The National Metal Manufacturing and Casting Company (Maadaniyah) is a Saudi joint-stock company listed on the Saudi Stock Exchange “Saudi Tadawul”. It is headquartered in the capital, Riyadh. The developer of the company is the National Industrialization Company (Tasnee), which is one of the largest shareholders in Maadaniyah. Its activity is focused on the industrial sector.
Its shares are traded on the main platform of the Saudi Stock Exchange under the name “Maadaniyah” within the basic materials sector, with the symbol (2220) and International Securities Identification Number (ISIN) (SA0007879394). As of November 25, 2021, the company’s capital is SAR354 million.
History of the National Metal Manufacturing and Casting Company
The National Metal Manufacturing and Casting Company was established by Ministerial Decision No. (602/S) on June 17, 1990. It was registered as a Saudi joint-stock company under Commercial Registration No. (2055002251) on December 3, 1990. The company is fully privately owned.
National Metal Manufacturing and Casting Company activity
The National Metal Manufacturing and Casting Company is an industrial company engaged in the production and marketing of wire drawing products and fasteners, the manufacturing of trailer and truck axles and spare parts, and various metal castings. The company also trades in similar products. Maadaniyah owns three factories: The wire drawing and products factory in Jubail Industrial City, the axles and spare parts factory in Dammam Industrial City, and the foundry factory in Dammam Industrial City.
Manufacturing and marketing of drawn wire and related products, various sizes of axles and spare parts for trailers & dumping trucks, steel and non-steel casting, and trading in related products.
Company History
Company History Maadaniyah was incorporated pursuant to Ministerial Resolution No. 602/I dated 23/11/1410H (June 17, 1990) and registered as a Saudi Joint Stock Company under Commercial Registration No. 2055002251 dated 16/5/1411H (December 3, 1990) and the company is 100% owned by private sector.
Company Bylaws
Equity Profile
- Authorized Capital (^)354,000,000
- Issued Shares35,400,000
- Paid Capital (^)354,000,000
- Par Value/Share10
- Paid Up Value/Share10
Last Update :2021-11-25
Investment limits
There are no investment limits on the company’s shares as per the amended Rules for Qualified Foreign Financial Institutions Investment in Listed Securities and Instrucions for the Foreign Strategic investors Ownership in Listed Companies based on company’s bylaw and the issued instructions by the related regulators and suprevisory authorities.
- Company Details
- BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION
- Date Established1990/12/03
- Financial Year End31/12
- Listing Date/
- External Auditors[Ibrahim Ahmed Albassam & Co. (Albassam & Co.)]
- ISIN CODESA0007879394
- Number of Employees461
Investor Relations
Contact Name:
Mr. Abbas M. Alnasser
Company Address:
P.O. Box 10882 JUBAIL INDUSTRIAL CITY 31961 – Rd 198
Contact Details:
Telephone: 0133339940
Fax : 0133583831
Email : [email protected]
