Royal Commission for Jubail and Yanbu
The Royal Decree read “A Royal Commission shall be formed to execute the necessary infrastructure plan for the preparation of Jubail and Yanbu Cities as industrial areas. The Commission shall have an independent legal personality”. An independent budget was dedicated for the Royal Commission.
Saudi Aramco is the state-owned oil company of the Kingdom of Saudi Arabia and a fully integrated, global petroleum and chemicals enterprise.
Over the past 80 years they have become a world leader in hydrocarbons exploration, production, refining, distribution and marketing.
Established in terms of Royal Decree M/29 of 18 October 2000 (22 Rajab 1421 Hijra) as a joint-stock company, Marafiq is owned by its four major shareholders – the Royal Commission for Jubail and Yanbu (RC), Saudi Basic Industries Corporation (SABIC), Saudi Arabian Oil Company (Saudi Aramco), and the Public Investment Fund (PIF). Seven private-sector investors make up the remaining shareholders. Marafiq started operating as a private power and water utility company on 1 January 2003, with SR 2,5 billion of initial owner equity.
Ranked among the world’s largest petrochemicals manufacturers, SABIC is a public company based in Riyadh, Saudi Arabia. 70% of the Company’s shares are owned by the Saudi Arabian government, with the remaining 30% held by private investors in Saudi Arabia and other countries of the Gulf Cooperation Council.
Ma’aden was formed by Royal Decree in 1997 to facilitate the development of Saudi Arabia’s mineral resources. In 2004, the Cabinet adopted the new Mineral Investment Law in a step helped in the development of the mineral sector and the infrastructure of the railway and the port, which enabled Ma’aden to easily transfer its products to market..