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Under the patronage of the Ministry of Energy, The Saudi Industrial Investment Group (SIIG) announces the signing of agreements with both the Private Sector Partnership Program (Shareek) and the Ministry of Investment to enable producing Bio-Protein in the Jubail Industrial City.
2250
SIIG
0.44
%
1447/09/23 12/03/2026 08:41:43
| Element List | Explanation |
|---|---|
| Introduction | Under the patronage of the Ministry of Energy, SIIG is pleased to announce the signing of a framework agreement with the Private Sector Partnership Program (Shareek) to join their enablement programs. Additionally SIIG signed an agreement with the Ministry of Investment to enable a project to produce Bio-Protein in Jubail Industrial City using dry gas. SIIG, along with its partner Unibio PLC, are working on localizing this advanced technology, which will support SIIG’s strategic plans for growth. |
| Date of Announcement of the Award | 2026-03-11 Corresponding to 1447-09-22 |
| Contract Subject Matter | The eligibility for the SIIG projects enablement programs |
| The Entity with Which the Contract was Signed | Ministry of Investment and the Private Sector Partnership Program (Shareek) |
| Date of Signing the Contract | 2026-03-11 Corresponding to 1447-09-22 |
| Contract Value | The agreement sets out the eligibility criteria for SIIG, and its eligibility to apply for enablement programs. |
| Contract Details | The agreement outlines the eligibility for SIIG to receive enablement under the terms of the Framework Support Agreement. |
| Contract Duration | Eligibility ends on 31-12-2030 |
| Financial Impact and the Relevant Period | There is no financial impact on the current business and ongoing projects. |
| Related Parties | No related parties are involved in this Agreement |
| Additional Information | In this regard, SIIG expresses its sincere gratitude and appreciation to the government of the Kingdom of Saudi Arabia for the support provided through these agreements, which aim to enhance cooperation between the public and private sectors to support the contribution of national companies to the sustainable growth of the Kingdom’s economy. The company will continue to announce significant developments as they happen. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 13.82
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