Midad Holdings

Name

Midad Holdings

Legal name

Midad Company Ltd

Website

https://midadholdings.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Al Khobar

HQ country

Saudi Arabia

HQ region

Middle East

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Oil and Gas Services: Technical support, completion systems, wellhead intervention, equipment rentals, and field services for upstream and downstream energy operations.
2. Chemical Manufacturing: Manufacturing and sale of specialty chemicals for energy markets and construction industry through two facilities in Dammam.
3. Industrial Linings and Sealings: Manufacturing of PTFE lining, rubber lining, and multi-cable transit solutions for industrial applications.
4. Marine Offshore Services: Crew boat operations, cargo handling, specialized vessel operations, accommodation services, and offshore project solutions.

Distribution channels1 record

Core offering

Midad Holdings is a diversified Saudi holding company providing technical services, manufactured products, and digital solutions to the oil & gas, refining & petrochemical, power & water, mining, and IT sectors. The company delivers oilfield services (wellhead intervention, slick-line, SCADA, wastewater treatment), specialty chemicals, industrial PTFE/rubber linings, cemented and open-hole completion systems (via Packers Plus technology transfer), and marine offshore crew boat/cargo operations through its subsidiaries and joint ventures in the Eastern Province.

Product overview

Midad Holdings is a diversified holding company established in 2007 as a member of Al Fozan Holding, operating across Saudi Arabia's oil, gas, power, mining, and IT sectors. The portfolio consists of four subsidiaries and three joint ventures: Midad Factory Company (industrial linings and sealings), Midad Chemicals Company (specialty chemicals manufacturing), Midad Oilfield Company (oilfield services), and Midad Energy Company (completion systems with Packers Plus partnership); plus joint ventures with Tech Mahindra Arabia (technology and digital transformation), Darktrace (AI-powered cybersecurity), and Miclyn Midad Marine (marine offshore services). The company provides technology transfer, staff training, partner collaboration, and innovation across its business units.

Differentiator

Problem solved

Functional benefit

Products and services

• Midad Oilfield Services Oilfield services covering wellhead intervention, high-pressure pump rentals, mobile wastewater treatment, flare line services, slick-line services, water transfer, hard banding, torquing, SCADA systems, and material supply for upstream and downstream energy operators.
• Midad Specialty Chemicals Manufacturing of specialty chemicals and chemical-based solutions serving upstream, midstream, and downstream energy markets and the construction industry, produced at two manufacturing facilities in Dammam's Third Industrial City (30,000 m2 footprint).
• Midad Industrial Linings and Sealings Manufacturing of industrial non-metallic linings and sealings including PTFE lining, rubber lining, and multi-cable transit solutions for corrosive protection in fertilizer, water desalination, chloralkali, steel, and petrochemical industries.
• Midad Completion Systems Cemented and open-hole completion systems developed with Packers Plus technology transfer for horizontal, vertical, multi-lateral, HPHT, and offshore wells. Delivered through an ISO 9001 certified MEC manufacturing facility providing high-end machining and assembly of completion components to support Saudi Aramco operations.
• Miclyn Midad Marine Offshore Services

Named customers7 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core and strategic.

• Packers PluscoreTechnology or Integration · 1 January 2018Partnership to deliver cemented and open-hole completion systems in Saudi Arabia. Includes technology transfer and development of local manufacturing capabilities for Packers Plus technologies to support Saudi Aramco operations.
• MEO Singapore (Miclyn Express Offshore)coreStrategic or Co-development PartnerJoint venture between MEO Singapore and Midad Company Limited forming Miclyn Midad Marine (MMM). Prominent marine offshore service company operating in Saudi Arabia's Eastern Region.
• Mahindra GroupcoreStrategic or Co-development PartnerJoint venture between Mahindra Group and Midad Company Limited forming Tech Mahindra Arabia. Operates in technology and business consulting with expertise in next-gen tech, blockchain, consulting, and BPO services.
• DarktracestrategicTechnology or IntegrationJoint venture for AI-powered cybersecurity solutions. Darktrace provides autonomous AI/ML-based defense systems against emerging cyber threats, serving 8,800+ clients globally across cloud, email, apps, endpoint, and network security.

Scale indicators6 records

Recent moves11 records

Expansion highlights5 records

Broad incumbents

• Schlumberger (SLB): Global oilfield services and digital technology incumbent. Comparable to Midad's oilfield services and digital/IT portfolio (through Tech Mahindra Arabia JV) as a broad-scope services and technology provider to the energy sector.
• Halliburton: Global oilfield services incumbent providing completion systems and well-intervention technology. Comparable to Midad's Packers Plus-based MEC business as the global benchmark in completion systems that Midad localizes for the Saudi market.
• Saipem: Global offshore engineering, drilling, and marine construction contractor. Comparable to Midad's Miclyn Midad Marine JV as a major counterparty in the offshore services supply chain serving Saudi Aramco offshore fields.

Direct peers

• Rawabi Holding: Large Saudi industrial conglomerate providing oilfield services, marine, chemicals, and energy-sector solutions across the GCC. Comparable to Midad as a multi-vertical Saudi industrial services platform serving Aramco and Eastern Province clients.
• Saudi Industrial Services Group (SISCO): Saudi-based diversified industrial holding company operating across ports, logistics, water, and energy services. Comparable to Midad as a multi-vertical Saudi holding company addressing infrastructure and industrial-services demand tied to Saudi Vision 2030.
• Mohammed Al-Mojil Group (MMG): Saudi conglomerate with operating companies in oil & gas services, marine, construction, and manufacturing. Comparable to Midad in business-model (multi-subsidiary holding serving Saudi oil & gas) and customer base (Aramco and GCC majors).
• Almabani (Mohammad A. Al-Saleh & Sons Co.): Saudi heavy construction and oil & gas services contractor active in marine, infrastructure, and energy projects. Comparable to Midad's Miclyn Midad Marine and Midad Oilfield Company as a local partner of choice for Aramco and Saudi EPC contractors.

Regional players

• Arabian Drilling Company: Saudi-headquartered onshore and offshore drilling contractor serving Saudi Aramco and regional operators. Comparable to Midad as a Saudi-based oilfield services platform, though focused on rig-based drilling rather than the broader services/chemicals/marine bundle.
• National Energy Services Reunited (NESR): MENA-focused oilfield services provider offering drilling, completions, and production services across the Middle East, North Africa, and South Asia. Comparable to Midad's Midad Energy and Midad Oilfield subsidiaries in completion and well-services scope.
• ADES International Holding: Middle East-headquartered offshore and onshore drilling and oilfield services operator. Comparable to Midad in marine/offshore services delivery model and KSA/Eastern Province exposure, though listed and drilling-focused.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/midad-holdings

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Midad Holdings