Saudi Industrial Export Company core business are marketing and exporting national industrial products and other products within Saudi Arabia and other international markets for its account or others accounts, SIEC re-exporting, counter trade and importing for its account or others accounts, also provide marketing and exporting services for the Saudi factories and companies, SIEC enter into import contracts and export of national products abroad, SIEC has the right to enter all matter related to its function including trading agencies. The Company has the right to participate with institutions or companies that doing similar business or can cooperate with to fulfill its objectives, SIEC can own shares in these companies, merge or to buy them.The Company has the right to benefit or to participate with other companies, but not exceeding 20% from its free cash reserve and not more than 10% of the other company capital, the total shares should not exceeds the value of the reserves, shareholders should be informed in the first coming general meeting.
Company History
Saudi Industrial Export Company established according to the Regulations for Companies enacted by Royal Decree No. M/6 dated 22/03/1385H with paid-up capital of SAR 72 Million divided to 7.2 Million shares, the capital been increased according to the (4th) extraordinary general meeting decision on 01/04/1428H to become SAR 108 Million divided to 10.8 Million shares. The capital was reduced on the basis of the (7th) Extraordinary General Assembly Resolution held on 05/12/1439H corresponding to 23/12/2017. The capital was Reduced to 10,800,000 Saudi Riyals divided into 1,080,000 shares. The capital was increase on the basis of the (8th) Extraordinary General Assembly Resolution (8) held on 29/10/1440 H corresponding to 09/10/2018 issuing shares to become paid in capital of SR 64,800,000 divided by 6,480,000 shares. The capital was reduced on the basis of Extraordinary General Assembly Resolution held on H1443/07/14 corresponding to 2022/02/15. The capital was Reduced to 21,160,000 Saudi Riyals divided into 2,160,000 shares. The capital was increase on the basis of Extraordinary General Assembly Resolution held on 1443/10/10 H corresponding to 2022/05/11 to become 194,400,000 SAR devieded by 19,440,000 shares . On 04/09/2024 the Extraordinary General Assembly has approved to change the Nominal value of the share to (1) one SR and the nominal value of the share before amendment (10) ten Saudi Riyals. the Number of shares after amendment 194,400,000 shares and the Number of shares before amendment: 19,440,000 Share
Company Bylaws
Equity Profile
- Authorized Capital (^)194,400,000
- Issued Shares194,400,000
- Paid Capital (^)194,400,000
- Par Value/Share1
- Paid Up Value/Share1
Last Update :2024-09-05
Investment limits
There are no investment limits on the company’s shares as per the amended Rules for Qualified Foreign Financial Institutions Investment in Listed Securities and Instructions for the Foreign Strategic Investors Ownership in Listed Companies based on company’s bylaw and the issued instructions by the related regulators and supervisory authorities.
- Company Details
- BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION
- Date Established-
- Financial Year End31/12
- Listing Date/
- External Auditors[Moore andElayouty Chartered Accountants]
- ISIN CODESA0007879675
- Number of Employees-
Investor Relations
Contact Name:
Investor Relations
Company Address:
View Plaza Al Ghadeer Building, Al Ghadeer District, King Abdulaziz Road, Floor
Contact Details:
Telephone: 00966112002939
Fax : –
Email : [email protected]
