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Profitable Saudi Industrial Manufacturing Group For Sale

Dammam, Ad Dammam, Saudi Arabia
Asking Price:
$42,000,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$46,000,000 (USD)
Cash Flow:
$6,400,000 (USD)

Here is the general summary and highlight of the selling points structured for a business-for-sale listing, keeping the descriptions professional, compliant, and free of phone numbers or email addresses:


General Summary
An established industrial manufacturing group operating in the Kingdom of Saudi Arabia for over 27 years (since 1998). Headquartered in the Second Industrial City of Dammam, the business specializes in the design and manufacture of high-quality GRP/FRP fiberglass products and precision steel fabrication tailored for the electrical, industrial, water and wastewater, oil & gas, and infrastructure sectors.

Operating across three dedicated facilities—a Fiberglass Products Plant, a Manufacturing Plant, and a Metal Products Plant—the company has built a robust operational foundation and serves as a trusted tier supplier anchored by major utility and quasi-sovereign accounts. With clean audit histories (IFRS for SMEs), near-zero bank debt, and an exceptionally strong balance sheet, this business represents a premier acquisition target in the Saudi industrial space.


Key Selling Points
• Decades of Proven Track Record: Operating continuously since 1998 with over 27 years of deep market expertise, technical know-how, and established manufacturing infrastructure in Saudi Arabia's industrial heartland.

• Diversified Tri-Plant Capabilities: Operates three specialized operational facilities covering fiberglass solutions, general manufacturing, and metal products, providing diversified revenue streams across major industrial verticals.

• Strong Anchor Clientele & High Credit Quality: Long-standing relationships with premier regional utilities and quasi-sovereign entities (including major electrical infrastructure providers), ensuring secure, reliable, and low-risk counterparty collection terms.

• Solid Financial Performance & Low Debt: Demonstrated financial resilience with multi-million-SAR annual revenues, healthy EBITDA margins, and a virtually debt-free balance sheet supported by strong working capital ratios.

• Certified Quality Standards: Facilities operate under recognized international compliance frameworks, including ISO 9001, ISO 14001, and ISO 45001, with ongoing product certifications positioning the firm for expanded regional market share.

• Strategic Growth & Expansion Upside: Significant untapped potential for future scale, including prospective regional programs aligned with national industrial strategies (such as planned expansions into GRP pipes and specialized FRP tanks).

• Experienced Management Structure: Fully functional day-to-day operations managed by an experienced General Manager, Administration Manager, and Operations Manager, ensuring seamless transition and business continuity for the incoming owner.

Property Information

Real Estate:

Lease

Lease Terms:

The business operates from leased facilities in the Second Industrial City, Dammam. Lease agreements are in place for all three plants for 30 years

Leasehold Rent:

$27,000 (USD) per annum

Living Accommodation:

accommodation building available

Location:

Dammam - Saudi Arabia

Premises Details:

3 leased plants in Second Industrial City, Dammam; ~ 270,000 sq. ft.; ISO certified; 30 min from the port

Size in square feet:
20,000
Planning Consent:

"All three manufacturing plants operate from fully compliant industrial facilities located in the Second Industrial City, Dammam – a designated industrial zone regulated by the Saudi Authority for Industrial Cities and Technology Zones (MODON).

All necessary industrial operating licenses, municipal approvals, and environmental permits are in place and valid. ISO 9001, ISO 14001, and ISO 45001 certifications are held, confirming compliance with international quality and environmental standards.

No planning restrictions or outstanding issues exist that would impede current operations or future expansion plans.

A full schedule of permits and licenses is available for review during due diligence."

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Significant expansion opportunities exist through multiple channels:

SPARK Industrial Complex Expansion: The company has identified a strategic opportunity to expand into the SPARK Industrial Complex with an investment of approximately $15.6M USD (SAR 58.4M) to establish new production lines for:

GRP Pipes: Projected additional annual revenue of $45.3M USD (SAR 170M)

FRP Tanks: Projected additional annual revenue of $12.3M USD (SAR 46M)

Total Projected Additional Revenue: ~$57.6M USD (SAR 216M) annually

Geographical Expansion: The company has already secured a contract for meter boxes in Qatar, demonstrating its ability to export and expand regionally. Further expansion into other GCC markets is viable.

New Product Applications: Opportunities exist in emerging sectors such as automotive (insulation, chassis, fuel tanks), healthcare (device components, sterilization equipment), and recycling (filler material, industrial filters).

Client Diversification: While Saudi Energy represents ~59% of trade receivables, there is significant opportunity to diversify the client base by targeting other large industrial players such as Aramco, Ma'aden, and SABIC.

Operational Efficiency: With machinery currently 71.4% depreciated, there is potential to upgrade equipment to improve production efficiency and reduce downtime."

Competition / Market:

Market leader; privileged supplier to Saudi Energy; 27 years experience; barriers to entry (certifications, equipment, relationships); concentration risk but well managed

Reasons for selling:

The founder and sole owner is retiring due to age and health considerations. He is over 75 years old and has no direct successors to take over the business.

Trading hours:

Saturday – Thursday: 7:00 AM – 5:00 PM (standard business hours). Production may run on weekends during peak periods.

Employees:
180
Years established:
27 (since 1998)

Other Information

Support & training:

The current owner and management team are willing to provide a comprehensive handover and training period of 1–3 months to ensure a smooth transition. Key staff will remain in place to support new ownership. Full operational manuals and systems will be provided.

Financing available:

The owner requires a full cash payment at closing. However, the company has zero bank debt and a very clean balance sheet, which should facilitate external bank financing for qualified buyers.

Furniture / Fixtures value:
$200,000 (USD) - included in the asking price
Inventory / Stock value:
$4,600,000 (USD) - included in the asking price