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Saudi Industrial Investment to increase its capital to $2bn

Saudi Industrial Investment Group is one of the first private petrochemical companies in ��ֱ�� (Shutterstock)

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Updated 16 March 2022

Arab News

March 16, 2022 17:02

Saudi Industrial Investment to increase its capital to $2bn

Updated 16 March 2022

Arab News

March 16, 2022 17:02

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RIYADH:��Saudi Industrial Investment Group has received��approval��from the Saudi Capital Market Authority��to increase its capital from SR4.5 billion ($1.2 billion)��to SR7.55 billion.

A total of 304 million new shares will be issued to acquire all shares of its��subsidiary National Petrochemical Co.,��according to a statement by the CMA.

Founded 1996, Saudi Industrial Investment Group is one of the first private petrochemical companies in ��ֱ��.