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Amiantit in brief
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SAUDI ARABIAN AMIANTIT COMPANY

BASICS

Company Name

Saudi Arabian Amiantit Company 

Company Type

Joint Stock 

Country

Saudi Arabia 

Ownership Type

Publicly Listed 

Sector / Industry

Building & Construction

Date of Establishment

13th June 1968

No. of Employees

1, 741 in KSA,
1,889 in International
3,630 in total

 

ADDRESS DETAILS

Area

1st Industrial Area Dammam

P.O. Box

 589

City

 Dammam

City Suffix

 31421

Country

 Saudi Arabia

Tel

 +966 3-847-1500

Fax

 +966 3-847-1645

Fax

 +966 3-847-1398

Email

 info@amiantit.com

Website

 www.amiantit.com

 

LEGAL STRUCTURE

The Saudi Arabia Amiantit Company is a Saudi Joint Stock Company and its shares are traded at Saudi Stock Exchange.

 

BOARD OF DIRECTORS

Chairman

HH Prince Khaled Bin Abdullah Bin Abdulrahman Al Saud

Directors

  • HRH Prince Turki Bin Mohammed Bin Fahed Bin Abdulaziz Al Saud
  • Dr. Abdulaziz Saleh Al Jarbou
  • Mr. Bader Abdullah Al Swaiden
  • Mr. Fareed Y. Al-Khalawi
  • Mr. Khalil Abdulfattah Kordi
  • Mr. Sulaiman Abdullah Al Amro
  • Mr. Sulaiman Abdulrehman Al Suhaimi

 

MANAGEMENT

Chief Executive Officer

Dr. Solaiman Abdulaziz Al-Twaijri

Assistant to CEO

Mr. Wehbe M. Rafih

Chief Financial Officer

Mr. Khalid I. Al Rabiah

Vice President,
Arabian Peninsula

Mr. Abdullah A. Al-Madi

Vice President, MENA

Mr. Sahal Jamal Allil

Vice President,
NEA

Mr. Khaled Al-Kordi

Vice President, NAW

Mr. Hartmut Ludwig

Vice President, 
Water Management

Mr. Wehbe M. Rafih

Vice President,
Corporate Services

Mr. Ahmed Al-Gothmi

Internal Auditor

Mr. Ghassan Loutfi

Legal Advisor

Mr. Deha Sezer / Mr. Waleed Abu-Kishk

 

OPERATIONS

Main Activities

The company’s core business activities are:

  • Manufacturing and sale of pipe systems and storage tanks.
  • Ownership and sale of pipe technologies.
  • Provision of water management consultancy and engineering services.
  • Manufacture and supply of polymer products.

Brands

  • FLOWTITE
  • AMIREN
  • AMIPOX
  • C-TECH
  • AMIPLAS
  • VECTUS
  • MEYER POLYCRETE
  • DUCTECH

Manufacturing Locations:

  • Algeria,
  • Argentina,
  • Brazil,
  • Egypt,
  • Germany,
  • India,
  • Italy,
  • Kazakhstan,
  • Morocco,
  • Oman,
  • Poland,
  • Qatar,
  • Saudi Arabia,
  • South Africa,
  • Spain,
  • Turkey,
  • UAE

Sales Offices:

  • Austria,
  • Azerbaijan,
  • Bahrain,
  • Bulgaria,
  • Croatia,
  • Estonia,
  • France,
  • Greece,
  • Italy,
  • Lithuania,
  • Mexico,
  • Mozambique,
  • Norway,
  • Romania,
  • Serbia & Montenegro,
  • Sweden,
  • Turkmenistan,
  • Ukraine

 

FINANCIALS

Year end/fiscal year 

31-12-2006

31-12-2007

Currency

SAR'000

SAR'000

Net Sales

2,659,134

3,101,752

Net profit

20,820

64,102

Total assets

3,661,276

4,060,456

Paid-up capital

1,155,000

1,155,000

Shareholders' Equity

1,195,503

1,320,166

Shares outstanding

115,500

115,500

 

OTHERS

Auditors

Al-Juraid & Company
M. Al-Amri & Company

Banks

SAMBA Financial Group
Banque Saudi Fransi
Saudi Hollandi Bank
National Commercial Bank
Riyadh Bank
Al-Rajhi Bank
Bank Al-Jazira
SABB

Law Firms

In-house Legal Counsel

 

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