The Saudi Industrial Investment Group, or SIIG, has experienced a tremendous increase in net profit by 1,134.8 percent due to a surge in the prices of the project's products.
Net profit jumped from SR92 million ($24 million) to SR1.14 billion on an annual basis, according to a stock exchange filing.
Established in 1996, the Riyadh-based firm is one of the first privately owned petrochemical companies in Saudi Arabia.
Its primary aim is to invest in the petrochemical industry for its shareholders.
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