Sahara International Petrochemical Co (2310)

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News

14 December 09:56 AM Sipchem appoints new Chairman, Vice Chairman

Riyadh - Mubasher: Sahara International Petrochemical Company (Sipchem) named Khalid A. Al Zamil as the board’s Chairman for the next four years. The board members also appointed Fahad S. Al Rajhi as the Vice Chairman, according to a bourse …

Corporate Actions

22 October 02:35 PM Sipchem turns to net losses in 9M-25; revenues down 1.5%

Riyadh - Mubasher: Sahara International Petrochemical Company (Sipchem) shifted to net losses of SAR 442.60 million in the first nine months (9M) of 2025, versus net profits of SAR 406.20 million in 9M-24. Revenues decreased by 1.50% to SAR 5.24 …

Financial Results

17 September 12:53 PM Sipchem’s CEO resigns; Al Rushoud takes over

Riyadh – Mubasher: The board of Sahara International Petrochemical Company (Sipchem) accepted the resignation of Abdullah Saif Al Saadoon from his position as the CEO. The members also approved the appointment of Ibrahim Abdulaziz Al Rushoud as …

Management Decisions

22 July 05:49 AM Sipchem’s net profits fall 91.5% in H1-25; revenues hit SAR 3.8bn

Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) posted 91.38% lower net profits at SAR 26.10 million in the first half (H1) of 2025, versus SAR 303 million in H1-24. The Saudi group generated revenues amounting to SAR 3.87 …

Financial Results

26 June 10:14 AM Sipchem unveils SAR 362.5m cash dividends for H1-25

Riyadh – Mubasher: The board of Sahara International Petrochemical Company (Sipchem) announced cash dividends worth SAR 362.56 million, equivalent to 5% of its share capital, for the first half (H1) of 2025. Sipchem will pay SAR 0.50 per share for …

Cash Dividends

13 May 02:34 PM Sipchem’s net profits cross SAR 195m in Q1-25

Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) posted 7.60% year-on-year (YoY) higher net profits at SAR 195.30 million in the first quarter (Q1)of 2025, versus SAR 181.50 million. The Saudi company’s revenues climbed by …

Financial Results

24 February 12:22 AM Sipchem’s Acrylic Complex enters into SAR 1.3bn refinancing agreements with listed banks

 Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) announced that its Acrylic Complex investee signed refinancing agreements with a consortium of local banks for an amount worth SAR 1.30 billion. The financing duration has …

Companies Investments

27 November 2024 04:09 PM Sipchem to pay SAR 362.5m dividends for H2-24

Riyadh – Mubasher: The board members of Sahara International Petrochemical Company (Sipchem) decided, in their 26 November 2024 meeting, to distribute a total of SAR 362.56 million as cash dividends for the second half (H2) of 2024. Sipchem will …

Cash Dividends

20 October 2024 07:00 PM Sipchem achieves SAR 406m net profits in 9M-24; revenues cross SAR 5bn

Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) registered a 60.03% year-on-year (YoY) decline in net profit to SAR 406.20 million during the first nine months (9M) of 2024 compared with SAR 1.01 billion. The earnings per …

Financial Results

27 August 2024 02:01 PM Sipchem awards $169m project contracts for expanding subsidiary’s business

Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) awarded engineering, procurement and construction contracts for the expansion of Al Waha's propylene and polypropylene plants. The agreements, valued at $169 million, were …

Companies Investments

21 July 2024 01:02 PM Sipchem records SAR 303m net profits in H1-24

Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) reported a 61.31% year-on-year (YoY) plunge in net profit to SAR 303 million in the first half (H1) of 2024 from SAR 783.30 million in the same period a year earlier. Sales …

Financial Results

2 July 2024 00:27 PM Sipchem’s unit awards $187m contracts to boost ethylene vinyl acetate production

Riyadh – Mubasher: International Polymers Company, affiliated to Sahara International Petrochemical Company (Sipchem), has awarded $187 million contracts for the expansion of its ethylene vinyl acetate plant. Signed on 1 July 2024, the contracts …

