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Element List	Explanation
Introduction	The Saudi Industrial Investment Group (SIIG) announces that its Board of Directors has approved the development of a dry gas-based Bio-Protein production project in Jubail Industrial City, that will produce 50 KTA of single cell-protein. The project is being developed in partnership with Unibio PLC, a global technology provider. SIIG owns 80% of the project, while Unibio PLC owns 20%. The partners have also obtained an allocation of dry gas from the Ministry of Energy as feedstock for the project.
Date of Board Resolution in Regard to the Project	2026-03-15 Corresponding to 1447-09-26
Project Start Date	It is expected that the construction of the Project will begin during the 2nd half of 2026.
Project Cost	The initial total estimated cost of the Project is SAR 1.4 billion.
Financing method for the project	The Project will be funded using the Company’s internal resources and by commercial and government financial institutions.
Expected completion date of the project	It is expected that the construction of the Project will be completed during the 2nd half of 2027
Expected Financial Impact of the Project on the Company’s Results	The project is expected to contribute to the company's revenues and profits.
The Start of the Expected Impact of the Project on the Company’s Results	The Project’s impact on the Company’s results is expected to begin during 2028.
Expected Date for the Pilot Production of the Project to Begin	2nd half of 2027
Duration of the pilot production of the project	6 Months
Expected date for the commercial production of the project	1st half of 2028
Executing Party/Counter Party in the Project/Contract	Contractors and suppliers will be awarded from both inside and outside the Kingdom
Related Parties	There are no related parties.
Additional Information	It is worth noting that SIIG currently owns 24% of Unibio PLC, a leading company in the bio-protein production technology sector.

SIIG announces the development of a Bio-Protein production project with Unibio.