Dubai, UAE
www.rarholding.com
PRIVATE COMPANY; YEAR ESTABLISHED: 1970
REVENUE: $309.5 million
MARKETS SERVED:
Wood coatings; Industrial and Construction coatings; Decorative coatings; Powder coatings; Automotive OEM coatings; Coil coatings
KEY EXECUTIVES:
Rabih Reaidy, chairman; Anthony Reaidy, head of strategic planning; Wissam Kassis, GM; Fay Bensba, CLO; Desiree Abdou, marketing director; Dr. Maarouf Ali, Eliane Germanos, Mr. Amir, technical directors.
Headquartered in Dubai, UAE, Ritver Paints & Coatings (RAR Holding) is a major Middle East coatings manufacturer. In addition to UAE, RAR has production sites in Saudi Arabia (KSA), Italy, Lebanon and Nigeria. The company has 819 employees.
Wood coatings account for 37% of Ritver Paints’s sales, with architectural/decorative paints 21% and powder coatings 12%. Automotive OEM and coil coatings each make up 9% of Ritver Paint’s sales. Among RAR Holding’s paint brands are Ritver Paints, Silva Vernici Paints, Vernici Egidio Milesi and Citver Vernici and Evi Vernici.
Ritver Paints recently acquired automated machines from Italy to grow production capacity as well as extended new production lines and offices to Qatar. In addition, Ritver launched car paint production in UAE, powder coating production in UAE and KSA, decorative paints in KSA, and wood coatings production in KSA. In addition, the Egidio Milesi brand has added warehouses and expanded its sales in Oman and the UAE.
