Saudi Industrial Investment Group (SIIG)
Date of Establishment: 1996
Group CEO: Abdulrahman Saleh Alismail
Market Value: $4.3 billion
SIIG owns 50% of the Tadawul-listed company Petrochem and 50% of three joint ventures: the Saudi Chevron Phillips Company, the Jubail Chevron Phillips Company, and the Aromatics Distribution Company.In April 2021, SIIG completed an initial economic feasibility study to merge its business with the National Petrochemical Company (Petrochem). The companies have started the reciprocal due diligence and begun to negotiate the terms and conditions of the proposed transaction. SIIG has appointed HSBC Saudi Arabia as its financial advisor.