The share of the Saudi Industrial Export Company, which is included in the Saudi market, “Tadawul”, increased by 10.67% during trading today, Wednesday, to trade at the price of 2.49 riyals per share, achieving the largest daily gains in 100 sessions.
The trading on the share of the Saudi Industrial Export Company at that time came through 9.20 thousand shares with a value of trading 22.53 million riyals.
The highest price for the share was at that time at 2.49 riyals, while the lowest price was at 2.26 riyals.
The Saudi Industrial Export Company has been established on June 5, 1990, a public joint stock company that has been included in the Saudi financial market “Tadawul” since November 1995. Its headquarters are located in Riyadh, and it runs regional offices in both the United Arab Emirates and the Republic of Iraq.
The company works in providing comprehensive solutions for supply and trade chains, as its services include exporting industrial raw materials such as fertilizers, polymers, cement, and chemicals. It also provides commercial financing and insurance services at a global level, as well as integrated logistical solutions that include storage, transportation and distribution. It also works to develop digital platforms to support e -commerce operations and facilitate the follow -up of requests.
In May 2022, the extraordinary general assembly approved an increase in the capital of the company, as it rose from 21.6 million riyals to 194.4 million riyals, by issuing priority shares of 172.8 million riyals. This step aims to strengthen the company’s financial situation and support its future expansion plans.
In June 2023, the company signed an initial agreement with the Petroleum demand sustainability program, focusing on developing joint projects concerned with sustainability in the hydrocarbon material sector, including transportation, energy, and industrial materials.
