Name: Element Works
Price range: $

Company website: http://www.rawabiholding.com/

Profile

Rawabi Group was founded in 1980 as a trading business through the establishment of Rawabi Oil and Gas Company (formally Rawabi Trading & Contracting) as a family-owned trading business and subsequently it became a wholly owned subsidiary of Rawabi Holding in 1999. The principal shareholder and founder remained to be Sheikh Abdulaziz Ali AlTurki.

Rawabi Holding was incorporated in 1999 as a limited liability company and currently has operations in several countries. At inception, Rawabi Group aspired to compete and substitute in the Saudi and Regional markets the presence of Globally recognized Oil & Gas Service Companies like:

Schlumberger
Halliburton
Baker Hughes
Weatherford

This aspiration was driven by Saudi Aramco’s commitment to the local content, even prior to the establishment of the IKTVA (The In-Kingdom Total Value Add Program). Additionally, it kept in consideration the Kingdom direction toward industrialization and petrochemical manufacturing.

The group grew the Oil & Gas sector in a faster pace leveraging the less saturated market and the wide range of products and services required by Saudi Aramco geared by having the unit-rate based framework. The Specialized Contracting and Industrial Services lagged in growth, due to market competition, the LSTK framework and the stagnant industry diversification, however, took solid steps in achieving strong and steady performance after spotting the market niche.

LinkedIn URL: https://www.linkedin.com/company/rawabi-holding-group