Obeikan Glass Co

Obeikan Glass Co is a Saudi Arabian manufacturer of glass products, specializing in flat glass processing for the building and construction industry. The company operates under the Industrials sector within the Building Products & Equipment industry. Its product portfolio includes tempered, laminated, insulated, and decorative glass used in windows, facades, doors, and interior applications. Obeikan Glass serves both residential and commercial construction projects, with a focus on the Saudi market.

Revenue is generated primarily from the sale of processed glass products to contractors, developers, and glass distributors. The company operates manufacturing facilities that transform raw float glass into value-added products. Cost of goods sold includes raw materials, energy, and labor. Despite a negative operating margin (-0.74%), the company maintains a positive profit margin (15.26%) due to other income or low tax rates. Recent quarterly revenue has been stable around 90M SAR, with net income fluctuating significantly.

Obeikan Glass competes in the Saudi building products sector, which is tied to construction activity and real estate development. The industry is cyclical and influenced by government infrastructure spending and housing projects under Vision 2030. Key competitors include other local glass processors and international imports. The company’s valuation metrics (P/E 12.87, P/B 1.29, EV/EBITDA 8.14) suggest moderate valuation. Its dividend yield of 4.34% may appeal to income-focused investors.

Customers include construction companies, real estate developers, glazing contractors, and retail glass shops. The primary geographic market is Saudi Arabia, with potential exports to neighboring GCC countries. The company benefits from local demand for building materials driven by urban development and mega-projects. However, its reliance on the domestic construction cycle exposes it to economic downturns and project delays.

An auto-generated descriptive profile based on company data, for informational purposes only.