Acquisition Year: 2015
Acquisition Stake: 56 percent
Sector: Industrial Manufacturing
Fund: Jadwa Mechanical Opportunities Fund
About Saudi Mechanical Industries Company
Saudi Mechanical Industries Company is a Riyadh based Company established in 1982 to manufacture fluid flow and control equipment in KSA. SMI has grown its operations to become a leading engineering company engaged in manufacturing a variety of products including engineering components, pumps, gear drives, and steel and bronze bars for use in a broad array of industries including oil & gas, infrastructure, automotive, agriculture and mining. Today, SMI employs over 800 professionals, working with more than 290 clients across Saudi Arabia, United States, Europe, and the MENA region.