The Saudi Industrial Investment Group (SIIG) is a Saudi joint stock company listed on the Saudi Stock Exchange "Saudi Tadawul". It was established in 1996 and is headquartered in the capital, Riyadh. On April 10, 2022, SIIG acquired the National Petrochemical Company (Petrochem).
It was listed on "Saudi Tadawul" on February 15, 2004. Its shares are traded on the main market in the Basic Materials sector under the name (SIIG), symbol (2250), and International Securities Identification Number (ISIN) (SA000A0B89Q3). As of the update on April 13, 2022, the company's capital is SAR7.548 billion.
Establishment of the Saudi Industrial Investment Group
The group was established as a Saudi joint stock company in accordance with the laws applicable in the Kingdom of Saudi Arabia under commercial registration number 1010139946, issued in Riyadh on January 1, 1996, with an initial capital of SAR550 million. The company's capital has grown through the capitalization of profits, rights issues, and capital increase, reaching SAR7.548 billion.
The group owns 100 percent of the National Petrochemical Company (Petrochem), which in turn owns 65 percent of Saudi Polymers Company, a limited liability company located in al-Jubayl Industrial City. The capital of Saudi Polymers Company is SAR1.406 billion. The plant began producing ethylene, propylene, polyethylene, polypropylene, and hexene in the fourth quarter of 2012.
The group also owns 50 percent of the shares in both Saudi Chevron Phillips Company and Jubayl Chevron Phillips Company, each a limited liability company established and registered in the Kingdom. Saudi Chevron Phillips Company is located in al-Jubayl Industrial City, with a capital of SAR244 million. The company started production in 2000 by manufacturing benzene, cyclohexane, and aromatic hydrocarbon mixture. Jubayl Chevron Phillips Company is also located in al-Jubayl Industrial City, with a capital of SAR483 million. This plant began producing styrene and propylene in the second quarter of 2008.
Moreover, the group owns 65 percent of Gulf Polymers Distribution Company (UAE) and 50 percent of Aromatics Distribution Company (UAE).
Activities of the Saudi Industrial Investment Group
The activities of the Saudi Industrial Investment Group include establishing and participating in the establishment of industrial, petrochemical, chemical, metal projects, and manufacturing industries, as well as other plastic industries. Furthermore, the group focuses on marketing these products and forming strategic alliances with partners with competitive expertise and global technologies to enhance technical and investment capabilities.
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