Saudi Industrial Development Company (SIDC)

The Saudi Industrial Development Company "SIDC" is a Saudi joint stock company listed on the Saudi Stock Exchange "Saudi Tadawul." It was established in 1992 and is headquartered in the city of Jeddah.

It was listed on Saudi Tadawul on February 2, 1993. Its shares are traded on the main market in the Consumer Durables and Apparel sector under the name (SIDC), the symbol (2130), and International Securities Identification Number (ISIN) (SA0007879253). The company's capital is SAR400 million.

The Saudi Industrial Development Company (SIDC) was incorporated under the Ministerial Resolution No. (673) on December 14, 1992, to serve the industrial sector in manufacturing plastic sanitary wares, including (wash basins, bathtubs, and toilets), the sponge products industry, and other industries that feasibility studies have shown to be economically viable.

The Saudi Industrial Development Company (SIDC) owns the SIDC Ceramic Factory in Yanbu Industrial City. Additionally, SIDC owns, both directly and indirectly, the entire shares of the following limited liability companies: SIDC Commercial Investment Company Ltd., with a capital of SAR10 million; SIDC Investment Projects Company Ltd., with a capital of SAR1 million; the Global Marketing Company for Sleeping Systems Ltd. (Sleep High), with a capital of SAR100 million; and the ِArabian Spring and Foam Mattresses Manufacturing Company Ltd. (Sleep High Egypt), established under Egyptian Law No. 8 of 1997, with a capital of EGP50 million. SIDC also has a stake in the Arabian Industrial Fibers Company (Ibn Rushd), a limited liability company with a capital of SAR2 billion. SIDC’s investment in Ibn Rushd is SAR31.2 million, representing 1.56 percent of Ibn Rushd’s capital. Additionally, SIDC has a stake in Warehousing and Logistics Services Company, a closed joint-stock company with a capital of SAR260 million. SIDC’s investment in this company is SAR5 million, representing 1.92 percent of its capital.

The operational purposes of the company, according to its bylaws, are defined to serve the industrial sector in the field of high-tech industries (rubber and plastic products, furniture, chemicals and chemical products, non-metallic mineral products, Process Industry, machinery and equipment, mining, recycling activities, waste collection, processing and disposal, and material recovery). The company also engages in wholesale and retail trade, e-commerce, buying and selling, import and export, marketing, contracting, commercial agencies, franchises, distribution, construction, operation (building and constructing public facilities, repair, construction, demolition, restoration, specialized construction activities, operation, maintenance, and cleaning of facilities), property and lands, security and safety activities - including private civil security guards, transportation, mail and storage, tourism and hotels, exhibition organization, and food products.