How it started
History
The National Shipping Company of Saudi Arabia was created by a Royal Decree as a public company in 1978, with 22% ownership stake held by the Public Investment Fund (PIF) of the Saudi government, 20% by Saudi Aramco Development Company (SADCO), and the remaining shares listed on the Saudi stock exchange (Tadawul).
From Wikipedia’s article on National Shipping Company of Saudi Arabia, shared under CC BY-SA 4.0.2