Rafid Group

What Rafid Group does

Rafid Group is a Saudi-based multinational industrial conglomerate founded in 1985 and headquartered in Al Khobar, operating across six divisions: Upstream Services, Downstream Services, Land & Marine Infrastructure, Manufacturing & Fabrication, Industrial Consultancy & Inspection Services, and Exquisite Marble Art Works. The group executes through more than 12 wholly-owned subsidiaries and joint ventures, anchored by Aasia Steel Factory (the first Saudi manufacturer of CRA clad line pipes and piping components via weld-overlay technology), Aasia Breda (API 6A/16A/16C-certified wellhead and valve manufacturing with Italy's Breda Energia), Aasia Special Industries (AS9100D-certified aerospace and defense components), Aasia Novametal (Saudi–Swiss filler-wire production including INCONEL 625/825), and Aasia Shaw (modular fabrication). Upstream capability is delivered through JVs with Sander Geophysics (Canada, AIRGRAV airborne surveys), BGP/CNPC (China, seismic acquisition including the first Red Sea OBN program), and Sinopec Zhongyuan (China, drilling, workover, and cementing since 2001). Marine and port infrastructure is delivered through China Harbour Engineering Arabia, with marquee projects including Ras Al-Zawr Deep Water Port, the Red Sea Gateway Terminal, and the 2025 Berri Increment EPC contract for two 880,000 sq. m artificial drilling islands.

The conglomerate's revenue model is project-based and enterprise-B2B, with large EPC contracts, hardware sales of manufactured pipe/valve components, professional services for QA/QC inspection (via ACES Global Quality Services Arabia, a 50:50 JV with Italy's ACES), and luxury marble installations (Citco Srl, Verona). Pricing is quote-based and not publicly disclosed. The customer base is concentrated in Saudi Aramco and government-owned industrial clients — Saudi Aramco awarded Aasia Steel its Local Manufacturer's Quality Excellence Award four consecutive years — with secondary exposure to Ma'aden, Saudi Geological Survey, Saudi Ports Authority, Técnicas Reunidas, and others. Go-to-market is enterprise field sales, with strategic international JVs providing technology transfer and qualification access. Aasia Steel alone reached $183 million in annual orders as of 2025, with a $30 million PO from Técnicas Reunidas for the Haradh-Hawiyah Gas Project signaling continued pipeline momentum.

Operationally, Rafid Group runs integrated manufacturing capacity exceeding 168,000 sq. m across Aasia Steel (100,000 sq. m), Aasia Breda (38,200 sq. m), Aasia Novametal (21,000 sq. m), and Aasia Special Industries (9,000 sq. m), all in Jubail Industrial City's Support Industries Area 3. The company employs 1,001–5,000 people, is privately held under founder Aziz Al Mandil, and aligns its local content, certification, and capacity investments with IKTVA and Saudi Vision 2030 objectives. Distribution is direct to enterprise clients across Saudi Arabia, with international partnerships providing technology, EPC capability, and project reach across six countries.

Name

Rafid Group

Legal name

Rafid Group

Website

https://rafidgroup.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Rafid Group is a Saudi-based multinational industrial conglomerate founded in 1985, operating across upstream oil and gas services, manufacturing (CRA pipes, wellheads, valves, aerospace/defense components), marine infrastructure EPC, industrial QA/QC inspection, and luxury marble artworks. It serves Saudi Aramco, government entities, and major EPC contractors through 12+ subsidiaries and JVs.

Ownership category

akta.pro rank

Product category

Industrial Manufacturing and Energy Services

NAICS

Aircraft Manufacturing (336411), Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511), Aerospace Product and Parts Manufacturing (33641)

SIC

Aircraft & Parts (3720), Aircraft (3721), Search, Detection, Navagation, Guidance, Aeronautical Sys (3812), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Military/Defense Helicopter Manufacturing (IMABABAB)

akta.pro secondary industries

Civil/Commercial Helicopter Manufacturing (IMABABAA), Military Aircraft Platforms (Fixed-Wing) (IMABAMAA), Military Rotorcraft Platforms (IMABAMAB), Fixed-Wing Unmanned Aircraft (UAV) (IMABAIAB), Manned Aerial Application (Fixed-Wing & Helicopter Crop Dusting) (AFACAIAA)

