SIRC was established in 2017 to advance Saudi’s waste management and recycling operations and coordinate related local and international investments. It is a wholly-owned subsidiary of the Public Investment Fund (PIF). Among its subsidiaries are Akam, Yadoum, Azyat, and Electa. In July 2023, SIRC and the National Agricultural Development Company (NADEC) signed an agreement to recycle more than 150,000 tons of cow waste annually. In ِAugust, it held a meeting with the ALMQR Development Company and BEEAH Group, aiming to establish an independent entity for managing and treating municipal solid waste in Medina.