Hadeed
AcquiredSaudi Iron and Steel Company
Jubail, Saudi Arabia · Founded 1979
- Headquarters
- Jubail
- Founded
- 1979
- Business Model
- B2B
- Website
- hadeed.com.sa
- Acquisition Date
- Sep 2023
About
Hadeed (Saudi Iron and Steel Company) is the largest iron and steel producer in the Gulf Cooperation Council region, established in 1979 as a SABIC affiliate. It manufactures long products (rebar, wire rod) and flat products (hot-rolled, cold-rolled, galvanized steel), with total finished-product capacity of roughly 7 million tons per year. In 2024 PIF acquired a majority stake in Hadeed, which also acquired AlRajhi Steel Industries.
Summary
Hadeed is a Manufacturing company based in Jubail, Saudi Arabia, founded in 1979. Investors include Public Investment Fund.
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Funding History
Sep 2023
Investors
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