SIIG shares record highest close in 7 years

Logo of Saudi Industrial Investment Group (SIIG)

Shares of Saudi Industrial Investment Group (SIIG) hit today, Sept. 26, their highest level since 2014, or in seven years, at SAR 40.

The stock closed with a 2% increase today at SAR 39.90, the highest closing since 2014, amid nearly 4.7 million shares traded. 

Accordingly, the stock saw an increase of more than 40% year-to-date.

Established in 1996, SIIG was listed on the Saudi Stock Exchange (Tadawul) in 2004.

The company is active in the petrochemical industries through its three major projects, holding 50% stakes in Chevron Phillips Saudi Arabia, Jubail Chevron Phillips and National Petrochemical Co. (Petrochem).

Through its three integrated projects, the company produces a variety of petrochemical products, including propylene ethylene, styrene, low- and high-density polyethylene, polypropylene and polystyrene, as well as gasoline and vehicle fuel.

The following table shows the most important financial indicators of the company:

The group increased its capital three times to reach a current capital of SAR 4.5 billion.