AMIANTIT
15.26 SAR
-0.52%
Today
-1.23%
1D
Market is closed
Sun
10:00 AM ~ 3:00 PM
Mon
10:00 AM ~ 3:00 PM
Tue
10:00 AM ~ 3:00 PM
Wed
10:00 AM ~ 3:00 PM
Thu
10:00 AM ~ 3:00 PM
Fri
Closed
Sat
Closed
Information
Name
Saudi Arabian Amiantit
Currency
SAR
Standard Leverage
1X
Market Cap
629.96M
Avg Daily Volume
313.49K
52 Week High
24.58 SAR
52 Week Low
12.01 SAR
Trading Hours
See hours
Business Summary
The Saudi Arabian Amiantit Company, together with its subsidiaries, manufactures and sells various pipes and related products in Saudi Arabia. The company offers ductile iron pipes and fitting products, and pipe fittings; glass reinforced plastic, glass reinforced vinyl ester and glass reinforced epoxy products, pipes, tanks, manholes, spools, and fittings for water, chemical, and wastewater applications; and licenses related technologies. It also provides ductile iron valve products, gate, butterfly, air control, check, and hydraulic valves; high density polyethylene products, solid pipes, and corrugated pipes; and rubber products, such as rubber rings and seals, ariflix, tank track pads, rubber spiders, and o- rings, as well as customized rubber solutions for construction, HVAC, and defense sectors. In addition, the company offers design, engineering, and implementation services comprising full scale system installation; testing and commissioning services for installed systems; site consulting, support, and supervision services; supply, usage, and training on specialized equipment; electro-mechanical design and project execution, including pipeline and tank design, stress analysis, and life assessments; and fiberglass piping installations for industries, such as power, desalination, petrochemicals, and infrastructure. Further, the company provides water management services, including related consultancy, engineering, and operations. It serves water, infrastructure, oil, and gas industries. The Saudi Arabian Amiantit Company was incorporated in 1968 and is headquartered in Dammam, Saudi Arabia.
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Frequently Asked Questions
What are industrial stocks in trading?
Industrial stocks represent companies involved in manufacturing, infrastructure, construction, and transportation.
Are industrial stocks a good long-term investment?
Yes, especially during economic expansions. They may offer consistent returns and dividends, though they can be sensitive to economic slowdowns and interest rate changes.
How do interest rates impact industrial stocks?
Rising interest rates can increase borrowing costs for industrial companies, which may reduce profit margins and capital spending, impacting stock performance.
What are examples of industrial sectors to watch?
Aerospace, defense, construction, machinery, and logistics are key sectors often tracked by investors looking for industrial exposure.
