Sahara International Petrochemical Co (SIPCHEM) News - Mubasher Info
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14 May 10:52 PM

Sahara International Petrochemical Co (2310)

Last update: 03:19 PM market time.
15.26
-0.22
-1.42%
Open 15.43
Previous Close 15.48
High 15.51
Low 15.17
Stock Statistics
Volume 1,292,942
Turnover 19,755,844.39
All data are 15 minutes late during market session

News

Upon the complete operation of the project, Saudisation is expected to exceed 70%
28 February 2018 02:50 PM Sipchem’s unit, Lockheed Martin ink military spare parts deal
Riyadh – Mubasher: Riyadh-based Saudi Specialized Products Co. (Wahaj) on Wednesday has signed a cooperation agreement with US Lockheed Martin to co-manufacture the Air Foil Group (tailkits) for Paveway II Plus Laser Guided Bombs (LGBs) in Saudi …
Companies Investments
Sipchem will initially depend on self-finance for the project.
31 January 2018 00:19 PM Sipchem to invest in US shale oil – CEO
Riyadh – Mubasher: Saudi International Petrochemical Company (Sipchem) plans to invest in a petrochemical project in the US as part of its plans to participate into shale oil investments, said CEO Ahmad Al Ohali. The international petrochemical …
Companies Investments
Sipchem is on the verge of completing the projects’ technical tests
30 January 2018 10:10 AM Sipchem to open 2 projects in 2018 – CEO
Riyadh – Mubasher: Saudi International Petrochemical Company (Sipchem) plans to operate two large projects during 2018, said CEO Ahmad Al Ohali. Sipchem is on the verge of completing the projects’ technical tests, marketing, and obtain regulatory …
Companies Investments
Net profit jumped to SAR 164.4 million in Q4-17, from SAR 31.9 million
29 January 2018 09:27 AM Sipchem's profit surges 415% to SAR 164m in Q4
Riyadh – Mubasher: Saudi International Petrochemical Company (Sipchem) on Monday said that its net profit soared 415.36% year-on-year during the fourth quarter of 2017. Net profit jumped to SAR 164.4 million in Q4-17, from SAR 31.9 million in the …
Financial Results
Sipchem's net profits reached SAR 121.6 million in Q3-17, against net losses of SAR 49.4 million in Q3-16, according to a bourse filing
25 October 2017 00:44 PM Sipchem turns profitable in Q3
Riyadh – Mubasher: Saudi International Petrochemical Company (Sipchem) on Wednesday stated turning to profitability in the third quarter of 2017, against losses in the same period in the year before. Sipchem's net profits reached SAR 121.6 million …
Financial Results
The manufacturing was carried out by the Saudi Specialized Products Company (WAHAJ)
9 October 2017 04:43 PM Sipchem’s subsidiary manufactures 18 Hawk platforms
Riyadh - Mubasher: Saudi International Petrochemical Company (Sipchem) announced on Monday completing the manufacturing of 18 platforms for Hawk jets, alongside its ground equipment. The manufacturing was carried out by the Riyadh-based Sipchem’s …
Companies Investments
Sipchem reported a growth of 149.83% in H1-17 profits
26 July 2017 10:09 AM Sipchem Q2 profits leap 425%
Riyadh – Mubasher: Saudi International Petrochemical (Sipchem) achieved a surge of 424.56% in profits during the second quarter of 2017 compared to the same period a year ago. Earnings jumped to SAR 59.8 million in Q2-17 from SAR 11.4 million in …
Financial Results
Sipchem on Tuesday signed a long-term Agreement with SASREF for supplying its affiliate IMC with Carbon Dioxide
19 July 2017 01:19 PM Sipchem signs CO2 supply deal with SASREF
Riyadh - Mubasher: Saudi International Petrochemical Company (Sipchem) on Wednesday said it signed a long-term agreement with Saudi Aramco Shell Refinery Company (SASREF). The deal signed Tuesday involves the supplying Sipchem’s affiliate …
Companies Investments
(Photo Credit: Company website)
31 May 2017 08:04 AM Sipchem suspends IVC plant for periodic maintenance
Riyadh – Mubasher: Saudi International Petrochemical Company (Sipchem) suspended its vinyl acetate monomer plant of the International Vinyl Acetate Company (IVC) for scheduled periodic maintenance. The maintenance is expected to increase both the …
Companies Investments
(Photo archive)
23 May 2017 03:38 PM Al Rajhi Capital set Sipchem PT at SAR 16.6
Riyadh – Mubasher: Al Rajhi Capital said that Saudi International Petrochemical Company’s (Sipchem) results in the first quarter of this year of SAR 92 million came lower than consensus estimate of SAR108 million and its estimate of SAR 131 …
Stock Evaluations
(Photo Credit: Company website)
23 May 2017 02:58 PM Sipchem suspends 2 units for periodic maintenance
Riyadh – Mubasher: Saudi International Petrochemical Company (Sipchem) suspended the Carbon Monoxide unit of International Gases Company (IGC) and the Acetic Acid unit of International Acetate Company (IAC) for scheduled periodic maintenance. The …
Corporate Actions
Photo Credit: Company Website
9 May 2017 05:29 PM Sipchem profits surge 86% in Q1-17
Riyadh - Mubasher: The financial statements of Saudi International Petrochemical Company (Sipchem) showed a rise in profits in the first quarter of 2017 by 86.4% year-on-year, 187.5% and quarter-on-quarter. The company said in a statement to the …
Financial Results
(Photo archive)
