Xiu Conglomerate
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| Holding | |
| Traded as | KWK: XIU |
| Industry | Transport Logistics Media Telecommunication Financial institutions Portfolio investment |
| Founded | November 11, 1866 (in its current form) |
| Founder | House of Xiu |
| Headquarters | Yajaxil of Oxmal,Oxmal |
Area served | Worldwide |
Key people | K'ilek Xiu |
| Revenue |  4 billion B'ul |
| 1.6 billion B'ul | |
 2 billion B'ul | |
| Total assets | 80 billion B'ul |
Number of employees | 65,000 (2020) |
| Subsidiaries | Xiu Transport & Logistics Oxmal Media Group Capacitor Innovation Xiu Insurance Xiu-Chi Banking |
The Xiu Conglomerate is a Mutulese company headquartered in Oxmal. The company is the economic emanation of the House of Xiu and is the result of the process of consolidation and centralization of the lineage's activities, the modern successors of previous similar institutions that have existed since at least the 15th century.
Through its fillial it's main activities are in transport, fret, logistics, medias, telecommunications, insurance and retail banking. It is one of the 10 largest company of the Mutul. It is also active in research, collaborating direcctly with the Rezeses Noble Houses through their respective fillials in the development of new way to stock and transport energy, in the form of batteries or others.
It is listed on the K'uhul Wayib' K'iwik exchange, but the main Xiu lineage retains majority control of the company through a complex and indirect holding structure.
History
The Virtuous House, or Xiu Nimja is the oldest continuous lineage of the Mutul, capable of tracing its roots without interruption back to Asuitok the Dwarf-King, founder of Oxmal in the 3rd century AD. Since then, A Xiu has always been the leader of the city be it as an independent ruler, a vassal of the Ytze, of the Kawkom, of the K'uy or Ilok'tab dynasties. Through their political control of the region, they maintained themselves as the prime bankers, insurers, and jurists of their Yajawil. In the 16th century they're the main investor behind the fourth recorded Nuk Nah: the "Company of Waymil". During the 17th and 18th centuries, Waymil was one of the main trade hub of the Mutul, with the Xiu Dynasty becoming responsible for an important Stock exchange that developed there, where it was possible to invest in the merchant fleets of the Nuk Nah. In their position of "protector" of both the Yajawil markets and the Waymil Nuk Nah, the Xiu developed their activities as insurers, lenders, investors, and suppliers.
With the end of the Mutulese Ochran and the Sajal War, the Yajawil of Oxmal went through a difficult economic crisis. The Xiu, who had temporarily lost their seat as Yajaw of Oxmal, agreed to consolidate most of their financial activities with those of their once-rivals for Makrian and Ochranese trades. This formed the basis of the Western Maritime Bank which remain one of the "Big Four" Commercial banks of the Mutul.
Nonetheless, to survive the evolution of society, the House of Xiu also consolidated its other activities into the modern Xiu Conglomerate.
Operations
The Group's principal activities are as follows:
- Xiu Transport & Logistics : freight forwarding by sea, land and air, ports, handling and shipping services, operation of shipping lines. This business divisions was valued at 40 billion B'ul in 2019 making up half of the companies total value.
- Xiu Insurance : A multinational company headquartered in Oxmal with three sub-branches for Life insurance, Property insurance, and Health insurance. It is the largest provider of life insurance in the Yajawil of Oxmal, and recently begun operations at the international such as Tikal since 2019 and Elatia since 2020.
- Xiu-Chi Banking : Originally simply known as Chi Banking, the Xiu Family Holding became the main shareholder of the institution in 1997 and added it to their Conglomerate. Focused on Commercial banking, their main clients are Oxmaleses entrepreneurs, farmers, and the general Oxmalese public. Attempts by Xiu-Chi banking to expand its investment division in the 2000s were thwarted by legal complications.
- Oxmal Media Group : A local commercial broadcasting network, it is mainly known for its television channel and radio programs but is also a major shareholders in most local newspapers of the Yajawil of Oxmal. Despite operating at a loss, the Xiu Familial Holding has been vindicative about retaining complete ownership of the enterprise. It also owns 60% of the media and communications company Baxil.
- Capacitor Innovation : specialized in the conception of electric buses and cars, it owns 80% of the battery manufacturer Sling Electrics.