- Business
- Bawan Company (1302.SR), founded in 1980 through the merger of Abdul Latif and Muhammad Al-Fawzan Group and Abdul Qader Al-Muhaidib and Sons Group and headquartered in Riyadh, Saudi Arabia, manufactures and sells a diverse range of capital goods products including wooden pallets, plywood panels and boards, medium- and high-density coated boards, platforms, wooden bowls and boxes, premade hangars and steel buildings, and forming and bending rebars in its Metal and Wood segment; plates and polystyrene foam, packaging and insulation slices from polyethylene foam, soft colored polyvinyl chloride sheets, rigid colored and non-colored polyvinyl chloride sheets, soft and hard polyvinyl chloride sheets padded by polystyrene, parts for vacuum fans, transparent containers of PET polyethylene, polyethylene bottles, and PET preforms and covers in its Plastic segment; electric transformers, voltage stabilizers, battery chargers, welding machines, electric substations equipment, voltage transformers, energy distribution panels up to 6300 A, generators automatic transfer panels, control devices and logic programming systems, power factor correction panels, HVAC systems, power substations up to 36 kV – 3150 KVA, electric automation systems including SCADA, BMS and home automation, electric safety and security systems including fire and burglary alarms, surveillance cameras and access control, low-current systems including fibre-optic solutions, lighting control, evacuation voice and digital TV systems in its Electrical segment; general contracting services encompassing repair, demolition, rebuilding and construction of residential, commercial, public, educational, recreational and health facilities, maintenance and installation of electrical and electronic equipment, aluminum works, iron and wooden doors installation, carpentry, painting and decoration on iron and wood, road, bridge and street works; and logistics services in its Other segment, with operations spanning factories in Riyadh, Jeddah, Dammam, Jubail, Yanbu, Rabigh, Khamis Mushait, Kuwait, UAE and Algeria serving customers in Saudi Arabia, the GCC, Middle East, Africa and South America. In January 2024, the company increased its shareholding in Utec-Saudi and USSG by an additional 4.5% through the Electric sector; in 2024, it signed a share purchase agreement to acquire the entire equity of Petronash Holding Limited and its subsidiaries operating in Saudi Arabia, UAE, Qatar, Oman and India for approximately $175 million to diversify into oil & gas and specialized engineering products, with the acquisition completed on February 12, 2025 and consolidation beginning February 13, 2025, now operating across five sectors including the new Oil & Gas segment. Bawan Company maintains major shareholders including Al Fozan Group (25.53%) and Al Muhaidib Group (25.35%), focuses on high international quality standards in infrastructure, industrial, commercial and residential projects, and continues to modernize production lines and explore investment partnerships for sustainable growth.