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“Elm” invests in “Madar”, affiliate of Obeikan Investment Group, and affirms growth plans to support entrepreneurial projects

“Elm” invests in “Madar”, affiliate of Obeikan Investment Group, and affirms growth plans to support entrepreneurial projects

(Riyadh – February 2021)

Elm, a pioneering company in digital solutions, has invested a stake in “Madar” entrepreneurial company, an affiliate of Obeikan Investment Group, which provides an innovative digital platform for managing logistics business, as part of its plan to support the entrepreneurial environment in the Kingdom.

Elm CEO, Dr. Abdul-Rahman bin Saad Al-Jadhi, said this move shows the company’s continuous pursuit of growth through alliances and acquisitions of entrepreneurial and creative companies, wholly or partially, and forming strategic relationships with them. The move also aims to achieve financial returns in line with the strategy of “Elm”, which seeks to contribute to building a local entrepreneurial ecosystem.

Dr. Al-Jadhi added that the company’s contribution will be through sharing capital and providing support for technical and practical expertise to ensure business sustainability in these pioneering projects. He pointed out that these investments, which the company is working on, contribute to creating a promising investment environment to support entrepreneurs in various technical fields and secure exit opportunities for founders in entrepreneurial companies.

Eng. Abdullah Al-Obeikan, CEO of Obeikan Investment Group, said: “In line with our group policy as a pioneering institution in digital transformation, which promotes industry and advances digital transformation in the Kingdom, we have developed the innovative digital platform “Madar”. It will be an integrated solution for managing supply chains, linking local companies and freight forwarders, which enables a comprehensive control in all stages of overall logistics services operations. This is achieved through the integration between automated vehicle tracking services, resource planning, and advanced systems features. The app allows tracking of shipments and electronic proof of delivery efficiently and safely, thus providing a complete control of performance, allowing monitoring and changing of quality standards, controlling costs, and developing companies’ operations.

“Madar” company provides many distinctive significant services. These include managing shipments and logistics processes for customers, by controlling scheduling and tracking of shipments through notifications in all stages of the transport process. Besides, the platform allows for selection among several shipping service providers, which enables managing the shipping process smoothly and accurately at the lowest possible cost. The company serves many major companies in the Kingdom, including Obeikan Investment Group that owns Madar as well as Saudi Aramco, and United Sugar Company.

Obeikan Investment Group, the largest Company operating in the manufacturing field, is a pioneering company in the field of digital transformation in the Kingdom and the Middle East. The Company develops software and digital applications in all industrial and commercial fields. It has developed and implemented many integrated digital solutions to manage manufacturing processes, supply chains, account management, and human resources. It utilizes the latest smart solutions available globally and best-in-class robotic systems.

It is noteworthy that “Elm” aims to contribute to accelerating economic growth through digitization processes. It is also working to present a road map and a clear plan that adopts necessary investment and cooperation as an approach to diversify the economy. This will create future opportunities to promote the development of small and medium enterprises and open new economic possibilities for a sustainable economy in the long term.

Obeikan Investment Group achieves three prizes in the King Abdulaziz Quality Award “KAQA” for the second time

Obeikan Investment Group achieves three prizes in the King Abdulaziz Quality Award “KAQA” for the second time

In an unprecedented success, Obeikan Investment Group “OIG” was crowned through three of its companies, winning the most prestigious quality award in the kingdom “King Abdulaziz Quality Award – KAQA” in its fifth round and for the second year in a row, and by this achievement, OIG now has six of its companies awarded the “KAQA”.

OIG was keen to continue its successful journey this year by winning the “KAQA” in three different categories, starting with “Obeikan Glass Company” – winner of the silver award in the category of large production enterprises, “Obeikan Commercial Printing” – winner of the bronze award in the category of medium production enterprises, and finally “Obeikan Graphic Center” – winner of the bronze award in the category of small production enterprises.

And preceded them in the fourth round of “KAQA”, “Obeikan SIG Combibloc” – winner of the golden award in the category of large production enterprises, “Obeikan Rigid Plastic” – winner of the silver award in the category of medium production enterprises, and “Obeikan Folding Cartoons” – winner of the bronze award in the category of medium production enterprises.

“Obeikan Investment Group is proud to attain this huge success, thanks to our people” Said The Chief Executive Officer of the group Eng. Abdullah Obeikan. And added; “We have been and will always keep striving for excellence and prosperity in OIG for our partners, customers, and the Kingdom of Saudi Arabia”.

OIG takes its relationship with SIG to another level by reshaping from “regional to global”

OIG takes its relationship with SIG to another level by reshaping from “regional to global”

As part of its global expansion plans, and a strategy of diversification and scalability, Obeikan Investment Group “OIG” reached an agreement with its partner SIG Combibloc Group AG (SIG), for SIG to acquire full ownership of SIG Combibloc Obeikan Group (CBOB) after a remarkable joint venture partnership over the last nineteen years.

According to the agreement, Abdallah Obeikan, CEO – OIG, will be nominated for election to the board of directors of SIG, representing the Obeikan Family, also OIG will hold around 5% of the total shares in SIG, CEO – OIG, which makes Obeikan Investment Group the largest single shareholder within SIG globally. It is expected that this strategic move will help in rejuvenating Obeikan’s core packaging business, enabling Obeikan to continue as a key player in delivering integrated packaging solutions to MEA region, and with this global reach, accelerate the growing focus on digital business solutions. 

It is worth mentioning that SIG is one of the largest systems and solutions provider for aseptic packaging in the world. The company offers packaging solutions for food and beverages companies, as well as provides spare parts, maintenance, training, digital, and other related services globally.