Our Business
The Saudi Industrial Investment Group is proud to be one of the first privately owned petrochemical companies in Saudi Arabia. Its main goal is to invest in the petrochemical industry for a better future for the company and its shareholders. This is done by taking advantage of strategic partnerships with leading companies in this field, by making optimal use of the Kingdom’s natural resources, and by exploiting the competitive advantage available to the company.
The Saudi Industrial Investment Group Company was established under Resolution No. 291 of the Ministry of Commerce and Industry, dated 29 Jumada II 1416 AH (corresponding to November 23, 1995 AD). It is a Saudi public joint stock company headquartered in Riyadh, Kingdom of Saudi Arabia, with commercial registration No. 1010139946, dated 10 Shaban 1416 AH (corresponding to January 1). 1996 AD, with a capital upon its establishment of (550,000,000) Saudi riyals, divided into (55,000,000) ordinary shares with a nominal value of (10) Saudi riyals per share. The company’s capital has grown through capitalization of profits, priority rights subscriptions, and finally, after the group acquired the National Petrochemical Company (Petrochem), where the company’s capital has now become (754.8) million riyals after the General Assembly of both companies approved the acquisition on April 10—2022 AD.
Latest News
Saudi Industrial Investment Group announces the latest update relating to the unplanned shutdown of one of its subsidiaries (Saudi Polymers Company)
Element List Explanation Introduction Reference to Saudi Industrial Investment Group announcement relating to the unplanned shutdown of one of its subsidiaries (Saudi Polymers Company). The company announces the restart of all project units, after all required inspections to confirm equipment integrity. Previous Announcement Saudi Industrial Investment Group announced an unplanned shutdown of one of its […]
SIIG announces an unplanned shutdown for one of its subsidiaries (Saudi Polymers Company)
Element List Explanation Announcement Detail Saudi Industrial Investment Group announces an unplanned shutdown for one of its subsidiaries (Saudi Polymers Company) due to a temporary power outage from outside the industrial complex, which caused all project units to shut down. Noting that all other projects in the complex were not affected and are operating normally. […]
Saudi Industrial Investment Group announces its Interim Financial results for the Period Ending on 2024-06-30 ( Six Months )
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change Sales/Revenue – – – – – Gross Profit (Loss) – – – – – Operational Profit (Loss) 62 119 -47.899 35 77.142 Net Profit (Loss) 64 120 -46.666 28 128.571 Total Comprehensive Income 64 120 -46.666 28 128.571 All figures are […]