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National Environmental Recycling Co.
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The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.
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The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.
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Company Profile
Company overview
The main operations of the company are recycling of Electronic and electrical waste, in accordance with valid environmental standards. The company is planning to produce various raw materials from Electronic and electrical hardware waste according to its business model that is aligned with Environment protection systems in Saudi Arabia, where those Devices and materials that contain metals are obtained through multiple sources, whether through direct contracts with public or private sector entities, or by receiving from individuals or by purchasing from auctions etc. and then convert it (through recycling processes) into raw metals, then sold to potential buyers in the local and international markets, according to Metals Exchange prices. The most prominent company''s services are: Recycling of electronic and electrical waste, Specialized destruction service, and data destruction service for technology Information (ITAD), and minerals trade.
Company History
The National Environmental Recycling Company was established as a closed Saudi joint stock company in 2015 AD under Commercial Registration No. (1010465140) dated 06/27/1436 AH issued in Riyadh, with a capital of fifteen million (15,000,000) Saudi riyals, which been multiplied Several times until settled on (58,080,000) Saudi riyals. The establishment of Tadweeer is a pioneering step in a developing country to provide solutions in the recycling sector. The company annual production capacity is more than 33,000 tons. The company adopts best international practices in quality assurance and safety systems in its business environment, that is reflected by obtaining many quality certificates such as ISO 9001 quality certificate, 14001 environmental management certificate, occupational health and safety certificate 45001, in addition to the fact that Tadweeer is an agent for the American company SIMS as a largest recycling company in the world, to carry out recycling operations for Sims customers in the Kingdom.
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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