SIIG unveils new strategy to diversify portfolio, maintain dividend policy

21/09/2022 Argaam
Logo of Saudi Industrial Investment Group (SIIG)

Logo of Saudi Industrial Investment Group (SIIG)

Saudi Industrial Investment Group’s (SIIG) board of directors approved on Sept. 20 a new strategy that aims to boost and diversify the current business portfolio, according to a bourse filing.

 

SIIG plans to achieve this by continuing to pursue growth of its petrochemical projects and entering new sustainable business sectors that adopt state-of-art techniques.

 

This will also come through forming new strategic partnerships with global market players, in line with Vision 2030, with a view to maximize shareholder returns, while maintaining a dividend payment policy.

 

SIIG is currently studying some business opportunities and will duly reveal any updates, the statement added.

 

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