Industry: Construction & Industry
Company: Al Babtain Power and Telecommunication Company - Saudi Arabia
Country: Saudi Arabia
Wealth: 800 Million
Founded in 1955,
Al Babtain Power & Telecommunication Co
is one of the largest engineering and manufacturing concerns in the Kingdom, producing steel, electrical distribution and lighting poles, high masts, stadium masts and monopoles. The company also operates high voltage transmission and communication towers, steel structure plants, tower testing stations and four galvanising plants, in both Saudi and Egypt.
The company went public at the end of 2006 and today boasts a market cap of more than $420m — although it has taken a hit in recent months, leaving shares down almost 10 percent year-to-date.