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The National Unified Procurement Company (NUPCO) is entirely owned by the Public Investment Fund . It is working to enhance the level of the healthcare sector by strategically improving healthcare facilities in all public hospitals and medical centers in Saudi Arabia and enhancing expenditure efficiency regarding the procurement of medication and medical devices and supplies. NUPCO aims to achieve the best health service for patients in a way that meets the government’s requirements and ach...
Saudi Entertainment Ventures (SEVEN) is an investment company owned by the Public Investment Fund. It was established in 2018 to develop the entertainment sector in the Kingdom of Saudi Arabia, support the fields of social and economic development, and harness its future projects to achieve Saudi Vision 2030. The company invests around SAR50 billion to build and operate twenty-one full-service integrated entertainment destinations that include more than 150 entertainment areas across fourteen S...
Riyadh Air is the new national air carrier in the Kingdom of Saudi Arabia. It is considered the latest Saudi aviation company, meeting international standards. It was established by the Public Investment Fund and is headquartered in Riyadh City. It was announced by Crown Prince, Prime Minister, and Chairman of the Public Investment Fund, His Royal Highness Prince Mohammed Bin Salman Bin Abdulaziz Al Saud, on March 12, 2023. It aims to develop the aviation sector and enhance the Kingdom's s...
Awqaf Investments is a closed joint-stock company, serving as the investment arm of the General Authority for Awqaf in the Kingdom of Saudi Arabia. It is directly linked to the authority's governor and contributes to providing comprehensive investment solutions for the non-profit sector, based on clear strategic objectives. Establishment of Awqaf Investments Awqaf Investments was founded in 2018 with a capital of SAR10 million. The Riyadh-based company includes a board of directors, which ...
Ceer Company , a Saudi company specializing in the manufacturing of electric vehicles in the Kingdom of Saudi Arabia, was announced by the Crown Prince, Prime Minister, and Chairman of the Board of Directors of the Public Investment Fund, His Royal Highness Prince Mohammed Bin Salman Bin Abdulaziz Al Saud, on November 3, 2022. It is considered the first electric vehicle brand in the Kingdom and is a joint venture between the Public Investment Fund and Foxconn. The purpose of launching Ceer Comp...
Saudi Payments is a wholly-owned subsidiary of the Saudi Central Bank (SAMA), established in 2019. The company works on developing a secure national payment structure, providing services for banks and financial technology (fintech) companies, and ensuring the required standards are met to guarantee an equal level for all service providers. The Saudi Payments operates the infrastructure for four secure payment platforms: mada, SADAD, Esal, and Sarie. Establishment of Saudi Payments The Saudi Ara...
Matarat Holding Company is a closed joint-stock company affiliated with the Saudi General Authority of Civil Aviation. It was established on April 13, 2013, to create opportunities for local and international investors in the airport sector and develop airports in the Kingdom of Saudi Arabia. The company operates based on the civil aviation sector strategy to engage the private sector, govern air transportation according to principles that support the industry's future, and adhere to globa...
Sanabil Investments is a Saudi joint stock company fully owned by the Public Investment Fund, operating independently according to a specialized investment strategy with moderate risk and high returns. Its capital amounts to USD8 billion, with its headquarters located in the capital, Riyadh. Establishment of Sanabil Investments The Saudi Arabian Investment Company 'Sanabil' was established by a decision of the Council of Ministers in 2008, to invest in capital assets, real rights, sto...
Fund of Funds Company (Jada,) which is headquartered in the capital, Riyadh, is owned by the Public Investment Fund (PIF.) Jada invests in private equity and venture capital funds to support and incentivize Small and Medium Enterprises (SMEs.) Jada establishment The Fund of Funds Company was established by a decision of the Council of Ministers in 2016 under the name Fund of Funds Holding with a capital of SAR4 billion under the joint supervision of the Ministry of Commerce and Investment ...
Saudi Arabia's Basic Industries Corporation (SABIC) is a Saudi public joint-stock company operating in the field of petrochemical industries. It was established in 1976 by a Royal Decree issued in the same year. Moreover, 70 percent of its shares are owned by Saudi Aramco, while 30 percent is traded on the Saudi stock market. Its abbreviation is formed from the first letters of its official name in English, while the abbreviation in Arabic denotes mastery. Development of SABIC In 1983, SAB...
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...
