| Maritime Industrial Services Co. Ltd. Inc. | |
| Type: | Public limited company |
| Foundation: | 1979 |
| Location: | Dubai, United Arab Emirates |
| Area Served: | Worldwide |
| Key People: | Mazen Shaat (CEO) Kamal Zaki ALLaithi(CFO) |
| Revenue: | FY 2010 US $385.4 million [1] |
| Net Income: | FY 2010 US $35.7 million [2] |
| Num Employees: | +4,500 |
| Homepage: | Official website |
Maritime Industrial Services Co. Ltd. Inc. is a Saudi Arabian engineering and contracting group providing a broad range of products and services to the energy sector. It is a subsidiary of Lamprell PLC.
MIS' business scope covers EPC, Fabrication, New Build, Rig Refurb, Tech Services (Operations & Maintenance) and Safety Services.
MIS' operational scope of work covers engineering, procurement, fabrication, construction, safety, operating and maintenance services to the oil, gas, petrochemical, energy, power generation and marine industries.
1979: Foundation of MIS
1985: Relocation from Dubai to Sharjah yard and start of pressure vessel manufacture
1985: Acquisition of Sunbelt Safety division
1990: EPC start up
2001: MIS Arabia joint venture
2006: First New Build contract signed
2007: MIS listing on the Oslo Børs stock exchange
2008: Acquisition of Rig Metals (onshore rig components)
2009: Delivery of the first rig in the Middle East and the launch of EPI
2010: Start-up of Production Services, the acquisition of Litwin PEL, and MOU with Kavin Engineering
2012: Acquisition by Lamprell PLC
MIS' business is based around six main value streams (business activities) but since 2008 has gained 4 more as acquisitions and start-ups.[3]
The company's operations span several markets: Sharjah UAE where the company has 200,000 m2 quayside facilities in Port Khalid; Kuwait, Qatar and Saudi Arabia under the name MIS Arabia (a joint venture). MIS' geographical footprint also covers Egypt, Kazakhstan and Iraq.