Change Logs

Why invest in Alwasail?

The business: sustainable building and infrastructure solutions

Known as one of the provider of high-quality HDPE Pipes and equipment that are in-demand in modern construction, irrigation, potable waterlines, gas infrastructures, telecommunication lines, and drainage systems.
Alwasail helps the construction industry by operating in European and North American markets and serving both new construction and renovation projects.

The company: an industry innovator building on a century of tradition

A leading supplier provider of its product for commercial construction for drinking water delivery and radiant heating and cooling systems; and a strong position in infrastructure piping systems in Saudi Arabia and in the GCC.
Well maintained manufacturing network with capacity to grow
Continuous material and production technology development to support operational efficiency
Committed long-term key ownership with a clear understanding of the industry’s dynamics

Investor Relations

Investor relations serve as the link between the Alwasail Industrial Company and its shareholders and potential investors. They are the entity authorized to manage communication between the Saudi Stock Exchange and the company. Investor relations aim to develop and improve relations between shareholders and the company by facilitating services with precisely considered strategic plans that are reviewed and developed annually in line with shareholder interests. Investor relations also handle the management and organization of the company's share registers, monitor the distribution of profit shares decided to be distributed, provide the relevant company departments with periodic reports and all circulars issued by regulatory bodies, and ensure their application.

They also keep the shareholder data received from the Saudi Stock Exchange "Tadawul" available when needed. Furthermore, they follow up on the obligations of the board members and senior executives regarding their company share ownership and trading blackout periods and publish all company announcements on the "Tadawul" site. They also handle preparations for regular and extraordinary general assemblies and address all shareholder inquiries.

Company Governance

Governance is an integral part of the company's core values. The company aims to adopt the highest standards of corporate governance, best practices, and adhere to them to continue delivering the highest value levels to our shareholders. We believe that applying the highest governance standards is essential for the integrity and sustainability of our business.

Audit Committee

The audit committee aims to ensure the sufficiency and effective implementation of the internal control system, supervises the performance of the internal audit management, follows up on the results of the external auditor's work, supports the independence and objectivity of internal and external audits, and assists the board of directors in fulfilling its responsibilities through effective control aimed at protecting the company's assets, the interests of its shareholders, and enhancing the level of risk at a reasonable cost.

Dr. Abdulrahman Abdullah Almushekih

Chairman of the Board of Directors

Mr. Saleh Abdullah Abdulaziz Almushekih

Vice-Chairman of the Board

Mr. Abdul Kader Abdullah Almushekih

Board Member and CEO

Mr. Nasser bin Abdullah Almushekih

Board Member

Mr. Abdulaziz Abdullah Almushekih

Board Member

Prof. Khalid bin Abdulaziz Al-Shareeda

Board Member

Mr. Ibrahim Saeed Al-Mubarak

Board Member, Chairman of the Audit Committee

Mr. Rakan Mohammed Abu-Nayyan

Board Member, Chairman of the Investment Committee

Mr. Musaad Sulaiman Al-Ohaly

Board Member, Chairman of the Nomination and Remuneration Committee

Board of
Directors

The company's board of directors consists of seven members appointed by the ordinary general assembly. The board is responsible for managing the company, outlining its policies, determining its investments, overseeing its operations, assets, and handling its affairs both inside and outside the Kingdom to achieve its objectives.

Company Bylaws

Financial Reports &
Information

At Alwasail, we understand the significance of financial transparency. We provide comprehensive financial information to help our investors make informed decisions. Our financial highlights include annual and semi-annual reports, such as the Consolidated Statement of Financial Position, Consolidated Statement of Profit and Loss, and Key Indicators. These reports provide insights into our financial performance, demonstrating our commitment to sustainable growth and value creation.