Astra Industrial Group (AIG)
Astra Industrial Group (AIG) is one of the leading industrial conglomerates in the Kingdom of Saudi Arabia. It was established in 2006 in response to the request for a centralized system of macro-management for the Group. AIG strives to be the premier industrial investment enterprise in the Middle East and North Africa (MENA) region.
AIG companies are concentrated in the key industrial segments of pharmaceuticals, steel construction and specialty chemicals in its five subsidiaries.
• Tabuk Pharmaceutical Manufacturing Company which manufactures and markets generic brand pharmaceutical products
• Astra Industrial Complex Company (AstraChem) which manufactures and markets agrochemicals, fertilizers and other agricultural inputs
• Astra Polymer Compounding Company which manufactures color Masterbatch, additives and thermoplastic compounds for the plastics industry
• International Building Systems Factory (IBSF)which manufactures pre-engineered steel buildings and structures
• Tanmiah Steel Company which manufactures steel rebar and billets from scrap steel
AIG endeavors to always allocate resources in the most efficient manner possible so as to achieve optimal returns. The industrial diversification of its subsidiaries is at the core of this strategy and helps to achieve the best return on asset allocation and balance the company’s overall performance by taking advantage of the opportunities in different sectors.