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AGC Obeikan Glass

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uuid006dxu3

Namestring
AGC Obeikan Glass
Legal namestring
AGC Obeikan Glass
Company typeenum
Private
Founded yearint
2015
Descriptiontext

AGC Obeikan Glass is a Saudi Arabia-based joint venture established in 2015 between AGC Glass Europe (a division of Japanese Asahi Glass Co. / AGC Inc.) and the Saudi Arabian Obeikan Group. The company manufactures high-performance, spectrally selective solar control glass and insulating glass products at a facility in Yanbu, Saudi Arabia, utilizing a state-of-the-art magnetron coater with 72 sputtering positions and an annual production capacity of 5.5 million square meters. The product portfolio comprises 12 SKUs organized in three families: Stopray (premium double-silver solar control including Ace-30T, Titanium-34T, Smart, and Vision), Sunlux (architectural solar control including Chroma, DarkChroma, Shadow, and Orion), and Energy/iplus (low-emissivity and insulating glass including Energy Light, Energy 72/38T, iplus Solid, and iplus AS). The company is the first magnetron-coated glass manufacturer in the Middle East to obtain Cradle-to-Cradle certification and the first glass manufacturer in the Middle East to receive Dubai Municipality Product Conformity certification, and it holds EPD, ISO 9001, ISO 14001, and ISO 45001 certifications.

The business model is enterprise B2B with project-based revenue from one-time sales of coated glass products. Go-to-market targets architects, engineering firms, façade makers, glass processors, and property developers across Saudi Arabia, the UAE, and select international markets, supported by a Technical Advisory Services (TAS) team that provides pre-sales technical consultation on light/thermal/acoustic properties, structural calculation, and processing parameters, alongside dedicated International Building Projects (IBP) and Interior Design Consulting (IDC) functions. Pricing is project-specific and not publicly disclosed; customers contact the company directly through its Yanbu factory and Dubai sales office (Dubai Silicon Oasis) or via its website and Glass Configurator. Marketing relies on major industry exhibitions (Glasstec, Big 5, ZAK World of Facades), educational seminars, and active social media presence on LinkedIn, Facebook, and YouTube.

Named commercial references include marquee Gulf real estate and hospitality projects—EMAAR (Dubai Hills - Park Point; Grand Bleu Tower), DAMAC Properties (Damac Heights), KAFD (multiple parcels including Parcel 1.12, Parcels 5.07 & 5.08, Parcel 1.08, Parcel 1.10 Crystal Tower, Parcel 1.11, Parcel 1.17 Tadawul Tower), Renaissance Hotel Riyadh, Crowne Plaza Taiba Hotel (opening 2025), The First Group (The One Hotel), AEDAS (The Residences at Marina Gate), Arada (Nest in Aljada), Dubai University Campus, and Zaha Hadid Architects (Beijing Airport). Revenue, headcount, and ownership percentages are not publicly disclosed.

Short descriptiontext

AGC Obeikan Glass is a Saudi Arabia-based joint venture manufacturing high-performance magnetron-coated solar control and insulating glass products for architects, façade makers, developers, and construction firms across the Middle East and select international markets.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersLouvain-la-neuve, Belgium
HQ citystring
Louvain-la-neuve
HQ countrystring
Belgium
HQ regionstring
Europe
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
solar control glass, coated architectural glass, magnetron sputtering coating, insulating glass products, energy efficient glazing
Industry3 codes
1Low‑E, Solar Control & Energy-Efficient Coated Glass
CodeIMADAHAFPrimaryYes
2Flat Glass (Float/Sheet/Plate) Manufacturing
CodeIMADAHAAPrimaryNo
3Glass Fabrication & Processing Services (Cutting/Edging/Drilling/Polishing)
CodeIMADAHAIPrimaryNo
NAICS code3 codes
  • Flat Glass Manufacturing327211
  • Glass and Glass Product Manufacturing32721
  • Glass Product Manufacturing Made of Purchased Glass327215
SIC code2 codes
  • Glass Products, Made Of Purchased Glass3231
  • Flat Glass3211
Product category
Architectural Glass Manufacturing
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model1 record
1Coated Glass Product Sales
TypeOne Time License
Description

