Sahara International Petrochemical Co (SIPCHEM) News - Mubasher Info
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25 May 02:21 AM

Sahara International Petrochemical Co (2310)

Last update: 21 May 03:19 PM market time.
14.80
-0.01
-0.07%
Open 14.88
Previous Close 14.81
High 14.97
Low 14.78
Stock Statistics
Volume 2,119,026
Turnover 31,461,000.67
All data are 15 minutes late during market session

News

Photo Archive
18 December 2022 11:33 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 …
Board of Directors
Photo Archive
1 December 2022 02:29 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
Photo Archive
18 October 2022 02:15 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 …
Financial Results
Photo Archive
26 July 2022 02:10 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 …
Financial Results
Photo Archive
19 April 2022 00:12 PM 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 …
Financial Results
Photo Archive
31 January 2022 05:34 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 …
Banking and Finance
Photo Archive
15 December 2021 06:22 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 …
Cash Dividends
Photo Archive
20 October 2021 10:09 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. …
Financial Results
Photo Archive
27 September 2021 05:40 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 …
Companies Investments
Earnings per share stood at SAR 1.71 in H1-21
1 August 2021 00:57 PM 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 …
Financial Results
The closure is expected to take effect on 1 July
23 June 2021 06:04 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 …
Corporate Actions
Sipchem has set the distribution date as 14 July 2021
23 June 2021 04:57 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 …
Board of Directors
SAMAPCO is a joint venture project between Ma'aden and Sipchem
23 June 2021 01:41 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 …
Companies Investments
Completing the purchase of the shares will be carried out within 12 months
25 May 2021 11:33 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 …
Cash Dividends
The company's revenues reached SAR 5.3 billion last year.
11 March 2021 10:36 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 …
Financial Results
The five-year Sukuk was offered through a private placement in 2016
4 March 2021 01:12 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 …
Sukuk and Islamic Finance
Startup activities for the Ethyl Acetate Plant began on 15 February 2021.
15 February 2021 10:56 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 …
Companies Investments
The Polymers Plant resumed its operations on 7 February 2021.
8 February 2021 10:35 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 …
Companies Investments
The scheduled turnaround maintenance for the two plants will commence on 1 February 2021.
1 February 2021 10:23 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 …
Companies Investments
The maturity date of the new Murabaha financing is in 2027.
27 December 2020 05:44 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 …
Banking and Finance
The JV could open the door to substantial investment opportunities of $500 million over the next five years.
15 December 2020 05:49 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 …
Companies Investments
The dividends will be distributed on 6 January 2021.
15 December 2020 05:30 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 …
Board of Directors
The CEO resignation will come into effect on 1 January 2020.
15 December 2020 05:04 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 …
Management Decisions
The deal is effective for one year starting from 31 October 2020.
2 November 2020 10:11 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 …
Companies Investments
Sipchem turned to net losses of SAR 141.8 million in the January-September period.
26 October 2020 04:45 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 …
Financial Results