The Saudi Industrial Investment Group, prides itself as one of the first privately owned petrochemical company in the Kingdom of Saudi Arabia. Its main goal is to invest in the petrochemical industry for a better future for its Shareholders, end users and the Kingdom as a whole. This is achieved by utilizing our strategic partnerships from around the world, and the efficient use of the Kingdom’s natural resources and it’s competitive advantage..
The company was established as a joint stock company according to kingdom regulations with commercial record number (1010139946) issued in Riyadh 1/1/1996 with a capital of (550,000,000) Saudi Riyal divided to (55,000,000) share with a face value of (10) Saudi Riyal per share. The capital increased through profit capitalization, and underwriting of rights issue since the company’s capital today reached (4,500) Million Saudi Riyal.
The Saudi Industrial Investment Group (“SIIG”) announces its entry into a binding implementation agreement with The National Petrochemical Company (“Petrochem”) to acquire all shares issued in Petrochem through a securities exchange transaction and its firm intention in making an offer in this respect.
ELEMENT LIST EXPLANATION Announcement Detail Further to the announcement made by the Saudi Industrial Investment Group (“SIIG”) on 21-2-1443H (corresponding to 28-09-2021G) in respect of signing a non-binding memorandum of understanding in relation to the exchange ratio and the structure to implement a securities exchange transaction with the National Petrochemical Company (“Petrochem”), SIIG is pleased […]
Saudi Industrial Investment Group announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )
ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE Sales/Revenue – – – – – Gross Profit (Loss) – – – – – Operational Profit (Loss) 339 140 142.142 742 -54.312 Net Profit (Loss) after Zakat and Tax 204 85 140 505 -59.603 Total Comprehensive Income 204 85 140 505 […]
The Saudi Industrial Investment Group SIIG announces the signing of a non—binding memorandum of understanding in relation to a securities exchange transaction with the National Petrochemical Company (Petrochem)
ELEMENT LIST EXPLANATION Introduction Further to the announcement made by The Saudi Industrial Investment Group on the Saudi Stock Exchange (the “SIIG”) on 03-02-1442H (corresponding to 20-09-2020) in respect of the approval of SIIG’s board of directors to commence the discussions with The National Petrochemical Company (“Petrochem”) on the economic feasibility of merging the businesses […]