Midad Holdings
- Company typePrivate
- Founded2007
- HeadquartersAl Khobar, Saudi Arabia
- Headcount11–50
- GTM typeB2B
- OfferingServices
Midad Holdings firmographics
Firmographics- 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
Where Midad Holdings is headquartered
LocationHeadquarters
- HQ city
- Al Khobar
- HQ country
- Saudi Arabia
- HQ region
- Middle East
Offices4 records
Markets served
Midad Holdings business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Oil and Gas Services: Technical support, completion systems, wellhead intervention, equipment rentals, and field services for upstream and downstream energy operations.
- Chemical Manufacturing: Manufacturing and sale of specialty chemicals for energy markets and construction industry through two facilities in Dammam.
- Industrial Linings and Sealings: Manufacturing of PTFE lining, rubber lining, and multi-cable transit solutions for industrial applications.
- Marine Offshore Services: Crew boat operations, cargo handling, specialized vessel operations, accommodation services, and offshore project solutions.
Distribution channels1 record
Midad Holdings product offering
Product offeringCore 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
Companies that use Midad Holdings
Customer profileNamed customers7 records
Segments6 records
Ideal customer profiles3 records
Midad Holdings technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability6 records
Feature5 records
Midad Holdings partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and strategic.
- Packers PluscorePartnership 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)coreJoint 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 GroupcoreJoint 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.
- DarktracestrategicJoint 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
Midad Holdings competitors and assessment
Company assessmentBroad 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
Midad Holdings social profiles
Digital presenceMidad Holdings compliance and trust
Trust signalCompliance1 record
Midad Holdings financial estimates
Financial estimateRevenue estimate
Valuation estimate
Midad Holdings leadership team
Management profileNumber of profiles
Profiles1 record
Midad Holdings subsidiaries and ownership
Company hierarchySubsidiaries3 records
Midad Holdings funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Midad Holdings M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Midad Holdings
What does Midad Holdings do?
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.
Is Midad Holdings a public or private company?
Midad Holdings is a private company. It is classified as family owned and is currently operating.
When was Midad Holdings founded?
Midad Holdings was founded in 2007. It employs 11 to 50 people.
Where is Midad Holdings based?
Midad Holdings is headquartered in Al Khobar, Saudi Arabia, in the Middle East region.
How does Midad Holdings make money?
Four revenue lines are on record. Oil and Gas Services are the primary driver. The others are chemical Manufacturing, industrial Linings and Sealings and marine Offshore Services.
Who are Midad Holdings's main competitors?
Broad incumbents on record are Schlumberger (SLB), Halliburton and Saipem. Direct peers are Rawabi Holding, Saudi Industrial Services Group (SISCO), Mohammed Al-Mojil Group (MMG) and Almabani (Mohammad A. Al-Saleh & Sons Co.). Regional players are Arabian Drilling Company, National Energy Services Reunited (NESR) and ADES International Holding.
Does Midad Holdings have an API?
No public API is recorded for Midad Holdings.