Company manufactures and sells high-performance coated glass products including Sunlux, Stopray, and iplus product lines. Products are sold to architects, façade makers, processors, and construction companies for use in building facades, windows, and interior applications.

agc-obeikanglass.com.sa
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D, Marketing or Sales
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 12 records shown
1Sunlux Chroma
Description

Product line for architectural glass applications

agc-obeikanglass.com.sa
+11 more records
Core offering1 text field

AGC Obeikan Glass manufactures high-performance, spectrally selective, energy-efficient coated architectural glass products using a state-of-the-art magnetron coater with 72 sputtering positions. The company produces solar control glass (Stopray, Sunlux) and low-emissivity insulating glass (iplus, Energy) lines for building facades, windows, roofs, and interior applications, selling to architects, façade makers, processors, and construction firms across the Middle East and international markets.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • 5.5 million sqm production capacity per year
+2 more records
Product overview1 text field

AGC Obeikan Glass is a joint venture (established 2015) manufacturing high-performance magnetron-coated solar control and insulating glass products. The company operates a state-of-the-art magnetron coater with 72 sputtering positions and 5.5 million SQM annual production capacity. The product portfolio centers on spectrally selective, energy-efficient glass coatings organized into three main product lines: Stopray (Ace-30T, Titanium-34T, Smart, Vision) for premium solar control with double silver technology; Sunlux (Chroma, DarkChroma, Shadow, Orion) for architectural applications; and Energy/iplus (Energy Light, Energy 72/38T, iplus Solid, iplus AS) for thermal insulation performance. The company provides Technical Advisory Services (TAS) supporting pre-processing, toughening, and heat-strengthening operations, along with consulting services for International Building Projects (IBP) and Interior Design Consulting (IDC).

Product and service12 records
1Stopray Ace-30T
CategorySolar Control Glass
2Stopray Titanium-34T
CategorySolar Control Glass
3Stopray Smart
CategorySolar Control Glass
4Stopray Vision
CategorySolar Control Glass
5Sunlux Chroma
CategoryArchitectural Solar Control Glass
6Sunlux DarkChroma
CategoryArchitectural Solar Control Glass
7Sunlux Shadow
CategoryArchitectural Solar Control Glass
8Sunlux Orion
CategoryArchitectural Solar Control Glass
9iplus Solid
CategoryInsulating Glass
10iplus AS
CategoryInsulating Glass
11Energy Light
CategorySolar Control Glass
12Energy 72/38T
CategorySolar Control Glass
Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2015-01-01
Description

AGC Glass Europe is the parent company and joint venture partner. The joint venture AGC Obeikan Glass was established in 2015, combining AGC's European glass coating technology with local manufacturing in Saudi Arabia. AGC provides magnetron coating technology and product expertise while the joint venture handles regional manufacturing and sales.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Sisecam is one of the world's largest flat glass producers with architectural coated-glass products and a strong manufacturing footprint in Turkey and Europe. It is a direct regional competitor with significant presence in MENA construction projects.

TypeDirect peer
Description

Pilkington (NSG Group) manufactures coated architectural glass including the Suncool solar control range via magnetron sputtering technology. It is a direct competitor in the same high-performance coated flat glass category.

TypeBroad incumbent
Description

AGC Glass Europe is AGC Obeikan's parent/JV partner and one of Europe's largest architectural coated glass producers (e.g., Stopray, Sunlux, Energy branded products). It is comparable as both technology source and broader European-market incumbent competitor.

TypeDirect peer
Description

Guardian Glass produces the SunGuard solar control and low-E coated glass family from a global manufacturing footprint. It directly competes with AGC Obeikan's Stopray and iplus lines in Middle East commercial and high-rise residential projects.