Keywords

• Oil and gas services
• Industrial EPC contracting
• Marine infrastructure construction
• CRA clad pipe manufacturing
• Industrial inspection services

Headquarters

HQ city

Al Khobar

HQ country

Saudi Arabia

HQ region

Middle East

Offices3 records

Markets served

Offering type

Services

Cost components

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

Revenue model

1. Engineering, Procurement & Construction (EPC) Contracts: Large-scale EPC contracts for infrastructure projects including marine construction, offshore islands, and industrial facilities
2. Industrial Manufacturing & Fabrication: Manufacturing of CRA clad pipes, wellheads, valves, filler wires, and aerospace components for energy and industrial sectors
3. Pipe and Component Supply Orders: Supply of specialized pipe cladding components and fittings for gas projects
4. Industrial Consultancy & Inspection Services: Third-party inspection, expediting, QA/QC, and training services for oil, gas, petrochemical, water, and power industries
5. Marble Artworks & Architectural Works: Custom marble installation and artistic works for interiors and exteriors through Citco Srl

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Rafid Group is a Saudi-based multinational industrial conglomerate that delivers upstream oil and gas services (geophysical surveys, seismic acquisition, drilling), downstream support services, land and marine infrastructure construction (ports, harbors, causeways), industrial manufacturing and fabrication (CRA clad pipes, wellheads, valves, aerospace components, filler wires), third-party inspection and QA/QC services, and luxury marble artworks through a portfolio of more than 12 companies and joint ventures operating primarily in Saudi Arabia.

Product overview

Rafid Group is a Saudi-based multinational conglomerate operating across six key divisions: Upstream Services, Downstream Services, Land & Marine Infrastructure, Manufacturing & Fabrication, Industrial Consultancy & Inspection Services, and Exquisite Marble Art Works. The group manages over 12 companies and joint ventures. Upstream Services include geophysical surveys and drilling through joint ventures with Sander Geophysics, BGP Arabia, and ZP Arabia. Manufacturing & Fabrication encompasses Aasia Steel (CRA clad pipes), Aasia Breda (wellheads and valves), Aasia Special Industries (aerospace/defense), Aasia Novametal (filler wires), and Aasia Shaw (modular fabrication). Industrial Consultancy & Inspection is delivered through ACES Global Quality Services Arabia. The Exquisite Marble Art Works division operates through Citco Srl in Italy. Services span energy, infrastructure, manufacturing, and creative sectors with strategic partnerships spanning Canada, China, Italy, Switzerland, and the United States.

Differentiator

Problem solved

Functional benefit

Products and services

• Upstream Geophysical & Seismic Survey Services
• Drilling, Workover, Cementing & Logging Services
• Downstream Industry Support Services
• Land & Marine Infrastructure Construction
• Aasia Steel CRA Clad Pipe & Piping Components
• Aasia Breda Wellheads, Valves & Modular Skids
• Aasia Special Industries Aerospace & Defense Components
• Aasia Novametal Filler Wires
• Aasia Shaw Advanced Modular Fabrication
• Industrial Inspection, QA/QC & Training Services
• Luxury Marble Artworks & Architectural Installations

Quantifiable outcome

• Aasia Steel received Saudi Aramco Quality Excellence Award in Large Manufacturers category for four consecutive years
• +2 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Nine partnerships are on record, tiered core.

