Astra Industrial Group
The vision of the Astra Group is to be the premier industrial investment company in the MENA region, providing long-term value to stakeholders through profitable growth, and developing the strongest portfolio of industrial companies in the MENA region through strategic investments. Timely and growth of companies by providing them with optimal financial and administrative resources.
Strategically located across the MENA region, stretching from Morocco in the west to Uzbekistan in the east, the company benefits from international expertise and local knowledge, and the network facilitates AIG's presence in regional markets and the supply of its products.
Astra Industrial Group
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 a demand for a centralized system for the overall management of the group. AIG strives to be the leading industrial investment organization in the Middle East and North Africa (MENA) region.
AIG's companies are concentrated in the key industrial sectors of pharmaceuticals, steel construction and specialty chemicals in its five subsidiaries.
• Tabuk Pharmaceutical Manufacturing Company, which manufactures and markets generic branded pharmaceutical products
• Astra Industrial Complex Company (AstraChem), which manufactures and markets agricultural chemicals, fertilizers and other agricultural inputs.
• Astra Polymer Compounding, 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
• Steel Development Company, which manufactures rebar and iron blocks from scrap steel
The company always strives to allocate resources in the most efficient manner possible to achieve optimum returns. Industrial diversification of the subsidiaries is at the core of this strategy and helps achieve the best return on asset allocation and balance the company's overall performance by taking advantage of opportunities in various sectors.
Corporate Governance
Astra Industrial Group, Astra Industries adheres to the corporate governance practices stipulated in the provisions of the Corporate Governance Regulations issued by the Capital Market Authority (CMA) in the Kingdom of Saudi Arabia, the Companies Law and the Articles of Association of Astra Industries.
The AIG Bylaws define a mechanism for a sound corporate governance system that improves strategy, performance, compliance and accountability in line with international best practices.
Astra Industries strives in its approach to reporting financial results and its continuous communication with the investor community, as well as fulfilling its disclosure obligations.
The Board and its committees such as the Audit, Nomination, Compensation, Performance and Investment Committees continuously support strong corporate governance practices and review the effective implementation of corporate governance practices.
The Group has a separately established independent internal audit function and a governance risk and compliance function.
Sustainability
AIG recognizes that the concept of sustainability influences the progress of society as a whole, and as a result, AIG has adopted a corporate sustainability business approach that delivers long-term value to customers and employees by considering all dimensions of our business operations in a long-term social, cultural and economic environment.
They are committed to building a group that enhances continuity by engaging in transparency and employee development.
The group believes that:
The environment is an essential component of planning and decision-making
Administrative supervision of the activities of subsidiaries in relation to environmental aspects and the preservation of natural resources
Aiming to reduce the negative impact of industrial processes on the environment
Prioritize recycling as much as possible and follow market best practices in the disposal of industrial waste
Optimum use of energy across the platform
Continuous improvement of environmental policies within the group
The company's relationship with investors
Astra Industrial Group, Effective communication with the investment world is a key priority for Astra Industries Astra Industries strives to maintain a high level of transparency and places great importance on strong communication with stakeholders and market participants within permitted regulatory guidelines.
As part of the Astra Industries investor relations programme, meetings with analysts and shareholders are held regularly and, in particular, presentations are given to analysts, fund managers and other market participants.
Astra Industries' Investor Relations department maintains an ongoing dialogue with the investor community at large, regarding their inquiries, suggestions, and expectations of the Company.
Astra Industrial Group Companies
Astra Polymers
Astra Polymer Compounding Company Limited ("Astra Polymer") is an ISO 9001:2000 certified Saudi company established in 1993 to meet the requirements of the plastics and petrochemical industry.
Astra Polymers is a market leader in the region for the production of high-quality, dust-free additives and custom-made thermoplastic compounds as well as liquid or adhesive colorants for the polymer manufacturing, polymer conversion and plastics processing industries.
The company operates a factory in Turkey to supply Turkish polymer and additives to expand its reach into Turkey and neighboring markets.
Astrachem
Astrachem has a far-reaching distribution network covering nearly 24 countries around the world, and operates two state-of-the-art plants in Dammam to formulate and produce compound fertilizers and other agricultural chemicals as well as public health chemicals.
Astrachem operates a plant in Turkey to supply agrochemical products in order to meet the requirements of its customers as well as expand the reach of the important Turkish market and neighboring countries.
Astra Mining
The company's first project aims to produce slaked lime and hydrated lime (calcium carbonate) in the industrial area of Al-Kharj, and occupies more than 92,000 square meters of land.
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