National Environmental Recycling Company Stock

National Environmental Recycling Co (Tadweeer) is Saudi Arabia-based company which is primarily engaged in collecting, sorting and recycling of electrical, electronic and metal waste. The Company’s activities include specialized destruction service, Information Technology Asset Disposition Service (ITAD), Metal trading, etc. The Company 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.