25 January 2017 10:49 AM Al Rajhi Capital maintains 'Overweight' on Sipchem
Riyadh - Mubasher: Al Rajhi Capital remained its rating on Saudi International Petrochemical Company (Sipchem) at “Overweight,” with a target price (TP) of 20.04 per share. Sipchem reported a jump in net profits by 101.2% in the fourth quarter of …
Ratings
Profits decreased by 75.5% in 2016 and totalled SAR 70 million - (Photo Credit: Arabianeye-Reuters)
18 January 2017 06:25 PM Sipchem profits up 101% in Q4
Riyadh - Mubasher: Saudi International Petrochemical (Sipchem) reported a jump in net profits by 101.2% in the fourth quarter of 2016 to SAR 52.3 million ($13.95 million) compared to SAR 26 million ($6.93 million) in the same quarter in 2015. …
Financial Results
Most of the stocks have already reached our target prices (Photo Credit: Arabianeye-Reuters)
11 December 2016 08:07 AM Al Rajhi Capital rates “Neutral” on 5 petrochem stocks
Riyadh – Mubasher: Al Rajhi Capital rated “Neutral” on five Saudi-listed petrochemical stocks, according to a report. The stocks are Saudi Basic Industries Corp (SABIC), Yanbu National Petrochemicals Co. (Yansab), Advanced Petrochemical, National …
Ratings
Sipchem unit signs SAR 542m contract with Korean company
8 December 2016 03:29 PM Sipchem unit signs SAR 542m contract with Korean company
Riyadh – Mubasher: Saudi International Petrochemical (Sipchem) said its subsidiary - International Methanol Company has signed SAR 542,602 million EPC contract with Korean based – eTec. The Korean company will carry out the engineering, …
Companies Investments
Sipchem reported net losses of SAR 59 million in Q3-16- (Photo archive)
6 November 2016 10:55 AM Al Rajhi Capital upgrades rating on Sipchem to ‘Overweight’
Riyadh - Mubasher: Al Rajhi Capital upgraded its rating on Saudi International Petrochemical Company (Sipchem) to “Overweight” from “Neutral,” with a target price (TP) of 16.1 per share. In view of the recent performance and the net debt level of …
Stock Evaluations
Total cost of the plant is around SAR 110 million - (Photo Archive)
1 November 2016 07:43 AM Sipchem starts commercial operation at tools manufacturing plant
Riyadh – Mubasher: Saudi International Petrochemical (Sipchem) announced the commencement of the commercial operation of tools manufacturing facility and industrial parts on Tuesday. The factory is owned by the Saudi Specialized Products Company, …
Companies Investments
Al Jazira Capital maintained the "Overweight” recommendation on Sipchem- Photo Archive
25 October 2016 09:19 AM Sipchem posts disappointing results in Q3 – Al Jazira Capital
Riyadh - Mubasher: Saudi International Petrochemical Company (Sipchem) reported net losses of SAR 59 million in the third quarter of 2016 against a net profit of SAR 71.6 million in Q3-15. The weak performance was attributed to lower average …
Stock Evaluations
Net profits decreased by 93.25% in 9 months - (Photo Archive)
19 October 2016 03:58 PM Sipchem turns to losses in Q3
Riyadh - Mubasher: Saudi International Petrochemical Company (Sipchem) reported net losses of SAR 59 million ($15.73 million) in the third quarter of 2016 against a net profit of SAR 71.6 million ($19 million in the third quarter of 2015. Losses …
Financial Results
The financial impact was estimated by SAR 17 million- (Photo Archive)
22 August 2016 03:40 PM Sipchem unit’s plant resumes operation
Riyadh – Mubasher: Saudi International Petrochemical (Sipchem) announced that the technical issue at Carbon Monoxide Plant of its International Gasses Company (IGC) has been resolved and it resumed operation. “Acetic Acid of the International …
Companies Investments
The incident led to the reduction of operating capacity of Acetic Acid of IAC- (Photo Archive)
14 August 2016 09:06 AM Saudi Sipchem reports technical issue at IGC plant
Riyadh – Mubasher: Saudi International Petrochemical (Sipchem) announced that a technical issue took place at the Carbon Monoxide plant of its International Gases Company (IGC) on Thursday 11 August. The incident led to the reduction of operating …
Companies Investments
Three companies acquired 83.5% of the sector's total profit
31 July 2016 00:45 PM Saudi petchem sector’s Q2 profit falls to SAR 6.8bn
By: Thabet Shehata Riyadh – Mubasher: Profits of petrochemical companies listed on the Saudi Stock Exchange (Tadawul) retreated during the second quarter of the fiscal year 2016 by 19.7% to SAR 6.76 billion ($1.80 billion), versus SAR 8.42 billion …
Sector Reports
The drop in profits was due to lower profit margin as sales decreased (Photo Archive)
27 July 2016 10:11 AM Sipchem’s Q2 profits fall 76% YoY
Riyadh – Mubasher: Saudi International Petrochemical (Sipchem) posted a plunge of 76% in net profits of the second quarter of 2016 as compared to the same period in 2015, and a 49% decline in Q2 versus the previous quarter. Sipchem’s earnings …
Financial Results
Q1 net profit is SAR50.7 million
19 April 2016 07:52 AM Sipchem profits shrink 37% in Q1
Riyadh – Mubasher: Saudi International Petrochemical (Sipchem) achieved a net profit of SAR50.7 million ($13.52 million) in the first quarter of 2016, 37% down from SAR80.6 million ($21.49 million) gained a year earlier. Lower profitability is …
Financial Results