Description

Saudi Advanced Industries Company (SAIC) is an investment vehicle strategically focused on a broad spectrum of industrial initiatives within the Kingdom of Saudi Arabia. Its diversified portfolio encompasses petrochemicals, the glass industry, various industrial services, financial services and investments, and other related ventures. Through its numerous investments, SAIC's activities are extensive. It provides critical heavy maintenance and modification services for both civilian and military aircraft. The company is also a producer of essential chemical components, including aromatic and cyclic compounds, purified tralic acids, and polyester granules used in bottle and packaging manufacturing. SAIC also undertakes comprehensive marine and geophysical studies, encompassing oceanographic research, seismic surveying, and geodetic mapping, all vital for the exploration and development of hydrocarbons, minerals, groundwater, and other natural resources. Furthermore, its operations extend to offshore drilling, utilizing heavy sealers and multi-purpose self-propelled marine platforms for drilling in gulf waters and oil wells, alongside offering general drilling services for oil and gas extraction. The company also directly manufactures petrochemicals and provides mortgage services to individuals and banks. In the glass sector, it handles wholesale and retail distribution, supplies raw materials and accessories, and offers customization services such as coloring, cutting, and installation. Founded in 1987, Saudi Advanced Industries Company maintains its headquarters in Riyadh.