The Saudi Industrial Investment Group Company was established in 1416 (corresponding to 1995) with a capital of (550) million Saudi riyals upon its establishment. It is a Saudi public joint stock company headquartered in Riyadh in the Kingdom of Saudi Arabia. The company’s capital has grown to 754.8) million riyals through the construction of new projects and, finally, the group’s acquisition of the National Petrochemical Company (Petrochem) on April 10, 2022.
The Saudi Industrial Investment Group Company owns the following companies:
- National Petrochemical Company (Petrochem) 100%
- Chevron Phillips Saudi Arabia (Saudi Arabia) 50%
- Jubail Chevron Phillips Company (Saudi Arabia), 50%
- Saudi Polymers Company (Saudi Arabia), 65%
- Gulf Polymers Distribution Company (UAE) 65%
- Aromatics Distribution Company (UAE) 50%
The shares of the Saudi Industrial Investment Group were listed on the Saudi Stock Exchange (Tadawul) in 2004. The company is considered one of the leading companies in developing the industrial base in the Kingdom, especially the petrochemical industries, to provide the opportunity for the private sector to enter into industries. The Saudi Group has also established a robust and cohesive base represented by its strategic alliance with a partner with competitive experience in the field of the petrochemical industry, thus enhancing its technical and investment capabilities in this field, as the Chevron Phillips Arabian Chemical Company is considered a strategic ally with the Saudi Investment Group. Industrial. The beginning was between the Saudi Industrial Investment Group and the Chevron Phillips Arabian Chemical Company, as the Saudi Chevron Phillips Company is a limited liability company in Jubail Industrial City. The company began production in 2000 by producing gasoline, cyclohexane, and vehicle fuel. As an extension of the series, growth and development of investment projects in the field of this industry comes the second link, which is the Jubail Chevron Phillips project, where its factory is located adjacent to the Saudi Chevron Phillips factory in Jubail, where the company began its production in 2008 AD, by producing styrene and propylene materials… and expansions continue. With the strategic partner Chevron Phillips Arabian Chemicals in building the Saudi Polymers Company project through the National Petrochemical Company (Petrochem), where the Saudi Polymers Company factory produces the following products: ethylene, polyethylene, hexane, polypropylene, and polystyrene, and production began in 2012.
During the year 2022, the company’s Board of Directors adopted a new strategy aimed at increasing and diversifying the Saudi Group’s current portfolio by continuing to grow its petrochemical projects, in addition to entering new sectors based on sustainability and modern technologies, by forming strategic partnerships with international companies, in line with the vision of Kingdom 2030, to maximize the return to the company’s shareholders, while working to continue distributing profits to shareholders.