ALUPCO to list shares on Tadawul next year

Aluminium Products Co. (ALUPCO) intends to go public on Tadawul in the second half of 2026, said CEO Khaled Abdel-Moneim.

In an interview with Asharq Bloomberg on the sidelines of the Public Investment Fund (PIF) Forum, Abdel-Moneim said ALUPCO ranks among the top 100 companies in Saudi Arabia, with sales in the billions.

He added that the company is owned by the heirs of Sheikh Hashem (40%), Olayan Group (30%), and Bahamdan Group (30%), noting that the shareholders will retain their stakes following the IPO.

Given its large production scale, ALUPCO collaborates with all Saudi banks and the Saudi Export-Import Bank (Saudi EXIM), with total loans amounting to approximately SAR 350 million, the CEO noted.

Founded in 1975, ALUPCO is a closed joint-stock company specializing in aluminum extrusion across the Middle East and North Africa, providing sustainable building solutions worldwide.