Hadeed
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Hadeed - overview
Established
1979
Location
Jubail, -, Saudi Arabia
Primary Industry
Materials
About
Based in Saudi Arabia, Saudi Iron & Steel Company, dba Hadeed, engages in steel manufacturing, focusing on long and flat products. In September 2023, the Public Investment Fund acquired Hadeed from Saudi Basic Industries Corporation and Saudi Aramco Pension for SAR 12. 5 billion. As of 2024, the company is led by its CEO, Abdulqader Al-Mubarak.
The company's core product offerings include long products such as rebar and wire rods, as well as flat products like hot-rolled and cold-rolled sheets. These products are essential for construction and infrastructure projects, providing the necessary strength and durability to structures. Hadeed's steel is widely utilized by contractors, construction companies, and manufacturers, catering to clients in sectors such as residential, commercial, and industrial construction. The company's products are primarily sold in markets across the Middle East, including Saudi Arabia, the Gulf Cooperation Council (GCC) countries, and select international markets.
The organization plans to use the September 2023 investment to accelerate its industrial development and enhance its production capabilities.
Primary Industry
Materials
Sub Industries
Steel & Metals
Website
www.hadeed.com.sa/
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
Hadeed - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Al Rajhi Steel Industries Co. Ltd. | - | ||||||||
| Corporate Carve Out, LP Direct, Trade Sale | Completed | Hadeed | - |
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