MIRA INFORM REPORT

 

 

 

 

Report Date :

13.09.2013

 

IDENTIFICATION DETAILS

 

Name :

SAUDI IRON & STEEL CO (HADEED)   

 

 

Registered Office :

PO Box 10053 Jubail, 31961

 

 

Country :

Saudi Arabia

 

 

Year of Establishment:

1983

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Manufacture of fasteners, screw machine products, chains and springs

 

 

No. of Employees :

3,074

 

 

 


NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Saudi Arabia

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Company name & address

 

Saudi Iron & Steel Co (HADEED)          

           

 

PO Box 10053

 

 

Jubail, 31961

Saudi Arabia

 

Tel:

966 (3) 357 1925

Fax:

966 (3) 357 1159

 

www.sabic.com

 

Employees:

3,074

Company Type:

Private Subsidiary

Corporate Family:

96 Companies

Ultimate Parent:

Saudi Basic Industries Corporation

 

 

Incorporation Date:

1983

Reporting Currency:

NA

Annual Sales:

NA

Total Assets:

NA

 

Business Description

 

 

 

Production and sale of steel rebar, coils of wire rod and light sections; hot rolled, cold rolled and galvanized flat products

 

Industry

 

 

Industry

Miscellaneous Fabricated Products

ANZSIC 2006:

2110 - Iron Smelting and Steel Manufacturing

NACE 2002:

2874 - Manufacture of fasteners, screw machine products, chains and springs

NAICS 2002:

332611 - Spring (Heavy Gauge) Manufacturing

UK SIC 2003:

2874 - Manufacture of fasteners, screw machine products, chains and springs

US SIC 1987:

3493 - Steel Springs, Except Wire

 

Key Executives   

 

 

Name

Title

Mohammed S Al-Mughaidi

General Manager, Rolling Mills

Musaad A Al-Eed

Domestic Sales Manager, Long Products

Mohammed Al-Dubaib

Executive Manager, By-Products

Hisham Al-Joher

Public Relations Manager

Saleh AbdulAziz Al-Omair

Chairman

1 - Profit & Loss Item Exchange Rate: USD 1 =

2 - Balance Sheet Item Exchange Rate: USD 1 =

 

 

Corporate Overview

 

Location
PO Box 10053
Jubail, 31961
Saudi Arabia

 

Tel:

966 (3) 357 1925

Fax:

966 (3) 357 1159

 

www.sabic.com

Sales (mil):

NA

Assets (mil):

NA

Employees:

3,074

 

Industry:

Miscellaneous Fabricated Products

Incorporation Date:

1983

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

 

Director:

Ali Muhammed Al-Ayed

 

Contents

Industry Codes

 

ANZSIC 2006 Codes:

2110

-

Iron Smelting and Steel Manufacturing

3322

-

Metal and Mineral Wholesaling

2291

-

Spring and Wire Product Manufacturing

 

NACE 2002 Codes:

2734

-

Wire drawing

2874

-

Manufacture of fasteners, screw machine products, chains and springs

5152

-

Wholesale of metals and ores

2732

-

Cold rolling of narrow strip

5157

-

Wholesale of waste and scrap

 

NAICS 2002 Codes:

423930

-

Recyclable Material Merchant Wholesalers

332611

-

Spring (Heavy Gauge) Manufacturing

423510

-

Metal Service Centers and Other Metal Merchant Wholesalers

331222

-

Steel Wire Drawing

331221

-

Rolled Steel Shape Manufacturing

 

US SIC 1987:

3493

-

Steel Springs, Except Wire

3315

-

Steel Wiredrawing and Steel Nails and Spikes

5051

-

Metals Service Centers and Offices

5093

-

Scrap and Waste Materials

3316

-

Cold-Rolled Steel Sheet, Strip, and Bars

 

UK SIC 2003:

2732

-

Cold rolling of narrow strip

2734

-

Wire drawing

5157

-

Wholesale of waste and scrap

5152

-

Wholesale of metals and ores

2874

-

Manufacture of fasteners, screw machine products, chains and springs

 

 

Business Description

Production and sale of steel rebar, coils of wire rod and light sections; hot rolled, cold rolled and galvanized flat products

 

 

More Business Descriptions

HADEED (Saudi Arabia) produces and markets steel products.

 

 

 

 

 

 

Brand/Trade Names

HADEED

 

 

Subsidiaries

Company

Percentage Owned

Country

Steel Rolling Co (SULB)

100%

SAUDI ARABIA

 

 

 

 

 

Corporate Structure News

 

Saudi Basic Industries Corporation
Saudi Iron & Steel Co (HADEED)

 

Total Corporate Family Members: 96
Excluded Small Branches and/or Trading Addresses: 38 (Available via export)

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Saudi Basic Industries Corporation

Parent

Riyadh

Saudi Arabia

Chemical Manufacturing

40,523.3

33,000

Saudi Iron & Steel Co (HADEED)

Subsidiary

Jubail

Saudi Arabia

Miscellaneous Fabricated Products

 

3,074

SABIC Europe BV

Subsidiary

Sittard

Netherlands

Chemical Manufacturing

 

2,500

Sabic Polyolesene GmbH

Subsidiary

Gelsenkirchen

Germany

Chemical Manufacturing

1.0

500

SABIC Innovative Plastics S.A.