Companies Investments

13 June 2024 03:10 PM Sipchem announces SAR 362.5m dividends for H1-24

Riyadh – Mubasher: The board of Sahara International Petrochemical Company (Sipchem) approved cash dividends worth SAR 362.56 million, representing 5% of the capital, for the first half (H1) of 2024. The company will pay out a dividend of SAR 0.50 …

Board of Directors

13 May 2024 01:13 PM Sipchem’s affiliate firm secures SAR 1.5bn loan from 2 banks

Riyadh – Mubasher: An affiliate company to Sahara International Petrochemical Company (Sipchem) has signed agreements to secure SAR 1.52 billion in financing from Banque Saudi Fransi and Al Rajhi Bank. With an eight-year maturity, the new loan …

Banking and Finance

28 April 2024 01:22 PM Sipchem’s net profit plummets 61% YoY in Q1-24

Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) logged a 61.40% year-on-year (YoY) plunge in net profit to SAR 181.50 million in the first quarter (Q1) of 2024 from SAR 470.30 million. Revenues fell 7.79% YoY to SAR 1.92 …

Financial Results

24 April 2024 00:17 PM Sipchem to suspend 3 plants for scheduled maintenance

Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) unveiled the scheduled periodic Turnaround maintenance of three affiliated companies, which will enhance the reliability of the plants. International Vinyl Company (IVC), …

Companies Investments

4 March 2024 10:57 AM Sipchem generates SAR 1.1bn profits in 2023

Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) achieved net profits worth SAR 1.17 billion in 2023, an annual plunge of 67.32% from SAR 3.59 billion. Revenues amounted to SAR 7.61 billion in January-December 2023, down …

Financial Results

23 November 2023 09:11 PM Chubb Arabia renews SAR 52m insurance contract with Sipchem

Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company recently received a renewal confirmation for a SAR 52.19 million insurance coverage contract from Sahara International Petrochemical Company (Sipchem). Under the one-year contract, …

Companies Investments

18 October 2023 00:03 PM Sipchem’s 9M-23 net profits down to SAR 1bn

Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) posted 67.39% year-on-year (YoY) plunge in net profit after Zakat and tax to SAR 1.01 billion during the first nine months (9M) of 2023, versus SAR 3.11 billion. The earnings …

Financial Results

25 July 2023 03:40 PM Sipchem posts 66.5% lower profits in H1-23

Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) achieved net profits after Zakat and tax worth SAR 783.30 million in the first half (H1) of 2023. The recorded net profits were lower by 66.55% year-on-year (YoY) than SAR …

Financial Results

26 June 2023 03:10 PM Sipchem’s board nods to SAR 906.5m dividends for H1-23

Riyadh – Mubasher: The board of Sahara International Petrochemical Company (Sipchem) approved cash dividends amounting to SAR 906.40 million for the first half (H1) of 2023. Sipchem will grant SAR 1.25 per share for 725.12 million eligible shares, …

Cash Dividends

25 April 2023 09:38 AM Sipchem logs nearly SAR 470.5m profits in Q1-23 interim results

Riyadh – Mubasher: The net profits after Zakat and tax of Sahara International Petrochemical Company (Sipchem) plunged by 56.41% to SAR 470.30 million during the first quarter (Q1) of 2023, versus SAR 1.07 billion in Q1-22. The revenues amounted …

Financial Results

28 February 2023 09:46 AM Sipchem’s net profits up in 2022 results

Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) logged net profits after Zakat and tax worth SAR 3.595 billion in 2022, up 0.10% year-on-year (YoY) from SAR 3.591 billion. Revenues amounted to SAR 10.25 billion last year, a …

Financial Results

18 December 2022 10:33 AM Sipchem announces new Chairman, Vice Chairman

Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) appointed Khalid Al Zamil as the new Chairman of the board for the coming three years. Meanwhile, Fahad Al Rajhi was named as the board’s Vice Chairman, according to a bourse …

Companies Investments

1 December 2022 01:29 PM Sipchem to pay 15% of capital as dividends for H2-22

Riyadh – Mubasher: The board of Sahara International Petrochemical Company (Sipchem) agreed to distribute cash dividends worth SAR 1.08 billion, representing 15% of the capital, for the second half (H2) of 2022. The Saudi firm will disburse SAR …

Cash Dividends