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Trades about 114% below its sector, cheaper than its peers on earnings.
The Saudi Arabian Amiantit Company, alongside its various subsidiaries, specializes in the manufacturing and distribution of a diverse range of pipes and related goods across Saudi Arabia, Europe, and international markets. The company operates through two primary divisions: Pipe Manufacturing and Technology, and Water Management. Its product offerings include different types of pipe systems, such as glass-reinforced polyester, vinylester, and epoxy pipes, as well as ductile iron pipes, while also developing and licensing associated technologies. Amiantit manufactures and supplies both underground and aboveground tanks—including those for water, chemicals, septic systems, and fuel—designed for both residential and industrial use. These tanks are available in various configurations, including ribbed, non-ribbed, single-wall, and double-wall designs, with installation services also provided. Additionally, the company produces a variety of complementary items: rubber rings and gaskets for pipes and fittings; grommets and bushes for anti-vibration and compression mounting in air conditioning systems; duct sealing units for HVAC applications; insulation tubes and sheets for thermal management in refrigeration, heating, ventilation, and air conditioning; and industrial valves specifically for water systems. Furthermore, it offers manholes for the inspection, maintenance, ventilation, cleaning, and flushing of drains and sewers, as well as for housing pumping stations and inlet drain pits. Fiberglass products are another key offering, utilized across numerous sectors such as piping, tanks, transportation, construction, marine, electrical/electronic, wind energy, consumer goods, and aerospace. Beyond products, the company provides water management, consultancy, and engineering services. Its clientele spans municipal and urban development projects, industrial applications, oil and gas operations, water transmission and distribution networks, and water well industries. Incorporated in 1968, The Saudi Arabian Amiantit Company's main office is located in Dammam, Saudi Arabia.
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