Tahweel Holding

What Tahweel Holding does

Tahweel Holding (legal name: Saudi Holding Company For Conversion Industries) is a privately held Saudi Arabian industrial investment and operational development company headquartered in Dhahran. It operates as a holding entity for eight subsidiaries that convert raw materials (polymers, aluminum, fibers, electrical steel) into finished and semi-finished industrial products. The portfolio spans flexible packaging films (Gulfpack/GPIC for BOPP and CPP films, Triomada for cast PE films), technical fabrics and yarn (Mattex for carpet backing, artificial grass, and geosynthetics), spunmelt and spunbond nonwovens (MNW for hygiene, medical, and industrial applications), aluminum foil and sheet (Tahweel Metal Industries, the first integrated aluminum foil producer in MENA), and heavy electrical equipment (Electroputere, manufacturing power transformers up to 440 MVA and specialty motors). In 2026, Tahweel acquired Al-Rowad Industrial Transformation Company from Tasnee for SAR 700 million ($186.4 million), adding multiple specialized plastic conversion subsidiaries serving packaging, agriculture, infrastructure, and industrial sectors.

The business model is direct B2B industrial sales through contract-based, multi-year commercial engagements with enterprise and mid-market converters, packaging manufacturers, hygiene producers, utilities, and OEMs. Products are priced per specification and volume; no public price list exists. Tahweel operates seven production sites with 350,000 MT of total material solutions capacity, employs 2,200+ people, and exports to more than 40 countries across six continents, with stated top-10 global BOPP market position via GPIC and 4th-largest PE film position in MENA via Triomada. Customers span at least 15 industries including packaging, infrastructure, hygiene, medical, pharmaceuticals, power, renewables, machinery, chemicals, and transport. Revenue is not publicly disclosed.

Name

Tahweel Holding

Legal name

Saudi Holding Company For Conversion Industries (Tahweel)

Website

https://tahweelholding.com.sa

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Tahweel Holding is a Saudi industrial investment company that owns and operates eight manufacturing subsidiaries converting polymers, aluminum, fibers, and electrical steel into films, nonwovens, fabrics, foil, and power transformers for B2B customers across 40+ countries.

Ownership category

akta.pro rank

Headquarters

HQ city

Al Khobar

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Industrial Product Sales: Sale of manufactured industrial products including BOPP/CPP films, technical fabrics, nonwoven fabrics, PE films, aluminum foil, power transformers, and industrial motors to industrial customers, converters, and manufacturers across domestic and export markets.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Tahweel Holding is a Saudi Arabian industrial investment and operational development company that manufactures and sells industrial conversion products through six subsidiary brands. Its offerings span BOPP and CPP films, cast PE films, technical fabrics and yarn, spunmelt and spunbond nonwovens, aluminum foil and sheet, and heavy-duty power transformers and specialty motors for industrial converters, manufacturers, and end-users across packaging, infrastructure, hygiene, medical, food, pharmaceutical, and power sectors.

Product overview

Tahweel Holding is an industrial investment and operational development company operating a portfolio of six distinct subsidiary brands across the industrial value chain. The company structure follows a platform-plus-subsidiaries model, where Tahweel Holding (Saudi Holding Company for Conversion Industries) serves as the parent entity managing acquired and established industrial manufacturing companies. The portfolio includes Gulfpack (BOPP films), Mattex (technical fabrics), Triomada (PE films), MNW (nonwovens), Tahweel Metal Industries (aluminum foil), and Electroputere (power transformers). These subsidiaries serve diverse sectors including packaging, agriculture, infrastructure, industrial, hygiene, medical, food/pharma, and power/energy, with exports to 40+ countries across six continents. The company recently expanded through the acquisition of Al-Rowad Industrial Transformation Company, adding plastic conversion capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• Gulf Plastics Industrial Company (GPIC): BOPP & CPP High Barrier Metalized and Specialized Films; First GCC BOPP film producer, top 10 global BOPP producer, exports to 40+ countries
• Mattex
• Triomada
• MNW (Modern Nonwovens)
• Tahweel Metal Industries (TMI)
• Electroputere (EP)
• Al-Rowad Global Packaging Company Ltd.
• Taldeen Plastic Solutions
• Al-Rowad National Plastic Company Ltd.

