National Environmental Recycling Co. Stock Analysis 9540.SR

National Environmental Recycling Co. engages in the recycling of electronic products. The company is headquartered in Riyadh, Riyadh. The company went IPO on 2022-05-26. The Company’s activities include specialized destruction service, Information Technology Asset Disposition Service (ITAD), Metal trading, etc. The firm obtains devices and materials that contain metals through multiple sources, through direct contracting with government or private agencies, receiving from individuals, and by purchasing from auctions. Then it converts it through recycling operations into raw metals that are sold to potential buyers in the local and international markets, according to the prices traded in the metal exchange. Tadweeer has recycled approximately 100,000 tons of electronic and electrical waste over five years and it has production capacity of approximately 15,000 tons per year.