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National Environmental Recycling Co.
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- **52 Week Price Change = (Current Price - Price year ago) / Price year ago x 100
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Financials
- Balance Sheet
- Statement of Income
- Cash Flow
- XBRL
- Detailed Reports and Statements
- Annually
- Quarterly
Balance Sheet | 2022-12-31 | 2021-12-31 | ||
---|---|---|---|---|
Current Assets |
65,474
|
92,884
|
||
Inventory |
68,211
|
43,454
|
||
Investments | - | - | ||
Fixed Assets |
70,790
|
34,177
|
||
Other Assets |
11,488
|
- | ||
Total Assets |
215,963
|
170,515
|
||
Current Liabilities |
46,008
|
22,297
|
||
Non-Current Liabilities |
13,482
|
8,778
|
||
Other Liabilities | - | - | ||
Shareholders Equity |
156,473
|
139,440
|
||
Total Liabilities and Shareholder Equity |
215,963
|
170,515
|
||
Minority Interests | - | - | ||
All Figures in | Thousands | Thousands | ||
All Currency In | SAR | SAR | ||
Last Update Date | 2023-04-06 | 2022-08-03 |
Balance Sheet | ||||
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Current Assets | - | - | - | - |
Inventory | - | - | - | - |
Investments | - | - | - | - |
Fixed Assets | - | - | - | - |
Other Assets | - | - | - | - |
Total Assets | - | - | - | - |
Current Liabilities | - | - | - | - |
Non-Current Liabilities | - | - | - | - |
Other Liabilities | - | - | - | - |
Shareholders Equity | - | - | - | - |
Total Liabilities and Shareholder Equity | - | - | - | - |
Minority Interests | - | - | - | - |
All Figures in | ||||
All Currency In | ||||
Last Update Date |
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Company Profile
Company overview
The company is fully licensed to provide recycling services related to electric, electronic and metal waste. The company receives devices and scrap metals through multiple sources either through direct contracting with governmental or private organizations, or by purchasing through auctions or by receiving waste equipment or scrap through individuals. Tadweeer convert the above waste into raw materials with the highest percentage of separation, purity and quality, to be commercialized internationally or locally, based on London Metal Exchange rate for each material. Tadweeer had several services such as the following/ WEEE Recycling/ Product contain metal recycling/ Destruction service/ ELV Recycling / Metal Trading / ITAD (Information Technology Asset Disposition) service/ Tadweeer specialized for All type of WEEE (Waste of Electronic and Electrical Equipment) in addition to ELV (End of life vehicle) and any Material contain metal within all KSA Tadweeer Promote TQM (Total Quality Management) culture and succeed to be accredited for many international standards such as R2 (Responsible Recycling), ISO 9001 (Quality Management System), ISO 14001 (Environmental Management System), ISO 45001 (Health and safety Management system) and Microsoft Refurbishment. The company already expanded its recycling services in the End of Life Vehicles sector by receiving damaged cars and engines since 2022 AD. Company current production capacity is more than 40000 tons per annum and aims to increase it to 125000 per annum by 2025.
Company History
Tadweeer established in 2015 as first Saudi company specialized in WEEE (Waste of Electronic and Electrical Equipment) The company initially raised its capital in 2020 from 15.000.000 Saudi Riyals to 40.000.000 Saudi Riyals followed by additional capital increase to 58.808.000 Saudi Riyals in 2021 AD. The company has a wide client network from public and private sector and has been approved by SIMS LCS (one of the biggest WEEE recycling companies worldwide) to provide special recycling services to SIMS LCS clients in the kingdom such as: (Huawei, Cisco, Apple, Siemens, Motorola, Bank of America and others). Tadweeer has recently acquired SIMS UAE under the name Safe Information Modern Systems, a company specialized in providing Information Asset Disposition Services (ITAD) as well as refurbish, reuse services. The geographical coverage of the site is Middle East and North Africa region (MENA region).
Company Bylaws
Equity Profile
- Authorized Capital (SAR) 58,080,000
- Issued Shares 58,080,000
- Paid Capital (SAR) 58,080,000
- Par Value/Share 1
- Paid Up Value/Share 1
Last Update :2023-04-06
Investment limits
There are no investment limits on the company's shares as per the amended Rules for Qualified Foreign Financial Institutions Investment in Listed Securities and Instructions for the Foreign Strategic Investors Ownership in Listed Companies based on Company's bylaw and the issued Instructions by related regulators and supervisory authorities.
- Company Details
- BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION
Investor Relations
Contact Name:
Abdullah Fahad Al Masoud
Company Address:
Riyadh - Malqa DIST - Wadi Wej
Contact Details:
Telephone: +966593100199
Fax: 011-4856179
Email: IR@tadweeer.com
Company Website:
Name Ob Subsidiary | Percentage Of Property | Main Business | Location Of Operation | Country Of Operation |
---|---|---|---|---|
Safe Information Modern Systems | 100.00% | Recycling of electronic, electrical and metal waste | United of Emirates - Dubai | United of Emirates - Dubai |