Manufacture of resins (which is the excretion of hydrocarbons from plants, whose value is high in the market due to its chemical components and uses), includes (polishes and glues)
صناعة الراتنجات ( وهي إفراز المواد الهيدروكربونية من النبات، التي تكون قيمتها كبيرة في السوق لمكوناتها الكيميائية واستخداماتها ) يشمل ( الورنيش والصمغ )
Compliance Risk Score
90/100- Verified against GASTAT/Official source
- Updated for 2026 classification
- Complete hierarchy structure
- Has cross-references to other systems
- Nitaqat localization rules mapped
- GOSI registration status verified
📌 Description
SSIC 202923: Manufacture of resins (which is the excretion of hydrocarbons from plants, whose value is high in the market due to its chemical components...
📖 Description
SSIC code 202923 — Manufacture of resins (which is the excretion of hydrocarbons from plants, whose value is high in the market due to its chemical components and uses), includes (polishes and glues) — classifies economic activities in this sector according to the Saudi national classification system.
Supervisory entity: Ministry Of Industry And Mineral Resources
Licensing entity: Ministry Of Industry And Mineral Resources
Occupations Related to this Activity
Related Codes
When to use this code
Ministry of Commerce — Commercial Registration
Saudization quotas by sector via Qiwa
Permits from supervisory authorities
National reporting — GASTAT
FAQ
What is SSIC code 202923?
SSIC code 202923 corresponds to 'Manufacture of resins (which is the excretion of hydrocarbons from plants, whose value is high in the market due to its chemical components and uses), includes (polishes and glues)' in the Saudi Standard Industrial Classification (SSIC), based on ISIC Rev.4 and maintained by GASTAT. It is a activity-level code used in business registration and government filings in Saudi Arabia.
When should I use SSIC 202923?
Use SSIC code 202923 when your main business activity is 'Manufacture of resins (which is the excretion of hydrocarbons from plants, whose value is high in the market due to its chemical components and uses), includes (polishes and glues)'. You will need it for: company registration at the Ministry of Commerce, Nitaqat Saudization compliance, GOSI registration, and statistical reporting.
What Saudization rate applies to SSIC 202923?
Saudization (Nitaqat) rates vary by sector and company size. Check the HRSD/Qiwa platform for the current rate applicable to SSIC code 202923. Rates were updated in 2025-2026 for most sectors.
Data source: General Authority for Statistics (GASTAT) — SSIC/SSCO 2026 Edition.
This data is cross-checked with Qiwa, HRSD, and ZATCA portals to ensure accuracy for business compliance.