TypeDirect peer
Description

Saint-Gobain Glass is a global manufacturer of flat and coated architectural glass (e.g., Cool-Lite, SGG) producing magnetron-coated solar control and low-E products for façades. It directly competes with AGC Obeikan Glass in regional MENA project specifications and has comparable sustainability certification portfolios.

TypeDirect peer
Description

Emirates Glass is a UAE-based architectural coated glass manufacturer producing solar control and low-E products for regional façades. It directly competes with AGC Obeikan on local Dubai and GCC project specifications.

TypeBroad incumbent
Description

Vitro Architectural Glass produces Solarban and other magnetron-coated solar control low-E glasses for commercial buildings. It is a broader incumbent serving similar architect and façade-maker customers, though primarily North America-focused.

TypeDirect peer
Description

Cardinal Glass is one of the largest US-based architectural glass manufacturers producing LoE and Neat coatings through magnetron sputtering. It is comparable in coated-glass technology and serves overlapping façade/architect segments.

TypeRegional player
Description

Saudi American Glass is a Saudi Arabia-based architectural glass processor and supplier of insulated, tempered, and coated glass products. It is a regional player serving similar Saudi construction customers, though more focused on processed glass than primary coated-glass manufacturing.

TypeBroad incumbent
Description

Central Glass is a Japanese specialty glass manufacturer producing flat, coated, and architectural glass. It is comparable as an established flat/coated glass incumbent with overlapping building-products technology.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers12 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
Compliance6 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

AGC Obeikan Glass

Architectural Glass Manufacturingagc-obeikanglass.com.sa

AGC Obeikan Glass is a Saudi Arabia-based joint venture manufacturing high-performance magnetron-coated solar control and insulating glass products for architects, façade makers, developers, and construction firms across the Middle East and select international markets.

What AGC Obeikan Glass does

AGC Obeikan Glass is a Saudi Arabia-based joint venture established in 2015 between AGC Glass Europe (a division of Japanese Asahi Glass Co. / AGC Inc.) and the Saudi Arabian Obeikan Group. The company manufactures high-performance, spectrally selective solar control glass and insulating glass products at a facility in Yanbu, Saudi Arabia, utilizing a state-of-the-art magnetron coater with 72 sputtering positions and an annual production capacity of 5.5 million square meters. The product portfolio comprises 12 SKUs organized in three families: Stopray (premium double-silver solar control including Ace-30T, Titanium-34T, Smart, and Vision), Sunlux (architectural solar control including Chroma, DarkChroma, Shadow, and Orion), and Energy/iplus (low-emissivity and insulating glass including Energy Light, Energy 72/38T, iplus Solid, and iplus AS). The company is the first magnetron-coated glass manufacturer in the Middle East to obtain Cradle-to-Cradle certification and the first glass manufacturer in the Middle East to receive Dubai Municipality Product Conformity certification, and it holds EPD, ISO 9001, ISO 14001, and ISO 45001 certifications.

The business model is enterprise B2B with project-based revenue from one-time sales of coated glass products. Go-to-market targets architects, engineering firms, façade makers, glass processors, and property developers across Saudi Arabia, the UAE, and select international markets, supported by a Technical Advisory Services (TAS) team that provides pre-sales technical consultation on light/thermal/acoustic properties, structural calculation, and processing parameters, alongside dedicated International Building Projects (IBP) and Interior Design Consulting (IDC) functions. Pricing is project-specific and not publicly disclosed; customers contact the company directly through its Yanbu factory and Dubai sales office (Dubai Silicon Oasis) or via its website and Glass Configurator. Marketing relies on major industry exhibitions (Glasstec, Big 5, ZAK World of Facades), educational seminars, and active social media presence on LinkedIn, Facebook, and YouTube.

