Saudi Iron and Steel Company (Hadeed) is the largest steel producer in the Gulf Cooperation Council (GCC) region and offers a distinguished range of high-quality long and flat steel products. The company began producing long steel products in 1983 and later expanded into flat steel production in 1998.
Since its establishment in 1979, Hadeed’s products have played an active role in the development of the construction and industrial sectors in the Kingdom of Saudi Arabia.
Hadeed is considered a cornerstone of the industrial ecosystem and plays a key role in achieving Saudi Vision 2030.
In May 2024, the Public Investment Fund (PIF) acquired Hadeed, which subsequently acquired a 100% stake in Al Rajhi Steel Industries Company (Rajhi Steel) from Al Rajhi Investment Company through the subscription to newly issued shares in Hadeed.
