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Sigachi Industries’ arm, SNP form JV to enter rapidly growing Saudi Arabian market

20 Oct 2023 Evaluate

Sigachi Industries’ wholly owned subsidiary -- Sigachi MENA FZCO and Saudi National Projects Investment (SNP), an advisory investment firm, have formed a joint venture (JV), Sigachi Arabia, to enter the rapidly growing Saudi Arabian market.

Sigachi Arabia will be a holding company that will create separate entities to manage Sigachi’s core verticals viz. Pharma (excipients and APIs), Food and Nutrition, and Operations and Management (O&M). In about 3 years, a manufacturing facility is also planned to be set up in Riyadh to initially cater to the local market and later, to serve the GCC countries. Sigachi MENA FZCO will hold 75% stake and SNP, 25% in the JV.

The company is an industry leader in the field of Pharma Excipients, Nutra and food ingredients. The company has rapidly established itself as one of the largest manufacturers of Microcrystalline Cellulose worldwide.


Sigachi Industries Share Price

23.35 0.04 (0.17%)
17-Apr-2026 16:59 View Price Chart
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