Named commercial references include marquee Gulf real estate and hospitality projects—EMAAR (Dubai Hills - Park Point; Grand Bleu Tower), DAMAC Properties (Damac Heights), KAFD (multiple parcels including Parcel 1.12, Parcels 5.07 & 5.08, Parcel 1.08, Parcel 1.10 Crystal Tower, Parcel 1.11, Parcel 1.17 Tadawul Tower), Renaissance Hotel Riyadh, Crowne Plaza Taiba Hotel (opening 2025), The First Group (The One Hotel), AEDAS (The Residences at Marina Gate), Arada (Nest in Aljada), Dubai University Campus, and Zaha Hadid Architects (Beijing Airport). Revenue, headcount, and ownership percentages are not publicly disclosed.

AGC Obeikan Glass firmographics

Firmographics
Name
AGC Obeikan Glass
Legal name
AGC Obeikan Glass
Website
https://agc-obeikanglass.com.sa
Company type
Private
Founded year
2015
Operating status
Operating
Headcount range
101–250 employees
Short description
AGC Obeikan Glass is a Saudi Arabia-based joint venture manufacturing high-performance magnetron-coated solar control and insulating glass products for architects, façade makers, developers, and construction firms across the Middle East and select international markets.
Ownership category
akta.pro rank

AGC Obeikan Glass industry classification

Industry
Product category
Architectural Glass Manufacturing
NAICS
Flat Glass Manufacturing (327211), Glass and Glass Product Manufacturing (32721), Glass Product Manufacturing Made of Purchased Glass (327215)
SIC
Glass Products, Made Of Purchased Glass (3231), Flat Glass (3211)
akta.pro primary industry
Low‑E, Solar Control & Energy-Efficient Coated Glass (IMADAHAF)
akta.pro secondary industries
Flat Glass (Float/Sheet/Plate) Manufacturing (IMADAHAA), Glass Fabrication & Processing Services (Cutting/Edging/Drilling/Polishing) (IMADAHAI)

Keywords

  • Solar control glass
  • Coated architectural glass
  • Magnetron sputtering coating
  • Insulating glass products
  • Energy efficient glazing

Where AGC Obeikan Glass is headquartered

Location

Headquarters

HQ city
Louvain-la-neuve
HQ country
Belgium
HQ region
Europe

Offices2 records

Markets served

AGC Obeikan Glass business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

  1. Coated Glass Product Sales: Company manufactures and sells high-performance coated glass products including Sunlux, Stopray, and iplus product lines. Products are sold to architects, façade makers, processors, and construction companies for use in building facades, windows, and interior applications.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

AGC Obeikan Glass product offering

Product offering

Core offering

AGC Obeikan Glass manufactures high-performance, spectrally selective, energy-efficient coated architectural glass products using a state-of-the-art magnetron coater with 72 sputtering positions. The company produces solar control glass (Stopray, Sunlux) and low-emissivity insulating glass (iplus, Energy) lines for building facades, windows, roofs, and interior applications, selling to architects, façade makers, processors, and construction firms across the Middle East and international markets.

Product overview

AGC Obeikan Glass is a joint venture (established 2015) manufacturing high-performance magnetron-coated solar control and insulating glass products. The company operates a state-of-the-art magnetron coater with 72 sputtering positions and 5.5 million SQM annual production capacity. The product portfolio centers on spectrally selective, energy-efficient glass coatings organized into three main product lines: Stopray (Ace-30T, Titanium-34T, Smart, Vision) for premium solar control with double silver technology; Sunlux (Chroma, DarkChroma, Shadow, Orion) for architectural applications; and Energy/iplus (Energy Light, Energy 72/38T, iplus Solid, iplus AS) for thermal insulation performance. The company provides Technical Advisory Services (TAS) supporting pre-processing, toughening, and heat-strengthening operations, along with consulting services for International Building Projects (IBP) and Interior Design Consulting (IDC).

