Saudi Tadawul announced the suspension of trading on the shares of Saudi Industrial Investment Group and National Petrochemical Company on the market starting today, Monday, September 27, 2021, for one trading session, based on their request in accordance with the provisions of the listing rules and procedures for suspending the trading of listed securities, in preparation for the announcement of a material event.

Tadawul said that trading on the two shares will resume as of Tuesday, September 28, 2021.

According to data available in Arqaam, the Saudi Group owns 50% of Petrochem's capital.


The two companies had announced in September 2020 the approval of their boards of directors to start preliminary discussions for the economic feasibility study regarding the merger of the two companies.


The two companies announced last April, the completion of the preliminary economic feasibility study for the merger, based on which the Group and Petrochem decided to start the necessary professional due diligence studies and negotiate the terms and conditions of the potential transaction and exchange information between them.