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Sahara International Petrochemical Co (2310)

Last update: 03:19 PM market time.
43.90
-1.85
-4.04%
Open 44.90
Previous Close 45.75
High 45.10
Low 43.35
Stock Statistics
Volume 13,383,874
Turnover 589,204,351.75
All data are 15 minutes late during market session

News

Photo Archive
20 October 09:09 AM Sipchem turns profitable at nearly SAR 2.3bn in nine months
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) achieved net profits after Zakat and tax worth SAR 2.27 billion during the first nine months of 2021, against losses of SAR 141.8 million in the same period a year ago. …
Photo Archive
27 September 04:40 PM Sipchem starts supplying hydrogen to Aramco’s SASREF
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) announced the safe start of supplying hydrogen gas to Saudi Aramco Jubail Refining Company (SASREF), according to a bourse filing on Monday. This comes under the framework of …
Earnings per share stood at SAR 1.71 in H1-21
1 August 11:57 AM Sipchem turns profitable at over SAR 1bn in H1-21
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) recorded a net profit after Zakat and tax worth SAR 1.24 billion in the first half (H1) of 2021, against net losses of SAR 151.8 million in H1-20. Earnings per share stood at …
The closure is expected to take effect on 1 July
23 June 05:04 PM Sipchem to close GACI’s plant next month
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) will shut down its subsidiary Gulf Advanced Cable Insulation Company’s (GACI) Plant, which is located in Al Jubail Industrial City. The closure is expected to take effect on 1 …
Sipchem has set the distribution date as 14 July 2021
23 June 03:57 PM Sipchem to pay SAR 550m dividends for H1-21
Riyadh – Mubasher: The board of Sahara International Petrochemical Company (Sipchem) gave the green light for distributing a cash dividend of SAR 0.75 per share or 7.5% of the share’s nominal value for the first half (H1) of 2021. The company will …
SAMAPCO is a joint venture project between Ma'aden and Sipchem
23 June 12:41 PM Production at SAMAPCO resumes – Sipchem
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) announced that production activities at SAMAPCO plant have recommenced on 23 June, according to a bourse disclosure on Wednesday. Resuming operations followed a temporary …
Completing the purchase of the shares will be carried out within 12 months
25 May 10:33 AM Sipchem to allocate over 66m shares as treasury shares
Riyadh – Mubasher: The shareholders of Sahara International Petrochemical Company (Sipchem) agreed on purchasing up to 66.34 million of its shares and allocating them as treasury shares, according to a disclosure to Tadawul on Tuesday. Completing …
The company's revenues reached SAR 5.3 billion last year.
11 March 09:36 AM Sipchem posts 41.3% lower earnings in 2020
Riyadh – Mubasher: The net profits of Sahara International Petrochemical Company (Sipchem) declined by 41.3% in 2020 to SAR 175.9 million, compared with SAR 299.5 million in 2019. The drop in annual net earnings was attributed to lower sales …
The five-year Sukuk was offered through a private placement in 2016
4 March 12:12 PM Sipchem plans early redemption of SAR 1bn Sukuk
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) on Thursday announced the proposed early redemption of its SAR 1 billion Sukuk in full at face value. The Sukuk was offered through a private placement in 2016 for an amount …
Startup activities for the Ethyl Acetate Plant began on 15 February 2021.
15 February 09:56 AM Sipchem resumes operations at Ethyl Acetate Plant
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) announced the safe completion of the scheduled periodic turnaround maintenance activities for the Ethyl Acetate Plant of its affiliate, Sipchem Chemical Company (SCC). Startup …
The Polymers Plant resumed its operations on 7 February 2021.
8 February 09:35 AM Sipchem resumes operations at Polymers Plant
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) said it has safely completed the scheduled periodic turnaround maintenance for the Polymers Plant of International Polymers Company (IPC), a Sipchem subsidiary. The Polymers …
The scheduled turnaround maintenance for the two plants will commence on 1 February 2021.
1 February 09:23 AM Sipchem suspends two plants for periodic turnaround maintenance
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) announced the scheduled periodic turnaround maintenance on the Polymers Plant of International Polymers Company (IPC) and the Ethyl Acetate plant (EA) of Sipchem Chemicals …
The maturity date of the new Murabaha financing is in 2027.
