Saudi Arabia
SUBSIDIAIRY NAME | COUNTRY | SECTOR/INDUSTRY | OWNERSHIP % | ACQUISITION DATE | ACQUISITION VALUATION | TOTAL ASSET VALUATION |
---|---|---|---|---|---|---|
SAHNON CONSTRACTING CO. LTD | SAUDI ARABIA | AUTOMOBILE | 70% IIB-DG | MAR 28, 2022 | 350 MILLION USD | 3.5 BILLION USD |
UNITED PATHS COMPANY | SAUDI ARABIA | AGRICULTURAL | 70% IIB-DG | APR 13, 2022 | 700 MILLION USD | 7 BILLION USD |
ABDULRAHMAN OMAR M.MASHAT | SAUDI ARABIA | FOOD | 70% IIB-DG | APR 4, 2022 | 240 MILLION USD | 2.4 BILLION USD |
MANUFACTURING, SERVICE, AND RETAILING RECREATION VEHICLES
SAHNON CONTRACTING CO. LTD: The tire factory capacity is initially 5 million/units per year. This project will be the first of its kind in the region (Gulf Cooperation Council). Saudi Arabia alone is importing an average of 18 million-20 million/year. The government is fully dedicated to supporting this project since it belongs to Saudi Arabia’s development plan “vision 2030”. The initial licenses have been issued; the government granted the land (for 25 years + renewals) at an attractive price (1.2 million USD/year). The Saudi Industrial Development Fund (SIDF) is ready to provide extra funding for the project, if needed, at a 0% interest rate after the commencement of the project. The government is willing to purchase around 70% of the project’s outputs. To raise the project, we intend to buy an SBLC/BG from Point Bank (IIB as asset manager). We can pay 150K USD (Bank statement attached). We are also seeking IIB technical and financial support. We are able to offer IIB a 5% Shareholding in the project.
AGRICULTURE
UNITED PATHS COMPANY: United Paths Company is willing to contract one loan for three different projects, its complimentary sector (total amount of the three projects: $2.7 Billion).
FOOD
ABDULRAHMAN OMAR M.MASHAT: IIB-DG acquires ABDULRAHMAN OMAR M.MASHAT on APR 4, 2022, to establish a fish, chicken, and meat processing factory with a production capacity of more than 48000 tons per annum. Lead and advocate the industry’s contribution to a sustainable environment and green, safe meat, chicken, and fish-processing practices.