Announcement • Apr 30
Saudi Industrial Investment Group, Annual General Meeting, May 20, 2026 Saudi Industrial Investment Group, Annual General Meeting, May 20, 2026, at 19:00 Arab Standard Time. Location: riyadh Saudi Arabia Price Target Changed • Feb 23
Price target decreased by 8.4% to ر.س14.16 Down from ر.س15.46, the current price target is an average from 5 analysts. New target price is 8.9% above last closing price of ر.س13.00. Stock is down 35% over the past year. The company is forecast to post earnings per share of ر.س0.32 next year compared to a net loss per share of ر.س0.15 last year. New Risk • Aug 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Saudi stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Cash payout ratio: 103% Revenue is less than US$1m. Minor Risk Share price has been volatile over the past 3 months (5.9% average weekly change). Announcement • May 01
Saudi Industrial Investment Group, Annual General Meeting, May 21, 2025 Saudi Industrial Investment Group, Annual General Meeting, May 21, 2025, at 18:30 Arab Standard Time. Location: riyadh Saudi Arabia Price Target Changed • Jan 15
Price target decreased by 11% to ر.س17.18 Down from ر.س19.30, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ر.س17.80. Stock is down 14% over the past year. The company is forecast to post earnings per share of ر.س0.36 for next year compared to ر.س0.15 last year. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ر.س18.14, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the Chemicals industry in Saudi Arabia. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ر.س24.75 per share. Price Target Changed • Dec 19
Price target decreased by 7.4% to ر.س19.53 Down from ر.س21.08, the current price target is an average from 4 analysts. New target price is 16% above last closing price of ر.س16.88. Stock is down 22% over the past year. The company is forecast to post earnings per share of ر.س0.36 for next year compared to ر.س0.15 last year. Buy Or Sell Opportunity • Sep 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.5% to ر.س19.28. The fair value is estimated to be ر.س24.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 172% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Aug 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to ر.س19.24. The fair value is estimated to be ر.س24.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 172% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Aug 04
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to ر.س19.42. The fair value is estimated to be ر.س25.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 172% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jun 03
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 6.0% to ر.س21.74. The fair value is estimated to be ر.س18.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 153% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Apr 29
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to ر.س22.84. The fair value is estimated to be ر.س18.41, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 124% over the last 3 years. Earnings per share has declined by 62%. Buy Or Sell Opportunity • Mar 14
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 4.3% to ر.س22.08. The fair value is estimated to be ر.س18.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jan 29
Now 22% overvalued Over the last 90 days, the stock has fallen 9.8% to ر.س21.62. The fair value is estimated to be ر.س17.78, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making. Announcement • Dec 18
Saudi Industrial Investment Group Announces Distribution of Cash Dividend for Second Half of 2023, Payable on January 4, 2024 Saudi Industrial Investment Group announced its board of director's decision to distribute cash dividends to the shareholders of the Saudi Industrial Investment Group for the second half of 2023 of SAR 0.5 per share. The total amount distributed is SAR 377,400,000. Eligibility date: The eligibility shall be for the shareholders who own the shares at the close of the market corresponding to December 18, 2023 and who are registered in the SIIG shareholders' record at the securities depository center company at the end of the second trading day following the due date. Distribution Date: January 4, 2024. Price Target Changed • Aug 03
Price target increased by 8.8% to ر.س26.30 Up from ر.س24.18, the current price target is an average from 3 analysts. New target price is 6.0% above last closing price of ر.س24.82. Stock is down 6.9% over the past year. The company is forecast to post earnings per share of ر.س0.47 for next year compared to ر.س0.41 last year. Price Target Changed • Apr 03
