SIDC eyes strategic acquisition of Saudi construction firm

10/08/2026 04:30 AST

Saudi Industrial Development Company (SIDC) has announced that it had signed a non-binding MoU with Sudom Investment Company and Mohammed A. AlSwailm Holding to explore the acquisition of the entire share capital of Industrial Production Services Company, a major player in the Saudi construction and building sector.

The proposed transaction is part of its strategy to expand into new investment areas, diversify its revenue streams and reduce reliance on its existing businesses, said SIDC in its Saudi Exchange filing.

The acquisition move will be subject to a financial valuation, due diligence and the receipt of required regulatory approvals, it stated.

The company said there would be no financial impact from the signing of the MoU at this stage.


Trade Arabia

News

SIDF grants SR6.7 billion loans for 144 industrial projects

21/01/2014

Saudi Industrial Development Fund (SIDF) approved 144 loans worth SR6.68 billion, with an increase of 6 percent over the loans of 2012, local media said quoting a senior SIDF official.

The l

Arab News

SIDC Announces Financial Results for Year 2013

15/01/2014

Net profit of Saudi Industrial Development Company (SIDC) during the 4th Q 2013 amounted to SAR 7 million versus SAR 4 million for the same quarter of last year with an increase of 75 %, compared to

Gulfbase.com

SIDC announces annual financial results

25/02/2013

Saudi Industrial Development Company "SIDC" announces annual financial results ended 31/12/2012.

1.Net profit during this period was (33.2) million riyals compared to net profit of (24.6)

Tadawul

Most Viewed Companies

Ticker Price Volume

Valuation

SIDC Sector Market
P/E
Price/BookValue

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
ALASEEL 3.27 -0.01 (-0.31%)
ARTEX 9.78 0.06 (0.61%)
LAZURDE 9.60 -0.26 (-2.64%)
ALFAKHERA 13.00 0.00 (0.00%)
NASEEJ 12.23 0.52 (4.44%)

Recent News

Mekdam Holding receives Ashghal award for contract worth up to QR262.5 mn

05/10/2026

Mekdam Holding Group said on Sunday that its subsidiary, Mekdam Technical Services W.L.L., has received a Letter of Award from Qatar's Public Works Authority (Ashghal) for a contract to provide and s

Gulf Times

Vodafone Qatar, Mowasalat sign MoU to advance digital innovation

05/10/2026

Vodafone Qatar and Mowasalat (Karwa) have signed a Memorandum of Understanding (MoU) to explore future collaboration across connectivity, data and analytics, customer engagement and digital solutions

Gulf Times

Alwasail Industrial lands supply contract for Riyadh Sports Boulevard

05/10/2026

Saudi Arabia's Alwasail Industrial has announced that it has secured a contract worth SAR8.83 million ($2.35 million) from Almabani General Contractors Company to supply materials for the Sports Boul

Trade Arabia

Du achieves world's first six-carrier aggregation deployment on commercial 5G-advanced network, advancing 5G+ and 6G readiness

05/10/2026

Du, the leading telecom and digital services provider, today announced the world's first six-carrier aggregation deployment on its commercial 5G-Advanced network, successfully aggregating six 5G New

Khaleej Times

Natural Gas Distribution Company secures Al-Kharj gas network licence

05/10/2026

Saudi Arabia's Ministry of Energy has awarded Natural Gas Distribution Company a licence to construct, own and operate a natural gas distribution network in Al-Kharj Industrial City.

The awa

Trade Arabia