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The Saudi Arabian Military Industries Co., (SAMI), a wholly owned subsidiary of the Public Investment Fund (PIF) , serves as a national partner in the defense and security sector. It was established in 2017 to advance the Kingdom of Saudi Arabia ’s defense industries strategy by localizing military manufacturing and developing cutting-edge defense systems, in alignment with the goals of Saudi Vision 2030 . Location of SAMI SAMI's headquarters are located in the capital, Riyadh , and it h...
The Business Incubators and Accelerators Company (BIAC) is a subsidiary of the Saudi Technology Development and Investment Company 'TAQNIA,' which is wholly owned by the Public Investment Fund (PIF) . Established in 2017, BIAC aims to enable innovation in the Kingdom of Saudi Arabia by building, operating, supporting, and developing an innovation ecosystem, promoting technology, and managing projects across various business sectors. Field of work of BIAC BIAC aims to support and advan...
Catrion Catering Holding Company (CATRION) , formerly the Saudi Airlines Catering Company, announced on October 12, 2023, that it has changed its trade name. Targeting a new era of global expansion beyond the company’s core business of airline catering, which accounts for 76 percent of its revenues, it aims to seize new business opportunities in the retail, healthcare, railway, and integrated facilities management sectors. CATRION’s new business approach aims to increase the contribution of...
Al Othman Holding Company is a Saudi closed joint-stock family-owned company that manages a diverse portfolio of leading brands across various sectors. Established in 1967 in al-Khobar City, Eastern Province , the company operates in twenty-seven locations within the Kingdom of Saudi Arabia with five thousand male and female employees. Vision of Al Othman Holding Company Al Othman Holding Company has been chosen as one of the top one hundred family-owned companies in the Middle East, standing o...
The NEOM Green Hydrogen Company (NGHC) is located in Oxagon City within the NEOM Region, northwest of the Kingdom of Saudi Arabia. It produces approximately six hundred t of green hydrogen, which is used to decarbonize key sectors such as transportation and heavy industries, helping to avoid nearly five million t of CO₂ emissions globally each year. In 2023, the Ministry of Industry and Mineral Resources in the Kingdom granted the first industrial operating license to NGHC. In the same year, ...
The Saudi Paper Manufacturing Co. is a Saudi joint-stock company established in 1989. It was listed on the Saudi Stock Exchange ' Saudi Tadawul ' in June 2006 under the name 'SPM' with the trading symbol '2300' and ISIN 'SA000A0JK4U9.' Its shares are traded on the main market in the basic materials sector. The company's capital is SAR337 million. Establishment of the Saudi Paper Manufacturing Co. The Saudi Paper Manufacturing Co. began in 1991 as a ...
Kayanee is one of the companies wholly owned by the Public Investment Fund (PIF) in the Kingdom of Saudi Arabia. The company aims to provide inspirational experiences to women to promote a balanced lifestyle and enhance the values of purposeful practice and fitness by offering six experiences and services, namely: Move, Wear, Nourish, Restore, Thrive, and Learn. It was launched by the PIF on August 7, 2023. Value of Kayanee Kayanee was launched in line with the PIF's strategy aimed at enab...
Neo Space Group (NSG) is a national company owned by the Public Investment Fund (PIF) in the Kingdom of Saudi Arabia. It operates in the space sector and satellite services both locally and globally. Announced on May 27, 2024, it is the first PIF investment focusing entirely on space sector industries. Objectives of NSG NSG aims to develop and enhance commercial operations such as startups, initiatives, and technologies related to the space sector and satellite services in the Kingdom. It seeks...
Noon Investment is an e-commerce company that provides several products and services for its customers across various platforms. The Public Investment Fund (PIF) owns 50 percent of the company. It was established in 2017 and operates a fleet of approximately nine thousand specialized delivery vehicles. Investing in Noon Investment The PIF's ownership of a 50 percent stake in Noon Investment Company reflects its commitment to strengthening investments in non-oil sectors, expanding the fund&...
Company Formation in the Kingdom of Saudi Arabia is a system designed to facilitate business activities within the Kingdom. Its regulatory framework began with the issuance of the Companies Law by Royal Decree in 1965 and a decision by the Council of Ministers in the same year. The first commercial company in Saudi Arabia Records from the Ministry of Commerce indicate that Zainal Bin Ali Reda is the founder of the first commercial company in the Kingdom, established in 1869, and it was register...
Kingdom Holding Company is a Saudi public joint-stock company, established in 1979. Its shares have been traded on the Saudi Stock Exchange since 2007. The company operates in the field of global investments and holds a prominent position in the Kingdom of Saudi Arabia , the Gulf region, and worldwide. Investment history of the Kingdom Holding Company In 1979, Prince Alwaleed Bin Talal founded his private company under the name 'Kingdom Establishment for Trading and Contracting.' Seve...
Saudia Saudia is the first airline in the Kingdom of Saudi Arabia . It was established on May 27, 1945, and started its flight with a single DC-3 aircraft. Its fleet grew to include eighty-nine Airbus aircraft and fifty-four Boeing aircraft. Flynas It was launched in 2007 and operates over 1,500 flights weekly to seventy domestic and international destinations, with a fleet comprising sixty-one aircraft. Nesma Airlines A member of Nesma Holding Group in the Kingdom, it serves as a carrier in th...
