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 the Board of Directors’ decision approving the start of discussions with the National Petrochemical Company (Petrochem) on a possible deal to merge the two companies
ELEMENT LIST EXPLANATION Announcement Detail SIIG announces the approval of the Board of Directors on 29-01-1442H corresponding to 17-09-2020 to start initial discussions with the National Petrochemical Company (Petrochem) (a related party) to study the economic feasibility of merging the two companies, noting that there is no agreement has yet been reached on the final […]
Correction announcement from Saudi Industrial Investment Group in regards to its Interim Financial Results for the Period Ending on 30-06-2020 (Six Months)
Element List Explanation Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul’s Website 2020-07-27 Corresponding to 1441-12-06 URL of the Previous Announcement Click Here Incorrect statements in the previous announcement Gross Profit (Loss) for the current quarter = SR 122 MillionOperational Profit (Loss) for the current quarter = SR 197 MillionOperational Profit […]
Saudi Industrial Investment Group announces its Interim Financial Results for the Period Ending on 30-06-2020 (Six Months)
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change Sales/Revenue 1,346 1,651 -18.473 1,515 -11.155 Gross Profit (Loss) 122 460 -73.478 247 -50.607 Operational Profit (Loss) 197 435 -54.712 -73 – Net Profit (Loss) after Zakat and Tax -55 205 – -174 -68.39 Total Comprehensive Income -55 205 – -174 […]