Saudi Iron & Steel Co.(Hadeed)

Since its establishment in 1979, Hadeed’s products have been a critical input for the development of the Saudi construction and industrial sectors. Saudi Iron and Steel Company (Hadeed) is the largest iron & steel producer in the Gulf Cooperation Council (GCC) offering a wide range of high-quality long and flat steel products. The company commenced production of long steel products in 1983 and flat steel products in 1998. Hadeed is a strategic player in the Saudi industrial ecosystem, playing a pivotal role in enabling Saudi Vision 2030. In May 2024, the Public Investment Fund acquired Hadeed, which subsequently acquired 100% of AlRajhi Steel Industries (AlRajhi Steel) with considerations of shares in Hadeed whereby AlRajhi Invest became a shareholder in Hadeed.