27 December 2020 04:44 PM Sipchem’s unit pens SAR 700m Murabaha loan deal
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) said that its 75%-owned subsidiary, International Polymers Company (IPC), signed a SAR 700 million Murabaha facility agreement with Riyad Bank to refinance the existing …
The JV could open the door to substantial investment opportunities of $500 million over the next five years.
15 December 2020 04:49 PM Sipchem, Linde team up to develop industrial gases projects in KSA
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) and Linde GMBH signed an exclusive partnership agreement for a 50/50 joint venture (JV) to develop industrial gases projects and networks in Saudi Arabia. The 20-year JV aims …
The dividends will be distributed on 6 January 2021.
15 December 2020 04:30 PM Sipchem plans SAR 366.7m dividends for FY20
Riyadh – Mubasher: Sahara International Petrochemical Company’s (Sipchem) board recommended distributing cash dividends of SAR 366.7 million to shareholders for fiscal year (FY) 2020. The proposed amount represents 5% of the share’s par value or …
The CEO resignation will come into effect on 1 January 2020.
15 December 2020 04:04 PM Sipchem CEO to retire
Riyadh – Mubasher: The board of Sahara International Petrochemical Company (Sipchem) approved the resignation of the company's CEO, Saleh M. Bahamdan, which was submitted upon his request for retirement. The resignation will come into effect on 1 …
The deal is effective for one year starting from 31 October 2020.
2 November 2020 09:11 AM Chubb Arabia, Sipchem renew SAR 48.7m insurance deal
Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company has renewed an insurance contract with Sahara International Petrochemical Company (Sipchem) as per the agreed-upon conditions. Under the deal, Chubb Arabia will provide Sipchem with …
Sipchem turned to net losses of SAR 141.8 million in the January-September period.
26 October 2020 03:45 PM Sipchem profit slides 91% in Q3
Riyadh – Mubasher: The net profits of Sahara International Petrochemical Company (Sipchem) slumped by 91% yearly in the third quarter (Q3) of 2020 to stand at SAR 10 million. The plunge in Q3-20 profits was attributed to a significant reduction in …
Sahara International Petrochemical Company (Sipchem)
4 October 2020 10:13 AM Sipchem buys 2.5m treasury shares at SAR 39m
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) on 30 September 2020 completed the first stage of purchasing its own shares and allocated them as treasury shares.   The firm bought 2.501 million shares at a total value of …
Photo Archive
1 October 2020 10:07 AM Sipchem, Linde extend partnership agreement until year-end
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) is now at the final negotiation stage to sign a partnership agreement with Linde PLC for the supply of industrial gases to meet growing demand from the refining and chemical …
IBM expertise enabled Sipchem’s workforce to continue business as usual from home
8 September 2020 00:45 PM Sipchem partners with IBM to achieve business continuity amidst pandemic
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) collaborated with IBM Services to virtualise its IT infrastructure to ensure business continuity amid the coronavirus pandemic. Sipchem, recognising the urgent need to protect …
Losses reached SAR 52.8 million in the first quarter
18 May 2020 03:49 PM Sipchem turns to losses in Q1-20
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) reported losses of SAR 52.8 million during the first quarter (Q1) of 2020, against a net profit of SAR 114.7 million in the corresponding period of the previous year. The …
Photo Archive
26 April 2020 01:15 PM Sipchem, Linde extend partnership agreement
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) and Linde PLC have agreed to extend the initial terms for the establishment of a strategic partnership until the end of the third quarter (Q3) of 2020. The deal involves …
Maintenance is planned to be completed within two weeks
3 March 2020 03:54 PM Sipchem begins maintenance of PDH plant
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) announced the unplan turnaround maintenance for its propane dehydrogenation (PDH) plant of Al Waha Petrochemical Company. The maintenance begins today and is planned to be …
The research firm expects spreads for most products to decline sequentially in Q4
18 December 2019 05:24 PM Weak Q4 expected for Saudi petrochemicals - Al Rajhi Capital
Riyadh – Mubasher: The Saudi petrochemicals sector remained under pressure during 2019 due to lower demand, with global economic slowdown amidst trade war concerns; additional capacity coming in the market; and a decline in oil prices, according …