Saudi Industrial Investment Group (SIIG)
Top 100 Companies in the Middle East 2021

SR.No: 44

Saudi Industrial Investment Group (SIIG)

Sector: Petrochemicals

Date of Establishment: 1996
Country: Saudi Arabia
Group CEO: Abdulrahman Saleh Alismail

Sales: $1.6 billion

Profits: $88.8 million

Assets: $5.1 billion

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.