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Wednesday, May 25, 2022

Saudi Industrial Investment to increase its capital to $2bn

Saudi Industrial Investment to increase its capital to $2bn

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 Saudi Arabia.
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