Saudi Industrial Export Company

The Saudi Industrial Export Company is a Saudi joint-stock company listed on the Saudi Stock Exchange 'Saudi Tadawul'. Established in 1990, it operates in the fields of supply chains, trading financing, and information technology (IT) solutions for trade. The company's headquarters is located in Riyadh, with regional offices in the United Arab Emirates and Iraq.

It was listed on 'Saudi Tadawul' in 2006 and its shares are traded on the main market within the capital goods sector, under the name (SEICO), symbol (4140), and International Securities Identification Number (ISIN) (SA0007879675). The company's capital is SAR194.4 million, according to the update of May 12, 2022.

The company was established in accordance with the provisions of the Companies Law issued by Royal Decree No. M/6 dated July 21, 1965, with a capital of SAR72 million divided into 7.2 million shares. The company's capital witnessed several consecutive increases and decreases. On April 18, 2007, the capital was increased to SAR108 million, divided into 10.8 million shares, based on the decision of the Extraordinary General Assembly (the fourth). On December 23, 2017, the capital was reduced to SAR10.8 million, divided into 1.08 million shares, based on the decision of the Extraordinary General Assembly (the seventh). On October 9, 2018, the capital was increased to SAR64.8 million, divided into 6.48 million shares, based on the decision of the Extraordinary General Assembly (the eighth) by issuing priority rights shares. On February 15, 2022, the capital was reduced to SAR21.16 million, divided into 2.16 million shares, based on the decision of the Extraordinary General Assembly. On May 11, 2022, the capital was increased to SAR194.4 million, divided into 19.44 million shares, based on the decision of the convened General Assembly.

The Saudi Industrial Export Company engages in marketing, exporting, re-exporting, bartering, and importing industrial and other national products inside and outside the Kingdom, for its own account or on behalf of others. It also provides marketing and export services for Saudi factories and companies, enters into supply contracts, exports national products abroad, and is authorized to engage in complementary activities, including commercial agencies. The company may participate with entities or companies that engage in businesses similar to its own, and it may own shares or stakes in these companies, merge with them, or acquire them. It may also share with other companies up to a maximum of 20 percent of its free reserves and not exceeding 10 percent of the capital of the company it is participating in, provided that the total of these participations does not exceed the value of the reserves, with the Ordinary General Assembly being notified at its first meeting.