About SMI
SMI is a company based in Riyadh (Saudi Arabia) founded in 1982 was acquired by APICORP in March 2015. It operates as a Direct-to-Consumer (D2C), and Reseller / Distribution. SMI offers products and services including Pumps, Valves, and Round Steel Bar.
- Headquarter Riyadh, Saudi Arabia
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Sectors
Industrial Goods & Manufacturing
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Phone
*********
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Website
*********
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Social
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- Legal Name Saudi Mechanical Industries Co.
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Products & Services of SMI
SMI offers a comprehensive portfolio of products and services, including Pumps, Valves, and Round Steel Bar. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Various pumps are manufactured for industrial applications.
Different valves are produced for industrial use.
Steel bars are provided for manufacturing purposes.
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Leadership Team
3 people
Software Development Team
1 people
Head Team
1 people
Finance and Accounting
1 people
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Funding Insights of SMI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SMI
SMI has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include APICORP and Jadwa. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Corporate financial advisory firm
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Founded Year | Domain | Location | |
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Investment management services are provided by APICORP to regional clients.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SMI
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - SMI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Smi Comparisons
Competitors of SMI
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about SMI
When was SMI founded?
SMI was founded in 1982.
Where is SMI located?
SMI is headquartered in Riyadh, Saudi Arabia.
Who is the current CEO of SMI?
Tameem Al Shebel is the current CEO of SMI.
What does SMI do?
Saudi Mechanical Industries Co. (SMI) is established as a key manufacturer of engineered products and solutions, focusing on pumps, valves, and round steel bars. Operations are conducted in sectors such as industrial manufacturing and defense, with spare parts and components supplied for military vehicles and equipment since 2008. Capabilities include design, research, development, and reverse engineering, supported by in-house facilities for porcelain enameling and foundries for ferrous and non-ferrous casting. Local, regional, and international markets are served with a commitment to quality assurance and control policies. Partnerships are maintained with technical collaborators to ensure trusted solutions are provided to clients.
What products or services does SMI offer?
SMI offers Pumps, Valves, and Round Steel Bar.
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