Differentiator

Problem solved

Functional benefit

Brands

  • Sunlux Chroma: Product line for architectural glass applications
  • Sunlux DarkChroma
  • Sunlux Shadow
  • Sunlux Orion
  • iplus Solid
  • iplus AS
  • Energy Light
  • Energy 72/38T
  • Stopray Smart
  • Stopray Vision
  • Stopray Ace-30T
  • Stopray Titanium-34T

Products and services

  • Stopray Ace-30T
  • Stopray Titanium-34T
  • Stopray Smart
  • Stopray Vision
  • Sunlux Chroma
  • Sunlux DarkChroma
  • Sunlux Shadow
  • Sunlux Orion
  • iplus Solid
  • iplus AS
  • Energy Light
  • Energy 72/38T

Quantifiable outcome

  • 5.5 million sqm production capacity per year
  • +2 more outcomes

Companies that use AGC Obeikan Glass

Customer profile

Named customers12 records

Segments4 records

Ideal customer profiles4 records

AGC Obeikan Glass technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

AGC Obeikan Glass partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • AGC Glass EuropecoreStrategic or Co-development Partner · 1 January 2015AGC Glass Europe is the parent company and joint venture partner. The joint venture AGC Obeikan Glass was established in 2015, combining AGC's European glass coating technology with local manufacturing in Saudi Arabia. AGC provides magnetron coating technology and product expertise while the joint venture handles regional manufacturing and sales.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

AGC Obeikan Glass competitors and assessment

Company assessment

Direct peers

  • Şişe Cam (Sisecam): Sisecam is one of the world's largest flat glass producers with architectural coated-glass products and a strong manufacturing footprint in Turkey and Europe. It is a direct regional competitor with significant presence in MENA construction projects.
  • Pilkington (NSG Group): Pilkington (NSG Group) manufactures coated architectural glass including the Suncool solar control range via magnetron sputtering technology. It is a direct competitor in the same high-performance coated flat glass category.
  • Guardian Glass: Guardian Glass produces the SunGuard solar control and low-E coated glass family from a global manufacturing footprint. It directly competes with AGC Obeikan's Stopray and iplus lines in Middle East commercial and high-rise residential projects.
  • Saint-Gobain Glass: Saint-Gobain Glass is a global manufacturer of flat and coated architectural glass (e.g., Cool-Lite, SGG) producing magnetron-coated solar control and low-E products for façades. It directly competes with AGC Obeikan Glass in regional MENA project specifications and has comparable sustainability certification portfolios.
  • Emirates Glass (Dubai Investments): Emirates Glass is a UAE-based architectural coated glass manufacturer producing solar control and low-E products for regional façades. It directly competes with AGC Obeikan on local Dubai and GCC project specifications.
  • Cardinal Glass Industries: Cardinal Glass is one of the largest US-based architectural glass manufacturers producing LoE and Neat coatings through magnetron sputtering. It is comparable in coated-glass technology and serves overlapping façade/architect segments.

Broad incumbents

  • AGC Glass Europe: AGC Glass Europe is AGC Obeikan's parent/JV partner and one of Europe's largest architectural coated glass producers (e.g., Stopray, Sunlux, Energy branded products). It is comparable as both technology source and broader European-market incumbent competitor.
  • Vitro Architectural Glass: Vitro Architectural Glass produces Solarban and other magnetron-coated solar control low-E glasses for commercial buildings. It is a broader incumbent serving similar architect and façade-maker customers, though primarily North America-focused.
  • Central Glass Co. Central Glass is a Japanese specialty glass manufacturer producing flat, coated, and architectural glass. It is comparable as an established flat/coated glass incumbent with overlapping building-products technology.

