Advanced Building Industries Co. (SENAAT), part of Saudi Arabia’s industrial sector, plans to list three subsidiaries, focused on insulation, steel, and air-conditioning, on the Saudi Exchange (Tadawul), Chairman Abdullah Al Zamil announced.
Al Zamil said discussions are ongoing with management teams to determine the optimal timing for the initial public offerings (IPOs). He added that SENAAT expects to maintain profitability in Q3 2025 while continuing to expand market share. The company currently holds a leading position in steel structures, central air-conditioning systems, and insulation materials, and plans to strengthen its presence both locally and regionally.
Speaking to CNBC Arabia, Al Zamil noted that 70pct of SENAAT’s revenue comes from the Saudi market, with the remaining 30pct from international operations. Robust demand for steel, particularly from Public Investment Fund (PIF)-backed mega-projects and other public and private initiatives, is driving the company’s expansion plans.
He added that SENAAT’s order book shows strong growth across industrial, commercial, petrochemical, and gas sectors. The company currently serves around 90 global markets, with significant operations in the Gulf region, Egypt, India, and Vietnam.
SENAAT operates two manufacturing plants in Egypt, catering to Africa and Southern Europe, and is exploring a new facility in southern India to meet rising demand in Asia.
Commenting on the company’s recent rebranding, Al Zamil said it reflects SENAAT’s industrial identity and differentiates it from the Zamil family holding company, enhancing flexibility to pursue new global partnerships.
Established in 1998 and headquartered in Dammam, SENAAT manufactures pre-engineered steel buildings, structural steel, and HVAC systems for commercial, industrial, and residential applications.
