A little about us
COMPANY OVERVIEW
- SIIG is a Saudi Arabia‐based petrochemical developer, producer and distributor and is considered as one of the largest petrochemical producers in Saudi Arabia and the Middle East & North Africa region.
- It engages in the development, establishment, operation, management, and maintenance of petrochemical factories, and other industries; and wholesale and retail trade of material and petrochemical products, and its derivatives.
- The company offers benzene, cyclohexane, and AHM (Aromatics Hydrocarbon Mixture); and ethylene, styrene, propylene, high density polyethylene, polypropylene, and hexene-1
- SIIG was founded in 1996 and is based in Riyadh, the Kingdom of Saudi Arabia.
Essential numbers defining SIIG today.
CORPORATE HIGHLIGHTS
A timeline of strategic growth, capital development, and industrial leadership.
OUR JOURNEY
Formation of SIIG
Saudi Industrial Investment Group (SIIG) was established in 1996 as a Joint Stock Company with an initial capital of SAR 550 million (USD 147 million), marking the foundation of a new industrial player in the Kingdom. SIIG became the first privately owned petrochemical company in the Kingdom of Saudi Arabia, setting a precedent for private sector participation in the petrochemical industry.
Capital Expansion for Growth
SIIG approved a capital increase of SAR 650 million (USD 173 million), subscribed by existing shareholders, to finance the Jubail Chevron Phillips (JCP) project.
Public Listing
SIIG’s shares were listed on the Saudi Stock Exchange (Tadawul), enhancing transparency and broadening shareholder participation.
Strategic Acquisition
SIIG increased its capital by SAR 3,048 million (USD 812.8 million) to acquire a 50% stake in Petrochem, strengthening its position in the petrochemical value chain
Entry into Biotech Sector
SIIG invested SAR 263 million (USD 70 million) in Unibio International, a global leader in bioprotein production technology, acquiring a 24% ownership stake and expanding into advanced biotechnology.
Capital Optimization
SIIG reduced its share capital by 10%, from SAR 7,548 million (USD 2,013 million) to SAR 6,793 million (USD 1,812 million), through the cancellation of 75.48 million shares (one share for every ten shares held), reflecting disciplined capital management.
EXECUTIVE MANAGEMENT
SIIG Executive Management is responsible for leading and managing day-to-day operations and planning and executing organizational policies and strategies.