Saudi Advanced Industries Company (2120.SR) SAU

24.18

-0.18(-0.74%)

Updated at October 19 03:14PM

Currency In SAR

Saudi Advanced Industries Company

Address

Takhasusi Street with Othman bin Affan Road

Riyadh, Riyadh Province 11553

Saudi Arabia

Phone

966 11 478 9840

Sector

Industrials

Industry

Conglomerates

Employees

4

First IPO Date

March 04, 2010

Key Executives

NameTitlePayYear Born
Mr. Mohammed Faisal AldawsariActing Manager of Governance & Compliance0N/A
Mohammed Abdul Aziz Al ShtawiAdvisor0N/A
Mr. Faisal Fahad Al AssafActing Manager of Investment Department0N/A
Mr. Muhannad Mustafa Al AshqarChief Financial Officer0N/A

Description

Saudi Advanced Industries Company invests in various industrial projects in the Kingdom of Saudi Arabia. It operates in Petrochemical, Glass Industry, Industrial Services, Financial Services and Investments, and Other segments. The company, through its investments, offers heavy maintenance and modification services for civil and military aircrafts; and aromatic or cyclic compounds, purified tralic acids, and polyester granules for bottles and packaging. It also provides marine and geophysical studies; ocean study; and seismic survey, as well as geodetic studies and mapping for the exploration and development of hydrocarbons, minerals, groundwater resources, and natural resources. In addition, the company operates heavy sealers and multi-purpose marine self-propelled platforms for drilling in the gulf waters and oil wells, as well as provides drilling services for oil and gas extraction. Further, it manufactures petrochemicals; and provides mortgage services to individuals and banks. Additionally, the company wholesales and retails glass; provides raw materials for glass and accessories, as well as offers coloring, cutting, and installation of glass. Saudi Advanced Industries Company was founded in 1987 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.