Industrial Group — Dammam, Eastern Province, Kingdom of Saudi Arabia
This is a rare opportunity to acquire a highly profitable, debt-free industrial group with 27 years of uninterrupted operations in one of the most strategically important industrial zones in the Kingdom of Saudi Arabia.
The Business
The group operates three fully integrated manufacturing plants in the Second Industrial City, Dammam — the heart of Saudi Arabia's industrial and energy corridor:
Fiberglass Products Plant — GRP/FRP cable ducting, enclosures, and electrical infrastructure components. One of the very few facilities in the region with a Ploughgage production line. Gross margin exceeding 25%.
Manufacturing Plant — Custom industrial fabrication and structural components. The most profitable plant in the group with margins exceeding 25%.
Metal Products Plant — Steel fabrication and electrical tower components supplying the national energy provider directly.
The Anchor Client — A Major National Utility
Approximately 59% of the company's trade receivables are linked to the national energy provider — a quasi-sovereign entity 81% owned by the Saudi government, with annual revenues of $23.7 Billion and $16 Billion in annual capital expenditure. It is the confirmed sole steel products supplier to this client, operating under renewable two-year framework contracts. This is effectively a government-backed revenue stream.
Financial Performance (All figures in USD)
| Metric | Amount (USD) |
|:|::|
| Five-year audited net profit history | $3.8M – $7.4M annually |
| FY2024 net profit | $5.5M (on revenues of $46.9M) |
| FY2024 EBITDA | $6.4M (13.6% margin) |
| Five-year average EBITDA | $5.8M |
| Zero bank debt as of 2025 | ✅ |
| Total equity grew 53% in FY2025 | $11.6M |
| Operating cash flow (4-year average) | $3.5M+ annually |
Balance Sheet Strength
The company carries zero bank debt, a current ratio of 3.35x, and a dramatically improved debt-to-equity ratio of 0.60x as of end-2025 — down from 1.45x in 2024. The partner loan has been substantially repaid, leaving one of the cleanest balance sheets in the company's history.
Certifications & Compliance
ISO 9001, ISO 14001, and ISO 45001 certified. All zakat filings current with no open assessments. Full regulatory compliance confirmed by independent auditors.
Growth Opportunity — Major Industrial Complex Expansion
The company has identified a $15.6M expansion opportunity at a major nearby industrial complex targeting:
GRP pipe manufacturing — Projected $45.3M additional revenue
FRP tank production — Projected $12.3M additional revenue
Total projected additional revenue: ~$57.6M
The existing relationship with the national energy provider provides a natural and credible demand pathway for these new product lines under Vision 2030.
Reason for Sale
The founder and sole owner, who has built this business over 27 years, is retiring due to age and health considerations, with no direct successors. He is seeking a capable investor or industrial group to take the company forward and continue its growth trajectory.
Transaction
| Item | Amount |
|:|::|
| Asking Price | $5.3 Million USD (BHD 2 Million / SAR 20 Million) |
| Transaction Type | 100% share acquisition |
| All financial statements and due diligence materials | Available under NDA |
| Site visits | Can be arranged at short notice — Dammam is 30 minutes from the main international airport |
⚠️ Confidentiality
> This opportunity is not publicly marketed and is being offered to a select group of qualified investors on a confidential basis.
Quick Summary Table (USD)
| Metric | Value |
|:|::|
| Asking Price | $5.3M |
| 2024 Revenue | $46.9M |
| 2024 Net Profit | $5.5M |
| 2024 EBITDA | $6.4M |
| 2025 Total Equity | $11.6M |
| Bank Debt | $0 |
| Current Ratio | 3.35x |
| EBITDA Multiple (at asking price) | ~0.8x |