• Novametal SA (Switzerland)coreStrategic or Co-development Partner · 1 January 2019Joint venture through Aasia Novametal Manufacturing Co. Ltd. established in 2019 for manufacturing filler wires including INCONEL 625 and 825 nickel alloys, stainless steel, and carbon steel wires. First of its kind in Saudi Arabia
• Sander Geophysics Ltd. (Canada)coreStrategic or Co-development PartnerJoint venture through Sander Geophysics Arabia Co. Ltd. specializing in high-resolution airborne surveys for mineral and hydrocarbon exploration, environmental mapping using AIRGRAV technology, fixed-wing aircraft, drones, and helicopters
• BGP Inc. / CNPC (China)coreStrategic or Co-development PartnerJoint venture through BGP Arabia Co. Ltd. providing seismic data acquisition, processing, and interpretation services. One of the largest seismic contractors in the Kingdom, successfully completed the first Red Sea exploration program using OBN technology
• Sinopec Zhongyuan Petroleum Engineering Ltd. (China)coreStrategic or Co-development PartnerJoint venture through ZP Arabia Drilling Co. Ltd. providing drilling, workover, cementing, and logging services to the oil and gas industry since 2001
• China Harbour Engineering Arabia Co. Ltd.coreStrategic or Co-development PartnerStrategic partner for marine construction, dredging, reclamation, and port infrastructure. Major projects include Ras Al-Zawr Deep Water Port, Red Sea Gateway Terminal, Jazan Economic City Port, and King Fahad Causeway Island A Project
• Breda Energia S.p.A. (Italy)coreStrategic or Co-development PartnerJoint venture through Aasia Breda Co. Ltd. for manufacturing wellheads, valves, control systems, and modular skids with API 6A, 16A, and 16C certifications. 38,200 sq. m facility in Jubail
• Shaw MENA LLC (USA)coreStrategic or Co-development PartnerJoint venture through Aasia Shaw Company Ltd. for advanced modular fabrication including pre-assembled units, pipe racks, modular furnaces, and reformer packages. Facility under development in Jubail Industrial City
• ACES Global Quality Services S.p.A. (Italy)coreStrategic or Co-development PartnerJoint venture through ACES Global Quality Services Arabia Co. Ltd. with 50:50 partnership providing inspection, expediting, QA/QC, and training services. ACES has global presence across Europe, North America, Middle East, Africa, India, Russia, China, Korea, and Asia Pacific
• Citco Srl (Italy)coreOEM/ Whitelabel/ Licensing PartnerWholly owned Italian marble company based in Verona specializing in luxury architectural marble pieces, museum-quality artistic works, and signature installations in residences, hotels, and cultural landmarks

Scale indicators11 records

Recent moves8 records

Expansion highlights5 records

Regional players

• Al-Bawani Company: Saudi EPC and infrastructure contractor active in oil & gas, marine, and civil construction — comparable to Rafid's CHEC Arabia and downstream services divisions in scope, though less diversified into manufacturing.
• Arabian Drilling Company: Saudi-based drilling contractor serving Saudi Aramco with onshore and offshore rigs — directly comparable to Rafid's ZP Arabia Drilling Co. subsidiary in service line, customer, and geography.
• Nesma & Partners: Saudi conglomerate with diversified operations across construction, manufacturing, and industrial services — comparable in vertical-integration strategy and Saudi-market focus.
• ADES Group: MENA-based oil & gas drilling and production services contractor with strong Aramco exposure — comparable to Rafid's upstream services JVs (ZP Arabia, BGP Arabia) in service offering and customer concentration.
• Al-Khodari Sons Company: Long-established Saudi construction and EPC contractor with oil & gas, infrastructure, and utilities exposure — comparable to Rafid's downstream and marine infrastructure divisions in contract type and customer base.

Direct peers

• Rezayat Group: Major Saudi conglomerate operating across oil & gas services, EPC, manufacturing, and trading with international JV partners — the closest structural analog to Rafid in terms of multi-vertical industrial holding model in Saudi Arabia.
• Mohammed Al-Mojil Group (MMG): Saudi conglomerate with a parallel structure of multiple subsidiaries and JVs spanning oil & gas services, marine construction, EPC, and industrial manufacturing — directly comparable in scale, geography, and conglomerate model to Rafid Group.

Broad incumbents

• Schlumberger (SLB): Global oilfield services and digital leader with active Saudi operations across seismic, drilling, and production — comparable to Rafid's upstream services portfolio in service category, though at vastly greater scale.
• Técnicas Reunidas: Spanish EPC major and Rafid customer (Haradh-Hawiyah gas project) — comparable as an EPC counterpart and end-customer within the same Saudi Aramco project ecosystem Rafid serves.
• Saipem: Global EPC contractor with deep Middle East / Saudi Arabia footprint in oil & gas, offshore, and onshore infrastructure — overlapping with Rafid's CHEC Arabia and downstream engineering operations at a much larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/rafidgroup
• Facebookfacebook.com/profile.php

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries11 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 Rafid Group