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Al Khobar-based Pan Gulf Industrial Investments Company (PGII) has through diversification over the years evolved to become the pivotal part of Pan Gulf Holding (PGH), an empire serving three main sectors -- industrial, food and telecom.
"We see ourselves as an industrial investment group," says PGII's managing director, Salah Al Otaibi, who notes that the company's future strategy will revolve around seeking opportunities by acquiring stakes in manufacturing assets in the Kingdom of Saudi Arabia.
He stresses that PGII's future successes will be built on diverse foundations.
PGII is a conglomerate of eight industrial companies that are active in manufacturing, servicing and trading high-quality engineered products that include all types of valves, process equipment for the oil and gas sector, steel structure fabrication, skids design and manufacturing, plant shutdown maintenance in addition to various other specialised products and services.
PGII's client list includes many prestigious companies that operate in various economic sectors in Saudi Arabia such as oil and gas, refining, petrochemical, power, mining and desalination.
PGII's managing director, Salah Al Otaibi, believes that the journey towards the initial public offering (IPO) is an opportunity to reflect PGII's role and responsibilities within the group structure and to plan its strategic priorities going forward.
By achieving this, PGII is expected to become the pivotal part of Pan Gulf Holding (PGH), a SR2 billion ($533 million) empire, which serves three main sectors -- industrial (through its 99 per cent stake in PGII), food and telecoms.
Al Otaibi says PGII sees considerable scope, for example, in the kingdom's aluminium sector, given the ongoing developments at the industrial city of Ras Al Khair in the Eastern Province, and in particular the joint venture between Ma'aden and Alcoa.
It will be up to the complementary skills and experience of the PGII management team, headed by chairman Khalid Al Hamdan and Al Otaibi as managing director, to steer the PGII ship into new areas of opportunity; further leveraging the synergies that already exist between the group entities and ensuring closer synchronisation of their models in addition to achieving economies of scale.
PGII is a conglomerate comprising of eight industrial leading firms that manufacture engineered products, valves in addition to steel fabrication of process equipment, steel structures and custom made gratings and specialised steel products.
Moreover, PGII is a major supplier for piping products, fire safety and security products and services and welding solutions services.
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