Al Muhaidib Technical Supplies (MTS) has acquired an 85 per cent controlling stake in Saudi Bea Fasteners Manufactur-ing from the Shoaibi Group, allowing it to diversify into studbolt manufacturing within the GCC market.

Saudi Bea, a joint venture between Italy-based Bea and MTS, serves the petrochemical and energy industries and is an approved supplier for Saudi Aramco.
MTS, a subsidiary of the AK Al-Muhaidib & Sons Group of Companies, is a leading Saudi-based supplier of fasteners and fixing materials for a variety of industries, including building construction, energy, oil and gas, and telecommunications. Established in 1975, the company serves customers in the GCC region through its branches in Saudi Arabia and Dubai, a wide distribution network, and 37,500 sq m of warehouse space in Riyadh, Dammam, and Jeddah. MTS has more than 300 employees.
“The synergy between the companies’ products and served markets will help MTS focus on the oil and gas industry in the coming year. Saudi Bea’s manufacturing plant in Dammam allows a faster distribution of products, while local manufacturing supports a higher degree of customisation. MTS’s focus on quality and competitive pricing will be supported by the increased breadth of its product lines through Saudi Bea’s production,” says managing director Dr Jamal Al Mudaiheem.
“We see great potential for our business in the coming years due to the rapidly expanding building construction markets of the region, where an increasing larger number of projects are expected to be launched in the coming years,” he adds.