Here are details of Tadweeer and its growth strategy

Logo of Tadweeer National Environment Recycling Company

Saudi Arabia’s Capital Market Authority (CMA) approved, in March, National Environment Recycling Co.’s (Tadweeer) request to register its shares for direct listing on Nomu Parallel Market. 

In the listing document, Tadweer set the price guidance at SAR 65 per share.

Tadweeer was established as a closed joint stock company in 2015, with a capital of SAR 15 million in Riyadh, while the current capital stands at SAR 58.08 million.

The company’s bylaws list its activities to include the practice and implementation of manufacturing industries and its branches in line with industrial licenses, building and construction, transportation, storage and refrigeration, in addition to social, public and personal services, and trade.

The following table explains the company's capital updates:

The company's main operations are the recycling of electronic and electrical waste, in accordance with the environmental standards adopted by the supervisory authorities, where the company aims to produce various raw metals from such waste, in line with a business model that complies with the environmental protection regulations in Saudi Arabia.

Tadweeer crushes, sorts and separates mixed metals through artificial intelligence-based technologies, resulting in various highly pure metals such as copper, aluminum, stainless steel, nickel and chromium, iron and plastic. In addition, it produces circuit boards containing precious metals such as gold and silver, and other various types of solid metals that vary in purity from 80% to 99%. It then sells these products in local and international markets.

Tadweeer said it owns one subsidiary, Safe Information Modern Systems (formerly Sims Recycling Solutions), which it acquired in May 2021 with a capital of AED 5 million. The subsidiary is located in Dubai's Jebel Ali Free Zone.

The company has a single branch in the Kingdom, located on Dammam Road, where it engages in the following activities: non-ferrous metal casting (semi-finished products) including (aluminum, zinc, etc), and the manufacturing of finished and semi-finished metal products by stamping, pressing, casting or rolling.

The company stated that it developed its strategic plans in line with its future vision, which includes the ability to recycle all materials available in the market; reaching the highest possible purity in the final products; complete separation of final products; and reducing the supply chain, targeting source purchases, and selling to smelters.

The firm pointed out that it has many competitive advantages, including owning the only factory for recycling of Waste of Electrical and Electronic Equipment (WEEE) in the Kingdom.

The plant obtained international quality systems, enjoys a highly technical expert team, and it’s characterized by the rapid development of production capacity and the quality of materials produced, its ability to compete in an unfair environment, the use of the latest available technologies and flexibility in the nature of production processes.

According to the company's registration document, Tadweeer is seeking to invest SAR 31 million through the purchase of equipment and production lines with advanced artificial intelligence-based technologies. The following table illustrates the pillars of its expansion plan:

The firm also plans to invest in very rare advanced AI-based technologies, existing in only five world countries so far, which will enable it to deal and benefit from all inputs that fall under the electronic and electrical waste.

The following table shows the company's research, development and employment policies: