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The Saudi Electricity Company (SEC) is a Saudi joint stock company specialized in in the generation, transmission and distribution of electricity in the Kingdom of Saudi Arabia. It is the main producer of electricity, and the sole owner of the transmission and distribution network across the Kingdom. It serves all consumer categories, and is headquartered in the capital, Riyadh . Establishment of the Saudi Electricity Company The company was established on April 5, 2000, as a Saudi joint stock ...
The Sadara Chemical Company, known as Sadara , is a joint venture between the Saudi Arabian Oil Company (Saudi Aramco) and Dow Chemical Company (Dow). This chemical complex is the largest of its kind in the world, having been constructed in a single phase. It is located in the al-Jubayl Industrial City II on the eastern coast of the Kingdom of Saudi Arabia. Establishment of Sadara Chemical Company Sadara Chemical Company was established in 2011 with a cost of approximately SAR75 billion. The...
ROSHN Real Estate Company (ROSHN) is a national real estate development company owned by the Public Investment Fund, and headquartered in Riyadh . It aims to develop integrated residential areas that provide a modern lifestyle in conformity with the highest standards in design, planning and construction. Moreover, the company contributes to the government's goals in increasing the Saudi citizen ownership rate. Establishment of ROSHN Real Estate Company The company was established in 2020 i...
The Advanced Electronics Company (AEC) is a Saudi company specializing in defense and aerospace, communications and information technology, energy, cybersecurity, and national security. It commenced its operations in 1988 and is headquartered in Riyadh. AEC provides services in engineering, development, and manufacturing, and has become the technological arm of the Saudi Arabian Military Industries (SAMI.) AEC beginnings AEC began its operations in 1988 as a company specialized in providing and...
Tatweer Buildings Company (TBC) is a government limited liability company within the Kingdom of Saudi Arabia, and is wholly owned by the Public Investment Fund. TBC's operations began in 2013. It is based on commercial foundations specialized in project management, and is the implementing arm of the Ministry of Education 's projects. TBC is headquartered in the capital, Riyadh . TBC Objectives TBC aims to establish innovative, high-quality educational establishments, maintain educatio...
The National Water Company (NWC) is a Saudi joint stock company fully owned by the Public Investment Fund . NWC is headquartered in Riyadh . It was founded in 2008 and provides water and sanitation services. NWC strategy The NWC strategy is based on enhancing water quality, developing services provided to customers, and expanding water and sanitation coverage by working in integrated sectors in the fields of human resources, operations, and privatization. Moreover, it takes into account the pre...
Qiddiya Investment Company is a closed joint-stock company wholly owned by the Public Investment Fund (PIF). It oversees the establishment of the Qiddiya Entertainment Project, which is one of the projects announced by the PIF within Saudi Vision 2030 aimed at diversifying sources of income and driving new sectors. Qiddiya Investment Company was established in 2018 to supervise the implementation of the Qiddiya Project announced in 2017 by Crown Prince, Prime Minister, and PIF Chairman, His Roy...
Red Sea Global is a Saudi closed joint-stock company, wholly owned by the Public Investment Fund. It is the developer of the 'Red Sea' and 'Amaala' destinations. It was established in 2018 as Red Sea Development Company, and in 2022, its name was changed to Red Sea International Company. Location of Red Sea Global The headquarters of Red Sea Global is based in the capital, Riyadh, and has on-site project branches. The company’s board of directors is chaired by His Royal Hi...
Public Investment Fund Companies are companies that the Public Investment Fund (PIF) has established or acquired partial or full shares in, locally or internationally. Acting as the Kingdom of Saudi Arabia’s sovereign wealth fund, the PIF works to develop its investment portfolio in accordance with the Public Investment Fund Law issued in 2019 by Royal Decree and a Council of Ministers’ Resolution. Local and foreign companies The PIF's investment and portfolio development powers includ...
Rabigh Refining & Petrochemical Company is a joint venture between Saudi Aramco and the Japanese Sumitomo Chemical Company. It was established in 2005, and is headquartered in Rabigh, Saudi Arabia . The project's value is around USD10 billion, thus making the shares of Sumitomo Chemical the largest foreign investment in Saudi Arabia . At the time, the financing of this project was seen as the most significant Islamic financing operation for a project of its kind. Petro Rabigh goals Petro R...
