Al Jazeera Steel Products Co. SAOG
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Al Jazeera Steel Products Co. SAOG - overview
Established
1997
Location
Suhar, -, Oman
Primary Industry
Consumer Services
About
Al Jazeera Steel Products Co. SAOG is a manufacturing firm specializing in various steel products, including pipes and rebars, essential for construction and industrial applications across multiple regions globally. Founded in 1997, Al Jazeera Steel Products Co. SAOG is headquartered in Suhar, Oman, and focuses on producing steel products vital for construction and manufacturing.
The company has completed two notable deals, with the most recent occurring on March 25, 2018, when it was sold to Shekh Suhail Bahwan and Sheikha Amal Suhail Bahwan. The current CEO is Venkat AN. Al Jazeera Steel Products Company specializes in manufacturing a diverse range of steel products, primarily focusing on black pipes, galvanized pipes, hollow sections, merchant bar mill products, and rebars. These products serve critical functions in construction and industrial applications, ensuring structural integrity and stability.
The company operates two facilities: the Tube Mill and the Merchant Bar Mill, utilizing advanced technology to ensure high-quality standards. Al Jazeera Steel markets its products across 25 countries, including the USA, Canada, and several European nations, catering to construction firms and industrial enterprises. In 2023, Al Jazeera Steel Products Company reported an annual revenue of OMR 369,973,321. 1 (USD 964.
60 mn) with an EBITDA of OMR 20,804,474. 3 (USD 54. 15 mn). The firm primarily engages in B2B transactions, supplying steel products to construction and manufacturing companies through negotiated contracts, which facilitate wholesale orders at set pricing agreements.
The company's flagship products are central to its revenue generation strategy, reinforcing its market position. Al Jazeera Steel Products Company is focused on expanding its product offerings and entering new geographic markets. Plans include designing new steel products aimed at enhancing construction efficiency, with launch dates expected in the coming year. The company is targeting expansion into emerging markets in Asia and Africa by 2025, utilizing recent funding to facilitate this growth.
The funding will support new product development and market entry strategies, enhancing the company’s operational capabilities.
Primary Industry
Consumer Services
Sub Industries
Home Repair Services
Website
www.jazeerasteel.com
Verticals
Manufacturing
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Al Jazeera Steel Products Co. SAOG - timeline of key events
Al Jazeera Steel Products Co. SAOG - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 91,196,884 | 98,314,618 | 88,370,890 | 95,331,203 | 68,862,381 | 68,299,139 | 96,620,476 | 116,145,843 | 103,980,951 | 88,467,313 | 150,359,079 | - | - | - |
| % Revenue Growth (YoY) | - | 7.8% | (10.1%) | 7.9% | (27.8%) | (0.8%) | 41.5% | 20.2% | (10.5%) | (14.9%) | 70.0% | - | - | - |
| EBITDA (USD) | 7,051,656 | 6,986,873 | 8,494,420 | 8,950,327 | 4,191,696 | 7,649,649 | 8,204,058 | 6,402,270 | 3,114,558 | 5,811,669 | 13,041,384 | - | - | - |
| Operating Income (USD) | 4,882,507 | 4,766,087 | 6,319,296 | 6,977,394 | 2,191,838 | 5,610,372 | 6,176,342 | 4,315,627 | 1,168,872 | 4,109,118 | 11,327,487 | - | - | - |
| Operating Margin | 5.4% | 4.8% | 7.2% | 7.3% | 3.2% | 8.2% | 6.4% | 3.7% | 1.1% | 4.6% | 7.5% | - | - | - |
| % EBITDA Margin | 7.7% | 7.1% | 9.6% | 9.4% | 6.1% | 11.2% | 8.5% | 5.5% | 3.0% | 6.6% | 8.7% | - | - | - |
| NET Income (USD) | 3,030,793 | 3,418,137 | 4,553,033 | 5,206,570 | 1,715,008 | 4,600,552 | 4,713,189 | 2,780,311 | 308,321 | 3,105,876 | 9,208,615 | - | - | - |
| % Net Margin | 3.3% | 3.5% | 5.2% | 5.5% | 2.5% | 6.7% | 4.9% | 2.4% | 0.3% | 3.5% | 6.1% | - | - | - |
Al Jazeera Steel Products Co. SAOG - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Al Jazeera Steel Products Co. SAOG | - | ||||||||
| Buyout | Completed | Al Jazeera Steel Products Co. SAOG | - |
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Al Jazeera Steel Products Co. SAOG - employee data
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