofty goal that we all aspire to achieve: to deliver the best and latest methods to reduce waste and to achieve the highest efficiency in the use of energy resources enjoyed by our beloved Kingdom. Our eligibility for this certificate issued by the Saudi Center for Energy Efficiency entitles us to provide smart services and apply them to the buildings in the Kingdom including the current ones and those which are under the planning phase. This confirms that Shaker Group’s is utilizing the most innovative approaches in its products and services in line with Kingdom's Vision 2030 that aimed at making Saudi Arabia a pioneering model in energy efficiency solutions and renewable energy’s smart application in all projects and buildings, not only in the region, but at the highest international levels”.
 
Under this certification, ESCO will deliver architectural design services dedicated to energy efficiency criteria, management of energy efficiency projects in buildings, data review and buildings thoroughness, deliverance of energy efficiency solutions, measurement services and verification of energy consumption rates.
 
It is worth to mention that the "EMS" is also a subsidiary of Shaker Group established in 1991 as the first one in the Middle East to provide Energy Management Solutions, with over 25 years of regional experience. Shaker Group projects are covering the residential, commercial, airports, hospitals, banks, shopping malls and government buildings. They are milestones that boost the Group’s march of marvelous performance in the Kingdom.

Reducing Energy Consumption up to 53% plus 10 Years Warranty
Shaker Group launches the New Generation of Dual Inverter ACs

21 April 2017

Shaker Group, the sole distributor of LG Air Conditioners in Saudi Arabia, conducted recently the annual dealer’s conventions in five Saudi cities. The events were attended by over 1,500 VIP guests, including LG Air Conditioners’ dealers, contractors, developers and media people.

Shaker Group, the sole distributor of LG Air Conditioners in Saudi Arabia, conducted recently the annual dealer’s conventions in five Saudi cities. The events were attended by over 1,500 VIP guests, including LG Air Conditioners’ dealers, contractors, developers and media people.  
Commented on the event, Mr. Jameel bin Abdullah Al Molhem, Managing Director of Shaker Group said: “We are keeping pace with the world’s transformations and advances in the field of cutting-edge air conditioners and cooling systems. We devoted our efforts with our global partner LG Electronics to develop the most advanced Air Conditioners with the dual inverter technology that meets the consumer's needs, and move in line with the government’s ambitious plans on energy preservation as per the Kingdom’s Vision 2030. Shaker Group prides itself to unveil, in this time specifically, the new generation of energy-saving ACs, responding to the existing priorities and to satisfy the Saudi consumer’s needs. With this in mind, we have launched our promotional campaign "Jeet Bwaktag - Just in Time" aimed at enlightening the local market of the huge capabilities of the Dual Inverter ACs.

During the event, Mr. Maissam Hannawi, Vice President of Marketing at Shaker Group, elaborated more on the LG’s innovative A/C products with the dual inverter technology through his interactive presentation that revealed the smart capabilities and countless benefits of this advanced products. “The new AC is capable of reducing the electricity bill up to 53%, as per the international TUV Laboratory’s certified tests. It also provides up to 60% faster cooling. And it comes with a generous 10-year warranty on compressor”. Those advantages respond to today’s requirements of the Saudi consumers in terms of energy saving consumption, especially with the upcoming increase in electricity tariff rates. As known, many countries in the world had already shifted completely to the inverter technology and banned the import of the conventional compressors.

Featuring innovative and advanced technologies, LG have enjoyed a top position as the global No.1 selling air conditioning brand, as reported by the Euro Monitor International.

Free Maintenance Campaign for Mosques” delivered by Shaker Group
Repair of 5,000 Air Conditioners in 500 mosques all over the Kingdom

09 November 2016

Shaker Group, the sole distributor of LG Air Conditioners in Saudi Arabia, has launched a campaign of free maintenance in the mosques all over KSA in preparation for the holy month of Ramadan under the slogan (Our mosques, our responsibility) The campaign aims at providing comfortable atmosphere to the worshipers in order to assist them in performing their prayers and rituals easily. A technical team of maintenance from Shaker Group visited the mosques in all the regions of KSA to offer the free maintenance services including air filters cleaning, Freon examination and spare parts changing during all the whole week of the campaign.

Shaker Group, the sole distributor of LG Air Conditioners in Saudi Arabia, has launched a campaign of free maintenance in the mosques all over KSA in preparation for the holy month of Ramadan under the slogan (Our mosques, our responsibility)

The campaign aims at providing comfortable atmosphere to the worshipers in order to assist them in performing their prayers and rituals easily. A technical team of maintenance from Shaker Group visited the mosques in all the regions of KSA to offer the free maintenance services including air filters cleaning, Freon examination and spare parts changing during all the whole week of the campaign.

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