Abu Dhabi National Co. for Building Materials
AADX:ADID2.06
AED
-0.02
(-0.96%)
Abu Dhabi National Co. for Building Materials
ADX:ADID
(Abu Dhabi Securities Exchange)
Recent
price
2.06
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Abu Dhabi National Co. for Building Materials (P.S.C.), commercially known as BILDCO and rebranding to Abu Dhabi National Investment and Development (P.S.C.), is a United Arab Emirates-based public shareholding company engaged in the manufacturing, processing, trading, and distribution of building and construction materials, as well as diversified corporate investment and development. Founded in 1974 and headquartered in Abu Dhabi, United Arab Emirates, the company operates manufacturing plants, processing facilities, and distribution centers supplying civil engineering, infrastructure, residential, and commercial development projects throughout the United Arab Emirates and the wider Gulf Cooperation Council region. The company operates across multiple industrial and commercial segments, offering a systematic portfolio of building materials and engineering services: steel reinforcement and structural steel products, including hot-rolled steel rebar, customized cut-and-bend rebar fabrication, mechanical rebar threading, coupler installation systems, and welded wire mesh; concrete masonry and infrastructure products, comprising solid and hollow concrete blocks, lightweight thermal wall and ceiling blocks, interlocking paving tiles, kerbstones, and precast concrete elements; autoclaved aerated concrete (AAC) solutions, including thermal-insulating AAC blocks, reinforced AAC lintels, and structural wall and floor slabs for residential, healthcare, and educational facilities; and specialty construction chemical formulations, encompassing cementitious products, mortar mixes, and building material adhesives. Additionally, the company operates commercial trading agencies and import-export divisions providing wholesale supply chain distribution and construction material trading. BILDCO conducts its industrial activities through specialized operating subsidiaries, including Bildco Reinforcing Steel Services, Bildco Aerated Concrete Products L.L.C., and Bildco Cement Products L.L.C. The company is actively executing a broad strategic transformation from a pure-play construction materials supplier into a diversified multi-sector investment holding group. In line with this strategy, shareholders approved changing the company's corporate name to Abu Dhabi National Investment and Development (P.S.C.) and authorized the transfer and consolidation of its primary factory assets, spanning cement, aerated concrete, and reinforcing steel, into a newly formed operational subsidiary named National Integrated Holding. Recent strategic initiatives, acquisitions, and partnerships include: the establishment of Qitaf Holding, a wholly-owned subsidiary focused on agriculture, food systems, and bioeconomy innovation; the execution of a Memorandum of Understanding to acquire a 50% equity stake in agribusiness enterprise AG Group; the board approval to acquire a 75% majority interest in Concept Design Engineering Consultant; the strategic acquisition of the Arabian Nights Village Tourist Camp to expand into hospitality and tourism; a joint development partnership with Wujod Real Estate to construct sustainable urban communities in Abu Dhabi; and entering as a strategic investment partner to support the capital increase of Al Khazna Insurance Company.