Subsidiary

Sant Just Desvern

Spain

Engineering Consultants

 

200

Sabic France Sa

Subsidiary

Courbevoie

France

Chemical Manufacturing

339.8

24

Sabic Italia SpA

Subsidiary

Milano, Milano (Milan)

Italy

Oil and Gas Operations

389.0

18

SABIC Deutschland GmbH & Co. KG

Subsidiary

Düsseldorf

Germany

Chemical Manufacturing

1.0

 

Sabic Tees Ltd.

Subsidiary

Redcar

United Kingdom

Chemical Manufacturing

 

 

Sabic UK Petrochemicals Ltd.

Subsidiary

Redcar

United Kingdom

Chemical Manufacturing

463.9

706

Arabian Petrochemical Company

Subsidiary

Jubail

Saudi Arabia

Chemical Manufacturing

900.0

1,250

Ibn Hayyan Plastic Products Company (TAYF)

Subsidiary

Jubail

Saudi Arabia

Chemicals - Plastics and Rubber

 

76

Yanbu National Petrochemicals Company

Subsidiary

Yanbu

Saudi Arabia

Chemical Manufacturing

1,552.3

1,181

Saudi Petrochemical Company

Subsidiary

Jubail

Saudi Arabia

Chemical Manufacturing

 

751

Eastern Petrochemical Company

Joint Venture

Jubail

Saudi Arabia

Oil and Gas Operations

 

686

National Chemical Fertiliser Co

Subsidiary

Jubail

Saudi Arabia

Chemical Manufacturing

 

430

IBN SINA National Methanol Company

Joint Venture

Jubail, Ash Sharqiyah

Saudi Arabia

Chemical Manufacturing

 

350

Saudi Methanol Co (ARRAZI)

Affiliates

Al Jubail

Saudi Arabia

Chemical Manufacturing

 

300

Saudi European Petrochemical Co

Joint Venture

Jubail

Saudi Arabia

Chemical Manufacturing

 

230

National Industrial Gases Company

Subsidiary

Jubail

Saudi Arabia

Chemical Manufacturing

 

207

SABIC Terminal Services

Subsidiary

Jubail, Ash Sharqiyah

Saudi Arabia

Chemical Manufacturing

180.0

200

SABIC Americas Inc

Subsidiary

Houston, TX

United States

Chemical Manufacturing

40.0

100

SABIC Innovative Plastics

Subsidiary

Pittsfield, MA

United States

Fabricated Plastic and Rubber

3,750.0

600

SABIC Innovative Plastics

Branch

Mt Vernon, IN

United States

Fabricated Plastic and Rubber

272.4

1,200

Sabic Innovative Plastics España S.Com.P.A

Subsidiary

Cartagena, Murcia

Spain

Chemicals - Plastics and Rubber

571.8

752

Ge Plastics Japan Ltd

Subsidiary

Chuo-ku, Tokyo

Japan

 

 

465

SABIC Innovative Plastics

Branch

Ottawa, IL

United States

Chemicals - Plastics and Rubber

457.7

425

SABIC Polyolefine GmbH

Subsidiary

Gelsenkirchen

Germany

Fabricated Plastic and Rubber

1.0

400

SABIC Innovative Plastics

Branch

Southfield, MI

United States

Fabricated Plastic and Rubber

283.0

236

Industrial & Environmental Plateform SAS

Subsidiary

Villers Saint Sepulcre

France

Chemicals - Plastics and Rubber

11.2

200

SABIC Innovative Plastics

Branch

Bay St Louis, MS

United States

Chemicals - Plastics and Rubber

156.2

145

Ge Plastics Hk Ltd

Subsidiary

Kowloon, Kowloon

Hong Kong

Chemicals - Plastics and Rubber

 

51

SABIC Innovative Plastics

Branch

Selkirk, NY

United States

Fabricated Plastic and Rubber

60.0

50

SABIC Innovative Plastics

Branch

Brighton, MI

United States

Chemicals - Plastics and Rubber

43.1

40

SABIC Innovative Plastics

Branch

Bay St Louis, MS

United States

Fabricated Plastic and Rubber

24.0

20

SABIC Innovative Plastics BV

Subsidiary

Bergen op Zoom

Netherlands

Fabricated Plastic and Rubber

881.7

 

Sabic Innovative Plastics Italy SRL

Subsidiary

Milano, MI

Italy

Fabricated Plastic and Rubber

176.7

157

Ge Capital Commercial Finance B.V.