Price target increased by 21% to ر.س29.83 Up from ر.س24.63, the current price target is an average from 4 analysts. New target price is 19% above last closing price of ر.س24.96. Stock is down 30% over the past year. The company is forecast to post earnings per share of ر.س0.75 for next year compared to ر.س2.53 last year. Price Target Changed • Jan 05
Price target decreased to ر.س23.75 Down from ر.س28.94, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ر.س22.82. Stock is down 28% over the past year. The company is forecast to post earnings per share of ر.س1.06 for next year compared to ر.س2.53 last year. Buying Opportunity • Dec 11
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be ر.س25.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 112% over the last 3 years. Earnings per share has grown by 37%. Announcement • Dec 05
Saudi Industrial Investment Group Announces Distribution of Cash Dividend for Second Half of 2022, Payable on December 22, 2022 Saudi Industrial Investment Group announced its board of director's decision to distribute cash dividends to the shareholders of the Saudi Industrial Investment Group for the second half of 2022 of SAR 0.75 per share. The total amount distributed is SAR 566,100,000. Eligibility date: The eligibility shall be for the shareholders who own the shares at the close of the market corresponding to December 8, 2022, and who are registered in the SIIG shareholders' record at the securities depository center company (Edaa) at the end of the second trading day following the due date. Distribution date is December 22, 2022. Board Change • Nov 16
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 8 new directors. 1 experienced director. 1 highly experienced director. 4 independent directors (6 non-independent directors). Independent Director Suleiman Bin Abdul Rahman Al-Quwaiz is the most experienced director on the board, commencing their role in 2010. Independent Director Faraj Abu Thaneen was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Buying Opportunity • Nov 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be ر.س27.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 105% over the last 3 years. Earnings per share has grown by 35%. Price Target Changed • Oct 25
Price target decreased to ر.س29.20 Down from ر.س31.54, the current price target is an average from 5 analysts. New target price is 29% above last closing price of ر.س22.62. Stock is down 45% over the past year. The company is forecast to post earnings per share of ر.س1.93 for next year compared to ر.س2.53 last year. Buying Opportunity • Aug 31
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be ر.س32.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 105% over the last 3 years. Earnings per share has grown by 35%. Price Target Changed • Aug 18
Price target increased to ر.س32.90 Up from ر.س30.55, the current price target is an average from 4 analysts. New target price is 19% above last closing price of ر.س27.60. Stock is down 22% over the past year. The company is forecast to post earnings per share of ر.س2.00 for next year compared to ر.س2.53 last year. Buying Opportunity • Aug 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be ر.س32.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 101% over the last 3 years. Earnings per share has grown by 35%. Upcoming Dividend • Jun 26
Upcoming dividend of ر.س0.75 per share Eligible shareholders must have bought the stock before 03 July 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 53% and the cash payout ratio is 75%. Trailing yield: 5.7%. Within top quartile of Saudi dividend payers (4.7%). Higher than average of industry peers (4.8%). Price Target Changed • May 30
Price target decreased to ر.س34.80 Down from ر.س40.27, the current price target is an average from 3 analysts. New target price is 13% above last closing price of ر.س30.80. Stock is down 18% over the past year. The company is forecast to post earnings per share of ر.س2.27 for next year compared to ر.س2.53 last year. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 1 independent director. 9 non-independent directors. Director Farraj Abothenain was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 26
Saudi Industrial Investment Group Declares Dividend for the Second Half of 2021 Saudi Industrial Investment Group declares dividend of SAR 566,100,000 or SAR 0.75 for the second half of 2021. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS ر.س1.12 (vs ر.س0.12 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ر.س2.46b (up 83% from 2Q 2020). Net income: ر.س505.3m (up ر.س560.2m from 2Q 2020). Profit margin: 21% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Major Estimate Revision • Aug 05
