Our Business
The Saudi Industrial Investment Group is proud to be one of the first privately owned petrochemical companies in Saudi Arabia. Its main goal is to invest in the petrochemical industry for a better future for the company and its shareholders. This is done by taking advantage of strategic partnerships with leading companies in this field, by making optimal use of the Kingdom’s natural resources, and by exploiting the competitive advantage available to the company.
The Saudi Industrial Investment Group Company was established under Resolution No. 291 of the Ministry of Commerce and Industry, dated 29 Jumada II 1416 AH (corresponding to November 23, 1995 AD). It is a Saudi public joint stock company headquartered in Riyadh, Kingdom of Saudi Arabia, with commercial registration No. 1010139946, dated 10 Shaban 1416 AH (corresponding to January 1). 1996 AD, with a capital upon its establishment of (550,000,000) Saudi riyals, divided into (55,000,000) ordinary shares with a nominal value of (10) Saudi riyals per share. The company’s capital has grown through capitalization of profits, priority rights subscriptions, and finally, after the group acquired the National Petrochemical Company (Petrochem), where the company’s capital has now become (754.8) million riyals after the General Assembly of both companies approved the acquisition on April 10—2022 AD.
Latest News
Saudi Industrial Investment Group announces its Annual Financial results for the period ending on 2023-12-31
Element List Current Year Previous Year Change % Sales/Revenue – – – Gross Profit (Loss) – – – Operational Profit (Loss) 125 422 -70.38 Net Profit (Loss) 112 277 -59.57 Total Comprehensive Income 90 376 -76.06 Total Share Holders Equity (after Deducting Minority Equity) 10,023 10,687 -6.21 Profit (Loss) per Share 0.15 0.41 All figures […]
Saudi Industrial Investment Group announces its Interim Financial results for the Period Ending on 2023-12-31 (Twelve Months)
Element List Current Quarter Similar quarter for previous year Change % Previous Quarter Change % Sales/Revenue – – – – – Gross Profit (Loss) – – – – – Operational Profit (Loss) 24 -308 – 219 -89.041 Net Profit (Loss) after Zakat and Tax 11 -296 – 222 -95.045 Total Comprehensive Income -11 -294 -96.258 […]
SIIG announces the scheduled turnaround maintenance at its joint venture project (Saudi Chevron Phillips (SCP) and Jubail Chevron Phillips (JCP))
Element List Explanation Announcement Detail SIIG announces the planned periodic maintenance shutdowns, including catalyst replacement at its joint venture project (Saudi Chevron Phillips (SCP) and Jubail Chevron Phillips (JCP)) The shutdown schedule is as follows: – JCP shutdown for 50 days starting January 7th 2024. – SCP shutdown for 36 days starting on January 13th […]