Subsidiary

Breda, Noord-Brabant

Netherlands

Investment Services

4.8

77

B.V. Snij-Unie Hi-Fi

Subsidiary

Enkhuizen, Noord-Holland

Netherlands

Chemicals - Plastics and Rubber

 

45

Sabic Innovative Plastics Korea Ltd.

Subsidiary

Gangnam-Gu

Korea, Republic of

Fabricated Plastic and Rubber

234.2

 

SABIC Polymershapes

Subsidiary

Huntersville, NC

United States

Fabricated Plastic and Rubber

 

50

SABIC Polymershapes

Branch

Dayton, OH

United States

Fabricated Plastic and Rubber

7.9

35

SABIC Polymershapes

Branch

Naperville, IL

United States

Fabricated Plastic and Rubber

9.9

25

SABIC Polymershapes

Branch

Fresno, CA

United States

Fabricated Plastic and Rubber

5.7

25

SABIC Polymershapes

Branch

Santa Fe Springs, CA

United States

Fabricated Plastic and Rubber

24.0

20

Sabic Asia Pacific Pte LTD

Subsidiary

Singapore

Singapore

Oil and Gas Operations

5,765.1

97

SABIC India Private Limited

Subsidiary

New Delhi

India

Chemical Manufacturing

1.0

35

Sabic Far East Ltd

Subsidiary

Hong Kong, Hong Kong

Hong Kong

Chemical Manufacturing

 

25

SABIC Asia Pacific Pte. Ltd.

Branch

Jakarta

Indonesia

Chemical Manufacturing

 

8

SABIC Korea Limited

Subsidiary

Seoul

Korea, Republic of

Chemical Manufacturing

1.0

4

SABIC (Shanghai) Trading Co. Ltd.

Subsidiary

Shanghai

China

Chemical Manufacturing

1.0

 

Sabic Belgium

Subsidiary

Genk

Belgium

Oil and Gas Operations

95.4

68

SABIC Japan Limited

Subsidiary

Tokyo

Japan

Chemical Manufacturing

1.0

6

Saudi Basic Industries Corp-Yanbu

Subsidiary

Yanbu

Saudi Arabia

Chemical Manufacturing

 

2

Saudi Arabian Fertilizer Company

Affiliates

Jubail

Saudi Arabia

Chemical Manufacturing

730.8

 

Arabian Industrial Fibers Co (IBN RUSHD)

Subsidiary

Yanbu

Saudi Arabia

Chemicals - Plastics and Rubber

 

 

Saudi Basic Industries Corporation

Subsidiary

Al-Jubail

Saudi Arabia

Oil and Gas Operations

 

 

SABIC Innovative Plastics Singapore Pte Ltd

Subsidiary

Singapore

Singapore

Fabricated Plastic and Rubber

 

 

 

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

Saleh AbdulAziz Al-Omair

 

Chairman

Chairman

Ali Muhammed Al-Ayed

 

Director

Director/Board Member

Mohammed Saleh Al-Jabr

 

Director

Director/Board Member

Ahmed Muhammed Al-Maddani

 

Director

Director/Board Member

Mutlaq Al-Morished

 

Director

Director/Board Member

Saad AbdulAziz Al-Oraifi

 

Director

Director/Board Member

Abdulaziz Saad Al-Qaood

 

Director

Director/Board Member

Fouad Muhammed Deya Eisa

 

Director

Director/Board Member

 

 

Executives

 

Name

Title

Function

Mohammed S Al-Mughaidi

 

General Manager, Rolling Mills

Division Head Executive

Ibrahim Al-Rashed

 

General Manager, Commercial

Division Head Executive

Majid Mohammed Al-Saif

 

General Manager, Steel Plant

Division Head Executive

Ali Nasser Al-Sayegh

 

General Manager, Technical Support

Division Head Executive

Abdulrahman A Al-Turaiyef

 

General Manager, Finance and Administration

Division Head Executive

Mohammed Al-Dubaib

 

Executive Manager, By-Products

Administration Executive

Saud Al-Mutairi

 

Customer Account manager

Administration Executive

Musaad A Al-Eed

 

Domestic Sales Manager, Long Products

Sales Executive

Ali Haider Al-Ghamdi

 

Sales Manager

Sales Executive

Hisham A Al-Hamili

 

Executive Sales Manager, Flat Products

Sales Executive

Saud T Al-Ruwaili

 

Sales Manager, Flat Products

Sales Executive

Ibrahim Al-Suhail

 

Executive Sales Manager, Long Products

Sales Executive

Adel A Al-Mughram

 

Marketing Manager, Long Products

Marketing Executive

Nayyaf N Al-Mutairi

 

Executive Marketing Manager

Marketing Executive

Osama Al-Zahrani

 

Marketing Manager, Flat Products

Marketing Executive

Hisham Al-Joher

 

Public Relations Manager

Public Relations Executive

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.67

UK Pound

1

Rs.100.71

Euro

1

Rs.84.72

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

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