This is a holding company with a diverse range of subsidiaries involved in producing building materials such as fibreglass, concrete, ductile pipes and plastic water pipes. The firm also makes rubber foam insulation pipes used in air-con and ducting systems. The group is based in Dammam, and has around 30 pipe-making factories under its control, as well as six technology companies and four materials firms. It employs around 3,400 people globally, of whom 1,500 are based in the Kingdom. In the six months to 30 June, sales climbed by 10% to $478.6m, but profits fell by 10% to $17.5m.