Regional players

  • Saudi American Glass: Saudi American Glass is a Saudi Arabia-based architectural glass processor and supplier of insulated, tempered, and coated glass products. It is a regional player serving similar Saudi construction customers, though more focused on processed glass than primary coated-glass manufacturing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

AGC Obeikan Glass social profiles

Digital presence

AGC Obeikan Glass compliance and trust

Trust signal

Compliance6 records

AGC Obeikan Glass financial estimates

Financial estimate

Revenue estimate

Valuation estimate

AGC Obeikan Glass leadership team

Management profile

Number of profiles

AGC Obeikan Glass funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

AGC Obeikan Glass M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about AGC Obeikan Glass

What does AGC Obeikan Glass do?

AGC Obeikan Glass manufactures high-performance, spectrally selective, energy-efficient coated architectural glass products using a state-of-the-art magnetron coater with 72 sputtering positions. The company produces solar control glass (Stopray, Sunlux) and low-emissivity insulating glass (iplus, Energy) lines for building facades, windows, roofs, and interior applications, selling to architects, façade makers, processors, and construction firms across the Middle East and international markets.

Is AGC Obeikan Glass a public or private company?

AGC Obeikan Glass is a private company. It is classified as corporate owned and is currently operating.

When was AGC Obeikan Glass founded?

AGC Obeikan Glass was founded in 2015. It employs 101 to 250 people.

Where is AGC Obeikan Glass based?

AGC Obeikan Glass is headquartered in Louvain-la-neuve, Belgium, in the Europe region.

How does AGC Obeikan Glass make money?

One revenue line is on record: coated Glass Product Sales.

Who are AGC Obeikan Glass's main competitors?

Direct peers on record are Şişe Cam (Sisecam), Pilkington (NSG Group), Guardian Glass, Saint-Gobain Glass, Emirates Glass (Dubai Investments) and Cardinal Glass Industries. Broad incumbents are AGC Glass Europe, Vitro Architectural Glass and Central Glass Co.. Saudi American Glass is listed as a regional player.

Does AGC Obeikan Glass have an API?

No public API is recorded for AGC Obeikan Glass.

What industry is AGC Obeikan Glass in?

AGC Obeikan Glass's product category is Architectural Glass Manufacturing. Its primary akta.pro industry code is IMADAHAF, Low‑E, Solar Control & Energy-Efficient Coated Glass, with a secondary code of IMADAHAA, Flat Glass (Float/Sheet/Plate) Manufacturing. Its NAICS code is 327211 and its SIC code is 3231.

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Live signals
SahmcapitalObeikan Glass Reports SAR 25.92M Net Profit in the Six Months 2026Obeikan Glass Co. announced interim financial results for the six months ended June 30, 2026, reporting a net profit of SAR 25.92 million, representing a 37.532% year-over-year increase from SAR 18.845 million. Revenue grew 12.801% to SAR 196.459 million, driven primarily by the consolidation of Obeikan AGC Glass Company's revenues and SAR 24.84 million in income from settlement of obligations following a proportional waiver mechanism amendment. Quarter-on-quarter net profit surged 929.773% to SAR 23.623 million, though this was partially offset by an operating loss and higher finance costs.ZawyaSaudi’s Obeikan Glass takes over Obeikan AGC for $6.1mlnSaudi Arabia-listed Obeikan Glass Company has fully acquired Obeikan AGC Company for SAR 22.89 million ($6.1 million), gaining complete strategic and operational control over the coated glass manufacturing business. The company previously held only a 19% minority stake in Obeikan AGC and has now purchased the remaining 81% shareholding from three partners: AGC France Holding (50%), Obeikan Investment Group (18.6%), and Saudi Advanced Industries Company (12.4%). The sale and purchase agreement for the takeover was announced in September 2025.ArgaamObeikan Glass finalizes full acquisition of Obeikan AGCObeikan Glass Co. completed its acquisition of all partners' shares in Obeikan AGC Co., becoming the sole owner of the joint venture after fulfilling contractual conditions and obtaining regulatory approvals in Saudi Arabia. The deal, valued at SAR 22.9 million, grants Obeikan Glass full ownership of the entity, in which it previously held a 19% stake.