Arabian Roots group intends to expand its business in the region due to the increasing growth in the construction and contracting industry in the Kingdom. The group decided to adopt a capital increase by 16 percent from the existing amount of SR430 million ($114 million) to SR500 million ($133.3 million). Over the past year 2010 the group has registered more than 175,000 sales, while total sales in the same year reached SR2.2 billion ($560 million) with net profit of SR229 million ($61 million). Engineer Sameer Al Shubaily, group vice president, said the capital increase comes to strengthen the group's strategy in support of various sectors, in response to the rates of demand and projects currently on the table. He also indicated that the group seeks to invest its expertise in building and construction to support its projects and increase its chances of geographical expansion and the opening of new markets in the Middle East and North Africa. He added that the group is moving forward in implementing a strategy of rapid growth, where the annual increase of capital is in line with its orientations and readings of the need of markets in the region to develop, clarifying that the group plans to build and expand the manufacturing base of specialized products and industrial consumer materials through new projects, strategic partnerships, and acquisition of other companies in the future. Arabia Roots group is mainly operating in Saudi Arabia, UAE, Qatar, Egypt, Syria, Lebanon, China, Malaysia and US. In order to offer its products and services, the group depends on more than 26 warehouses, the main ones in in Jeddah, Riyadh, Dammam and Madina, and the rest in Dubai, Abu Dhabi, Cairo, Beirut, Damascus, and Kuala Lumpur, and four production facilities, all in Saudi Arabia.
