Amiantit in brief

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 as per 31st of Dec. 2013 1,786 in KSA,
1,385 in International
3,171 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 Arabian AMIANTIT Company is a Saudi Joint Stock Company and its shares are traded at Saudi Stock Exchange since January 1996.

BOARD OF DIRECTORS
Chairman HH Prince Ahmad Bin Khaled Bin Abdullah Bin Abdulrahman Al Saud
Directors
  • HRH Prince Turki Bin Mohammed Bin Fahd Bin Abdulaziz Al Saud
  • Dr. Khalil A. Kordi
  • Dr. Abdulaziz Saleh Al-Jarbou
  • Mr. Sulaiman Al-Suhaimi
  • Mr. Sulaiman Al-Amro
  • Mr. Bader Abdullah Al Suwaidaen
  • Mr. Abdulaziz Abu-Al-Saud
  • Dr Solaiman A. Al-Twaijri

MANAGEMENT
Chief Executive Officer & MD Dr. Solaiman Abdulaziz Al-Twaijri
Director of Sales & Marketing Mr. Houssam Ramadan
Director of Operation Mr. Mohammed Saleh Al-Shamrani
Chief Financial Officer Dr. Ammr K. Kurdi
MD, Amiantit Europe Mr. Nick Crofts
Director of Technology Mr. Tomas Andersson
Internal Audit Manager Mraya Lafi Al Subaei
Legal Advisor 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, engineering services and supply of treatment plants.
  • Manufacture and supply of polymer products.
Brands
  • FLOWTITE
  • AMIREN
  • AMIPOX
  • C-TECH
  • SADIP
  • SACOP
  • PWT (PWT Wasser – und Abwassertechnik Gmbh)
Manufacturing Locations:
  • Egypt,
  • Germany,
  • Kazakhstan,
  • Libya,
  • Morocco,
  • Poland,
  • Qatar,
  • Saudi Arabia,
  • Spain,
  • Turkey

Sales Offices:

  • Azerbaijan,
  • Bahrain,
  • Croatia,
  • Estonia,
  • France,
  • Greece
  • Italy,
  • Lithuania,
  • Norway,
  • Romania,
  • Serbia & Montenegro,
  • Sweden,
  • Turkmenistan
Licensees:
  • Argentina,
  • Australia,
  • Colombia,
  • Dubai,
  • Brazil,
  • Mexico,
  • South Africa,
  • USA

FINANCIALS
Year end/fiscal year  31-12-2012 31-12-2013
Currency SAR’000 SAR’000
Net Sales 3,454,795 3,130,672
Net profit 111,338 112,614
Total assets 4,822,506 4,411,355
Paid-up capital 1,155,000 1,155,000
Shareholders’ Equity 1,700,407 1,690,788
Shares outstanding ‘000 112,984 112,984

OTHERS
Auditors PricewaterhouseCoopers ( PWC)
Banks SAMBA Financial Group
National Commercial Bank
Banque Saudi Fransi
BNP Paribas
Riyad Bank
Gulf International Bank
Bank AlBilad
Al-INMA Bank
Bank Al-Jazira
SABB
Saudi Hollandi Bank
Arab Bank Corporation
Bank of Bahrain & Kuwait
Law Firms In-house Legal Counsel