Al Rashid Industrial Company (A Closed Saudi Joint Stock Company) (Saudi Arabia)

The main activity of the Company is the production of many plastic products through drawing, injection, thermoforming and blowing techniques. All of these lines serve multiple commercial sectors, including food and household appliances packaging, dates packaging, sweets and pastries, as well as single-use food boxes.
The Company was established as a sole proprietorship on 1389-02-14 AH (corresponding to 01/05/1969 AD) under the name “Abdulaziz Muhammad Al-Rashid Al-Hamid Foundation”, commercial registration number: (1010004905),
It imported household and electrical appliances, and in 1985 AD, a factory was established for the manufacture of handmade boxes in the center of the city. The city of Riyadh, and in 1989 AD, the first factory for the plastics industry was established with industrial license No. (142) and the date 03/17/1410 AH (corresponding to 10/18/1989 AD) in the Second Industrial City in Riyadh, with an area of (8,399 m2), and on 01/04/1426 AH (corresponding to 02/13/2005 AD) The institution was converted into a limited liability company pursuant to a contract Establishment under the name “Al-Rashed Box and Plastic Factory Company” with a capital of four million (4,000,000) riyals.
On 05/22/1432 AH (corresponding to 04/26/2011 AD) , the capital was adjusted from four million (4,000,000) riyals Saudi to six million two hundred thousand (6,200,000) Saudi riyals, an increase of two million two hundred thousand (2,200,000) Saudi riyals, divided into six hundred and twenty thousand (620,000) shares of equal value. The value of each share is ten (10) riyals. Saudi Arabia, and was paid from the partners' current account. On 04/05/1439 AH (corresponding to 01/21/2018 AD), the partners decided Unanimously approved to convert the company from a limited liability company to a closed joint stock company and increase its capital from Six million two hundred thousand (6,200,000) Saudi riyals to fifty million (50,000,000) Saudi riyals divided into five Millions (5,000,000) nominal shares of equal value.
The increase amounting to forty-three million eight hundred thousand (43,800,000) Saudi riyals was fulfilled by transferring According to the auditor's certificate issued on 03/12/1439 AH (corresponding to 11/20/2017 AD),
From the partners current account according to The company was registered in the Register of Joint Stock Companies pursuant to Ministerial Resolution No. (Q226/) dated 09/07/1439 AH (corresponding to
03/26/2018 AD), and Ministerial Resolution No. (Q249/) dated 10/17/1439 AH (corresponding to 07/01/2018 AD) and pursuant to the register Commercial No. (1010004905), dated 1389-02-14 AH (corresponding to 05/01/1969 AD), issued in the city of Riyadh. 10/13/1442 AH (corresponding to 05/25/2021 AD) The Extraordinary General Assembly approved changing the company's name “Factory Company” Al-Rashed Cans and Plastics” to become “Al-Rashed Industrial Company”. On 06/11/1442 AH (corresponding to 06/16/2021 AD), The Extraordinary General Assembly approved an increase in the company's capital from fifty million (50,000,000) Saudi riyals to
Eighty million (80,000,000) Saudi riyals, divided into eight million (8,000,000) fully paid ordinary shares.
The Company s vision is to Providing products of high quality and variety at competitive prices using the latest technologies to meet the needs and desires of each customer in a sustainable and environmentally responsible manner.
The Company s message is to strive to grow in a sustainable and responsible manner in order to achieve high levels of customer satisfaction. it will be guided by flexible organizational principles and strive To keep pace with technological and creative developments.it seeks to attract and retain talent, create a stimulating and attractive work environment that encourages creativity and innovation, and be a preferred employer to work in.
The Company s strategy is strengthening the relationship with existing customers and opening new areas to gain new customers, Increasing the number of the company's clients for government tender sales, in addition to opening new horizons for cooperation with B2B sales.Developing and training promising talents through specific training programs.
The Company is listed on the saudi exchange since September 12, 2023.