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Saudi Arabian Amiantit Company (2160) – Introduction and background |
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Saudi Arabian Amiantit Company is a leading manufacturer and supplier of pipe systems and water management solutions.
Founded in 1968 and headquartered in Dammam, Amiantit serves a critical role in the infrastructure and utilities sectors, providing advanced and durable products for water, sewage, and industrial applications.
The company specializes in producing a wide range of pipe systems, including fiberglass, ductile iron, steel, and concrete pipes, and its business is divided into two segments. The first manufactures and sells pipes, and the other consults and offers water management services. Around 90% of revenue comes from the manufacturing business. Their client base is highly international, with sales offices in over 30 countries, across the water supply, oil and gas, and manufacturing sectors.
Converted to a joint stock company in 1994, Amiantit trades on Tadawul under the ticker 2160. The largest individual shareholder is Khalid bin Salman Al Saud, and the main shareholders are Saudi businessmen, several linked to the ruling Al Saud family.
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8th floor, CI Tower
Corniche Road
PO Box 93894
Abu Dhabi
United Arab Emirates
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ADS Securities LLC (“ADSS”) is authorised and regulated by the Securities and Commodities Authority (“SCA”) in the United Arab Emirates as a trading broker for Over the Counter (“OTC”) Derivatives contracts and foreign exchange spot markets. ADSS is a limited liability company incorporated under United Arab Emirates law. The company is registered with the Department of Economic Development of Abu Dhabi (No. 1190047) and has its principal place of business at 8th Floor, CI Tower, Corniche Road, P.O. Box 93894, Abu Dhabi, United Arab Emirates.
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