Saudi Arabian Amiantit Co - Company Profile
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Saudi Arabian Amiantit Co (Amiantit) designs, manufactures and supplies various types of pipes and related products. Its main activities include the production and sale of pipe systems and storage tanks, the ownership and sale of pipe technologies, and the provision of water management services, which encompass related consultancy, engineering, and operations. The company’s product portfolio includes ductile iron pipes and fittings products, glass reinforced polyester and vinyl ester products, glass reinforced epoxy products, ductile iron valves products, high density polyethylene products and rubber products, catering to various uses such as potable water, irrigation, industrial water, sewage, and firefighting systems. Amiantit offers various services, including technical services, consultation, installation services, design, engineering and implementation services and water and wastewater treatment. The company's products and services are utilized by industrial clients across sectors such as water management, construction, and engineering. It is associated with several brands, including Flowtite, Amiren, Amipox, C-Tech, Sadip, Sacop, and PWT. The company has a business presence in Egypt, Germany, Kazakhstan, Libya, Morocco, Poland, Qatar, Saudi Arabia, Spain, and Turkey. Amiantit is headquartered in Riyadh, Saudi Arabia.
Headquarters
Saudi Arabia
Address
Building No. 101, 8162 Industrial Area No.1, Dammam, Eastern Province, 32234-336
Website
www.amiantit.com
Telephone
966 13 8471500
No of Employees
3,132
Industry
Construction
Ticker Symbol & Exchange
2160 (SAU)
Revenue (2024)
$184.4M
-18.5%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-117.8%
(2024 vs 2023)
Market Cap*
$168.1M
Net Profit Margin (2024)
XYZ
-121.8%
(2024 vs 2023)
* As of and is in US$
Saudi Arabian Amiantit Co premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Ductile Iron Pipes and Fittings Products | Technical Services | Flowtite |
| Glass Reinforced Polyester and Vinyl Ester Products | Consultation Services | Amipox |
| Glass Reinforced Epoxy Products | Installation Services | C-Tech |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Commercial Operation | In February, the company completed the commissioning phase of the Shuaiba Plant to deliver advanced solutions in infrastructure and water sectors. |
| 2025 | Plans/Strategy | In February, the company launched an initiative to plant 5,000 trees to reduce carbon emissions. This will help the company to improve air quality, and foster a healthier climate. |
| 2025 | Contracts/Agreements | In January, the company partnered with Yash Technologies Inc to overhaul its IT landscape, ensuring operational resilience and meeting the demands of a dynamic global economy. |
Competitor Comparison
| Key Parameters | Saudi Arabian Amiantit Co | East Pipes Integrated Co for Industry CJSC | Arabian Pipes Co | Alwasail Industrial Co | Arabian Steel Pipes Manufacturing Co Ltd |
|---|---|---|---|---|---|
| Headquarters | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia | Jordan |
| City | Dammam | Dammam | Riyadh | Buraydah | Amman |
| State/Province | Eastern Province | Eastern Province | - | Al Qasim | - |
| No. of Employees | 3,132 | - | - | - | 170 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Feras Ghassab Al Harbi | Chief Executive Officer | Senior Management | 2022 | - |
| Ahmad Bin Khaled Bin Abdullah Bin Abdulrahman Al Saud | Chairman | Executive Board | - | - |
| Abdulaziz Bin Mohammad Bin Fahad Bin Abdulaziz Al Saud | Vice Chairman | Executive Board | - | - |
| Asgar Yosuf Sarguroh | Director - Finance | Senior Management | - | - |
| Abdullah Abbas Al-Baz | Director - Senior Operations | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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