SEMCO Company Ltd., a Saudi limited liability company specializing in the construction, trading and Industrial sector headquartered in Jubail Industrial City, with commercial registration number 2055010827, 2055005911.
Since 1997, Maaden has been realizing its vision to unlock Saudi Arabia's mineral wealth and build a world-leading mining sector in the Kingdom. Today, backed by the Kingdom's Public Investment Fund (PIF) and guided by our ambitious 2040 Strategy, we are the largest multi-commodity mining and metals company in the Middle East and one of the fastest-growing mining companies in the world.
SABIC Agri-Nutrients Company (formerly Saudi Arabian Fertilizer Company "SAFCO") the first petrochemical company in Saudi Arabia was established under Royal Decree no.M/13 dated 11-05-1385H 1965 as a joint venture between the Government and the citizens of Saudi Arabia with capital of SR100 million. The capital of the company was increased several times to reach up to SR 4,760,354,040 million made up of 476,035,404 shares @ SR10 each.
Localizing seamless pipes manufacturing in the Middle East in general, and in Saudi Arabia in particular, was a commercial necessity and a strategic decision. Middle East and North Africa (MENA) is currently the most growing region related to Oil and Gas industry. GCC is having a strong demand for seamless pipes and various projects will sustain and even increase such demand in future. This regional development would benefit from a local supply of seamless pipes now that JESCO comes on stream.