Products and services

• Gulfpack (GPIC) BOPP and CPP Films Flexible packaging manufacturer producing BOPP and CPP films including high-barrier metallized and specialized films for industrial and consumer packaging converters. Established in 1989 as the first GCC BOPP film producer, now the leading PP film producer in the Middle East and Africa region with exports to 40+ countries.
• Mattex Technical Fabrics and Yarn Technical fabrics and yarn producer for carpet backing, artificial grass, and geo-textiles. Established in 1996, Mattex has become a global brand recognized for quality and innovative products.
• Triomada Cast PE Films Industrial packaging producer of cast PE films with focus on industrial stretch films. Established in 2006, Triomada is the regional 4th largest producer of PE films, exporting to the Middle East, Africa, and Europe.
• MNW Spunmelt and Spunbond Nonwovens Spunmelt and spunbond nonwovens producer for hygiene, medical, and industrial sectors. Established in 2005, MNW serves customers globally in Europe, Africa, Asia, and the USA.
• Tahweel Metal Industries (TMI) Aluminum Foil and Sheet First integrated aluminum foil producer in the MENA region for food and pharmaceutical contact foil, specialty industrial foils and fins. Established in 2022.
• Electroputere Power Transformers and Specialty Motors Industrial electrical motors, converters, and heavy-duty power transformers (up to 440 MVA). Originally established in 1949 in Romania, now serves customers in Europe, Africa, and the Middle East.

Quantifiable outcome

• 350,000 MT annual material solutions capacity
• +2 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Tasneeflagship / coreStrategic or Co-development Partner · 1 March 2026Tahweel Holding entered into a Share Purchase Agreement on March 1, 2026, to acquire 100% of Al-Rowad Industrial Transformation Company from Tasnee for SAR 700 million ($186.4 million). The transaction, approved by the General Authority for Competition (GAC) on July 14, 2026, allows Tahweel to expand its downstream plastics and conversion operations. Al-Rowad comprises multiple specialized plastic conversion companies serving packaging, agriculture, infrastructure, and industrial sectors. Tasnee is divesting its plastic conversion business to focus on upstream petrochemical operations.

Scale indicators11 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Berry Global Group: US-headquartered global manufacturer of plastic films and nonwoven materials, comparable to multiple Tahweel subsidiaries (GPIC for films, MNW for nonwovens). Operates at greater scale across a broader product portfolio with similar end-market exposure.
• Hindalco Industries (Novelis): Indian-headquartered global aluminum major (parent of Novelis), comparable to Tahweel Metal Industries' aluminum foil business. Both produce aluminum foil and sheet for food packaging, pharmaceutical, and industrial applications.
• ABB: Swiss-Swedish global leader in electrification and power equipment, comparable to Electroputere's power transformer and industrial motor business. Both serve utilities, industrial customers, and infrastructure projects with high-voltage transformers and motor solutions.
• Saudi Basic Industries Corporation (SABIC): Saudi-headquartered global petrochemicals and diversified chemicals giant, comparable to Tahweel as a major Saudi industrial platform. While SABIC operates more upstream, both anchor Saudi industrial conversion and serve overlapping downstream customers in MENA.
• Freudenberg: German global manufacturer of nonwoven fabrics, technical textiles, and sealing technologies, directly comparable to MNW (nonwovens) and Mattex (technical fabrics). Both serve hygiene, medical, industrial, and infrastructure end-markets globally.

Regional players

• National Industrialization Company (Tasnee): Saudi petrochemicals and plastics company, comparable to Tahweel as a regional industrial peer. Tasnee divested Al-Rowad to Tahweel in 2026, indicating direct overlap in petrochemical conversion and plastic product manufacturing across Saudi Arabia.
• Polinas: Turkish BOPP film producer with regional presence in Europe, MENA, and Africa, comparable to GPIC's regional reach. Both serve similar packaging and industrial film customers with overlapping product offerings in the MENA region.

Direct peers

• Uflex Limited: Indian multinational flexible packaging and BOPP/CPP film producer, directly comparable to GPIC and Triomada. Operates a similar value chain in films and packaging, serving global FMCG and industrial customers with overlapping product lines.
• Taghleef Industries: UAE-headquartered global BOPP and CPP film producer, directly comparable to GPIC's product portfolio. Both serve packaging, labeling, and industrial film markets globally with similar end-customers in food packaging, consumer goods, and industrial applications.
• Cosmo Films: Indian BOPP and CPP film manufacturer with global footprint, directly comparable to GPIC's product portfolio. Both compete in specialty films, labels, and packaging applications across multiple geographies with similar specialty film offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tahweel-holding

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries8 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Tahweel Holding