Glass industries sector
Obeikan Glass Company was established as a closed joint-stock company in Riyadh with a capital of 200 million Saudi riyals in 2007G. The company’s activity is in the manufacture and production of all types of glass, in addition to the wholesale and retail trade of all types of glass and raw materials for the manufacture of glass and accessories. The company also manufactures, cuts, colors and installs glass, and establishes and manages mining quarries. Obeikan Glass Company is one of the largest facilities in the Middle East with a production capacity of up to 800 tons per day of glass panels and an annual production rate of up to 250 thousand tons with thicknesses from 3 mm to 12 mm and glass panel sizes of up to 6.50 meters in length and 2.66 meters in width.
Under the umbrella of the Saudi Vision 2030 and the National Transformation Program 2020, there is a need to support manufacturing and development in this promising sector and to build marketing capabilities. The glass market is one of the vital and important sectors in many economies around the world. This sector includes the production of different forms and types of glass, such as flat glass (used in windows, doors, and buildings), luxury glass (used in furniture and decoration), laminated glass (used in cars), heat-resistant glass, and insulating glass. There is also an increase in consumption in various industries such as construction and others. Over the coming years, given the Kingdom’s developments and the goals of Vision 2030, the construction market is expected to grow significantly due to huge investments and projects. It will contribute to and support the Kingdom to increase local content, which will increase the demand and the need for glass in the construction industry.
Financial investments and services sector
Masar Al-Numou Finance Company (formerly Deutsche Gulf Finance) started its activities in 2010G.
It is a closed joint-stock company located in Riyadh. The company’s main activity is to provide real estate financing activities, financing small and medium enterprises, commercial financing and consumer financing) by offering pioneering financing products that serve everyone. The company’s products are Sharia-compliant and approved by the Sharia Board of Masar Al-Numou Finance Company.
These products also include residential financing solutions provided in partnership with the Ministry of Municipal and Rural Affairs and Housing and the Real Estate Development Fund.
Vision 2030 is a comprehensive strategic initiative aimed at achieving sustainable development in the Kingdom of Saudi Arabia, with a focus on transforming the financial sector into a key driver of economic growth. The Vision seeks to diversify sources of financing by promoting investment in new sectors, reducing dependence on oil, and enhancing economic sustainability. Key objectives of the Vision include increasing financial inclusion and ensuring access to financial services for all segments of society, including individuals and small and medium-sized enterprises. The Financial Sector Development Program supports innovation through financial technology (FinTech), which contributes to providing more efficient and accessible financial services, thus improving customer experiences.
Low interest rates are also expected to reduce the cost of loans, encouraging individuals and businesses to obtain new loans, including mortgages. This will boost purchasing power and increase demand for real estate, supporting market recovery. In addition, low prices can improve the repayment capacity of potential tenants and buyers, contributing to overall financial stability. The government aims to raise the homeownership rate among citizens to 70% by 2030G, which requires expanding financing and housing options. The recent updates to mortgage laws and regulations aim to simplify operations and enhance the investment environment, by introducing laws such as “leasing” and “mortgage”. In general, the decline in interest rates is expected to have a significant positive impact on the economy, especially in the mortgage sector.
Industrial services sector
Established in 2003, TAQA (Energy Manufacturing and Services Company) is a global company headquartered in Dhahran, Saudi Arabia. TAQA provides leading well services solutions to the energy sector, creating value and opportunities for all stakeholders. TAQA employs over 5,000 people in over 20 countries and serves multiple global markets.
TAQA has a broad portfolio of well solutions worldwide, covering all phases of oil and gas well completion, both through its wholly-owned solutions and through existing strategic partnerships.
The well solutions portfolio includes:
Well Testing & Early Production Facilities
Coiled Tubing, Stimulation & Intervention Services
Well Completions
Cementing
Drilling Solutions
Wireline & Slickline Services
Hydraulic Fracturing
Inspection
Safety Services
Seismic Services
Drilling Rigs
Geothermal Services
Chemical Solutions
Food sector
The company was established in 2007 in Khamis Mushait as a limited liability company with a capital of SAR 600,000, and was later converted into a closed joint stock company in 2022, At the end of 2022, the company obtained the approval of the Capital Market Authority to register its shares for direct listing on the parallel market, and on 03/19/2023, it was listed on the Saudi market.
Its core business activities include the import, purchase, and sale of eggs; the purchase and sale of chicks; poultry breeding, feeding, and veterinary care. The company also owns, operates, and manages poultry farms; constructs, installs, and equips poultry houses; establishes and operates poultry feed mills; and manages slaughterhouses for chicken processing and portioning. In addition, the company markets and distributes its products through retail outlets and authorized distributors.
The company manages an investment portfolio through licensed firms regulated by the Capital Market Authority, focusing on Saudi public equities that comply with Shariah guidelines.
In line with Saudi Arabia’s economic direction and Vision 2030, SAIC has conducted a thorough review of its investments and established a clear strategic plan centered on high-growth companies that align with its vision.
We believe these companies will experience sustainable growth in the coming years, forming the foundation of the company’s investment strategy.