NBK Capital Partners Shari’ah Credit Opportunities Fund
Established in 1994, Ultra is the first Saudi nonwoven fabric manufacturer and a leading nonwovens producer in the Middle East. Ultra produces nonwoven fabrics for hygiene applications, namely baby diapers, which its sells to consumer goods corporations (converters). The Company’s head office is in Jeddah, while its production facility is in Yanbu Industrial City on a 34k sqm plot of leased land. Ultra’s current production line has a total capacity of 12.5k MT p.a. and has been running at near full capacity (87%) over the last four years.