Consensus EPS estimates increase to ر.س2.39 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from ر.س7.75b to ر.س8.08b. EPS estimate increased from ر.س1.99 to ر.س2.39 per share. Net income forecast to grow 85% next year vs 41% growth forecast for Chemicals industry in Saudi Arabia. Consensus price target of ر.س40.03 unchanged from last update. Share price was steady at ر.س36.75 over the past week. Upcoming Dividend • Jun 25
Upcoming dividend of ر.س0.50 per share Eligible shareholders must have bought the stock before 01 July 2021. Payment date: 14 July 2021. Trailing yield: 2.9%. Lower than top quartile of Saudi dividend payers (4.4%). Higher than average of industry peers (2.5%). Price Target Changed • May 20
Price target increased to ر.س39.70 Up from ر.س34.05, the current price target is an average from 4 analysts. New target price is 6.6% above last closing price of ر.س37.25. Stock is up 91% over the past year. Reported Earnings • May 04
First quarter 2021 earnings released: EPS ر.س0.68 (vs ر.س0.39 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ر.س2.13b (up 40% from 1Q 2020). Net income: ر.س305.4m (up ر.س479.3m from 1Q 2020). Profit margin: 14% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Price Target Changed • May 02
Price target increased to ر.س34.05 Up from ر.س30.53, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of ر.س35.50. Stock is up 108% over the past year. Announcement • Feb 02
Saudi Industrial Investment Group Announces the Shutdown of its Jubail Chevron Phillips Company Project for Scheduled Turnaround Maintenance Saudi Industrial Investment Group announced the shutdown of its units at the Jubail Chevron Phillips Company for scheduled turnaround maintenance and catalyst replacement starting February 1st 2021 and estimated to last 41 days. The financial impact of this shutdown will appear on the financial results for the first quarter of 2021, and it is difficult to estimate the financial impact of this shutdown at this time, due to the changing prices of sold products. Additionally, the company’s other project Saudi Chevron Phillips Company will have its turnaround during the fourth quarter of this year and is planned to last 26 days. SIIG will announce once that turnaround starts. Noting that SIIG owns 50% of the Jubail Chevron Phillips Company, and the other 50% is owned by Arabian Chevron Phillips. Price Target Changed • Jan 12
Price target raised to ر.س26.00 Up from ر.س24.27, the current price target is an average from 3 analysts. The new target price is 5.5% below the current share price of ر.س27.50. As of last close, the stock is up 8.5% over the past year. Price Target Changed • Jan 07
Price target raised to ر.س25.93 Up from ر.س22.93, the current price target is an average from 3 analysts. The new target price is close to the current share price of ر.س26.30. As of last close, the stock is up 14% over the past year. Is New 90 Day High Low • Dec 12
New 90-day high: ر.س27.60 The company is up 20% from its price of ر.س23.00 on 10 September 2020. The Saudi market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ر.س29.57 per share. Is New 90 Day High Low • Nov 18
New 90-day high: ر.س24.46 The company is up 15% from its price of ر.س21.30 on 20 August 2020. The Saudi market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ر.س26.12 per share. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS ر.س0.19 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ر.س1.44b (down 27% from 3Q 2019). Net income: ر.س85.5m (down 47% from 3Q 2019). Profit margin: 6.0% (down from 8.2% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Nov 13
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 1.7%, compared to a 6.1% growth forecast for the Chemicals industry in Saudi Arabia. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS ر.س0.19 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ر.س1.44b (down 27% from 3Q 2019). Net income: ر.س85.5m (down 47% from 3Q 2019). Profit margin: 6.0% (down from 8.2% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 1.9%, compared to a 5.6% growth forecast for the Chemicals industry in Saudi Arabia. Price Target Changed • Sep 30
Price target raised to ر.س22.93 Up from ر.س20.97, the current price target is an average from 3 analysts. The new target price is close to the current share price of ر.س23.02. As of last close, the stock is up 0.9% over the past year. Announcement • Sep 22
Saudi Arabia's SIIG and National Petrochem in Merger Talks Saudi Industrial Investment Group (SASE:2250) and the National Petrochemical Company (SASE:2002) have begun talks over a potential merger, they said on September 20,2020. The SIIG and Petrochem boards have approved initial discussions to study the feasibility of a merger but no agreement has been reached on any final structure of a merged entity, the companies said in separate statements. 
