Sahara International Petrochemical Company is a Saudi joint-stock company listed on the Saudi Stock Exchange 'Saudi Tadawul.' It was established on December 22, 1999, and is headquartered in al-Khubar City.
It was listed on the 'Saudi Tadawul' on September 9, 2006. Its shares are traded on the main market under the basic materials sector with the name (Sipchem), the symbol (2310), and International Securities Identification Number (ISIN) (SA000A0KFKK0) The company's capital is SAR7.33 billion.
The Sahara International Petrochemical Company has sixteen subsidiaries, eleven of which are 100 percent owned. The subsidiaries are involved in the manufacturing and sale of various petrochemical products, including methanol, maleic anhydride, butanediol, tetrahydrofuran, acetic acid (a colorless liquid that dissolves in water and most organic solvents), low-density polyethylene, polyvinyl acetate, polyvinyl alcohol, ethyl acetate, butyl acetate, polybutylene terephthalate, and others.
History of Sahara International Petrochemical Company
Sipchem was established in late 1999 as a Saudi closed joint-stock company, aiming to produce petrochemicals to supply global markets with high-quality basic and intermediate petrochemical products. It is also a holding company for a group of its subsidiaries. By providing high-quality products for export, Sipchem plays a significant role in leveraging the Kingdom of Saudi Arabia's vast natural resources of oil and hydrocarbons, harnessing them to serve the national economy.
Activity of Sahara International Petrochemical Company
Sipchem's main activity is investing in the petrochemical, chemical, and primary and intermediate hydrocarbon industries to produce chemicals used in the manufacture of numerous products. Sipchem forms strategic alliances with leading international partners that possess advanced global technologies and strong market positions.
Related quizzes
