Sahara International Petrochemical Co (SIPCHEM) News - Mubasher Info
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Sahara International Petrochemical Co (2310)

Last update: 1 November 2023 03:17 PM market time.
32.55
0.30
0.93%
Open 32.25
Previous Close 32.25
High 32.85
Low 32.10
Stock Statistics
Volume 1,213,924
Turnover 39,420,347.45
All data are 15 minutes late during market session

News

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4 March 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 …
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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, …
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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 …
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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 …
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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, …
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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 …
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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 …
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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 …
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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 …
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18 October 2022 01:15 PM Sipchem posts higher profits at SAR 3.11bn in 9M-22
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) recorded a 37.23% jump in net profit after Zakat and tax to SAR 3.11 billion during the first nine months (9M) of 2022, versus SAR 2.27 billion in 9M-21. Revenues enlarged by …
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26 July 2022 01:10 PM Sipchem records over SAR 2bn profits in H1-22 initial results
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) has achieved net profits after Zakat and tax worth SAR 2.34 billion in the first half (H1) of 2022, an 88.67% year-on-year (YoY) growth from SAR 1.24 billion. The earnings per …
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19 April 2022 11:12 AM Sipchem's net profits surge 162% in Q1-22
Riyadh – Mubasher: The net profits after Zakat and tax of Sahara International Petrochemical Company (Sipchem) hiked by 162.16% year-on-year (YoY) to SAR 1.07 billion in the first three months (3M) of 2022 from SAR 411.5 million. The company …
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31 January 2022 04:34 PM Sipchem's unit signs SAR 1bn Islamic facility agreement
Riyadh – Mubasher: Al Waha Petrochemical Company, an affiliate of Sahara International Petrochemical Company (Sipchem), has inked a SAR 1.001 billion Islamic facility agreement with Banque Saudi Fransi. The agreement aims to refinance the …
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15 December 2021 05:22 PM Sipchem announces SAR 1.5/shr dividend for H2-21
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) decided to distribute a cash dividend of SAR 1.5 per share for the second half (H2) of 2021. Sipchem will pay a total amount of SAR 1.09 billion, representing 15% of the …
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20 October 2021 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. …
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27 September 2021 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 2021 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 2021 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 2021 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 2021 00:41 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 2021 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 2021 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 2021 00:12 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 2021 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 2021 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 …