Dubai Investment company buys Saudi Rubber company

ERJ staff report (DS)

Dammam, Saudi Arabia -- Masharie, the private equity arm of Dubai Investments PJSC, is to buy a 51 percent stake in Technical Rubber - which makes rubber products and is based in Dammam, Saudi Arabia. A string of news reports from the region indicated the deal has gone through, but Masharie had not confirmed to ERJ by the time we went to press.

Abdulaziz Bin Yagub Al Serkal, CEO of Masharie said, "Masharie already has a significant presence in the rubber market through its subsidiary International Rubber Company (IRC). The acquisition of Technical Rubber perfectly complements IRC's range and together they will offer a complete array of high-quality rubber products."

Technical Rubber specialises in the manufacturing of a wide range of rubber products including extruded profiles for architectural applications, water proofing and industrial sheets for floors and roofing, moulded products including wall guards, column guards, speed breakers, marine fenders, and bearing pads for bridges. Technical Rubber has obtained approvals from leading institutional customers in Saudi Arabia, Kuwait, Bahrain, Qatar and Oman.

This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.

Home page of Dubai Investments

Masharie acquires 51 percent stake in Saudi-based Technical Rubber Zawya (UAE)

Masharie acquires 51 percent stake in Saudi-based Technical Rubber AME Info (UAE)

Masharie acquires 51 percent stake in Saudi-based Technical Rubber Arif's Blog (Saudi)