21 December 2011

With reference to SIIG previous announcement on 31/7/2011 on Tadawul website, regarding the establishment of the Petrochemical Conversion Company, The Saudi Industrial Investment Group (SIIG) announces that its joint venture, Petrochemical Conversion Company Limited (PCC), has signed a SR700 Million contract with Nesma and Partners Contracting Company, Ltd. for construction of PCCs Nylon 6,6 and conversion plants in the Jubail Industrial City. All projects are scheduled to start-up in 2013.

PCC is a 50/50 joint venture owned by SIIG and Arabian Chevron Phillips Petrochemical Company Limited.

© Tadawul 2011