Saudi Company for Industrial Development (SIDC) was founded in 1992 with the support of leading Jeddah-based firms and investors to promote light industrial projects, principally in the western region.

Shares in the company were floated in August 1992 and were heavily oversubscribed. Commercial production started in 1997 at a ceramic sanitary ware company which SIDC has promoted. The firm has annual capacity of 400,000 units of sanitary ware and 40,000 acrylic bath tubs.

The company has also invested in manufacturing firms. This includes the Arab Alkaline Company (Soda), in which it has a 20 per cent share. This company started production in the winter of 1997. Other investments include a 50 per cent share in the National Spring & Sponge Mattresses Company.

It has a 51 per cent share in the SIDC Steel Coating Project and SIDC Trading. The company has reported profits since it was established which have grown every year, bar a sharp dip in 1996 when there was no income from subsidiaries and associated companies.

Net earnings in 1997 hit a record high of SR 20 million ($5.4 million), more than double the 1996 performance. A sharp reduction in net income was reported in 1998. Profits for the year were SR 360,000 ($96,000).

No dividends were paid for the year.

Individuals	N/A
Institutions	N/A
Floating	N/A
Government	N/A

Director	Abdulghani M. Sabbag
Director	Abdullah I. Silsilah
Director	Mazen M. Batterjee
Director	Mohamed A. Al Fadl
Director	Mohammed H. Fayez
Director	Mohammed Said A. Tasyeb
Director	Prince Faisal Khaled Turki
Chairman	Saleh Ali Al-Turki
Director	Saud A. Al Suleman
Director	Soliman A. Mosly

	2005	2004	2003
Total Assets	657,101,495	662,432	720,662
Shareholder's Equity	204,655,265	311,952	309,965
NIAT	-28,760,326	1,987	-7,561
Dividends	N/A	N/A	N/A

	2005	2004	2003
Assets Growth	99,095.37%	-8.08%	6.43%
Earning Growth	0.00%	0.00%	0.00%
ROaA	-8.75%	0.29%	-1.08%
ROaE	-28.06%	0.64%	-2.41%
No. Of Shares	8,000,000	8,000,000	8,000,000
EPS	-3,595.04	0.25	-0.95
EPS Growth	0.00%	0.00%	0.00%
Payout Ratio	N/A	N/A	N/A

	Trailing
PE
PB
DVPS
Div Yield
EV
EV/Equity

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