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saudi international petroche (2310) Details

Saudi International Petrochemical Company owns, establishes, operates, and manages industrial projects primarily in the chemical and petrochemical industries in the Kingdom of Saudi Arabia and internationally. The company, together with its subsidiaries, manufactures and markets methanol, maleic anhydride, butanediol, tetrahydrofuran, carbon monoxide, and gamma butyrolactone; and acetic acid, acetic anhydride, and vinyl acetate monomer, as well as ethyl and butyl acetates. It also offers low density polyethylene (LDPE), ethylene vinyl acetate, cross linkable and semi-conductive LDPE compounds, and polybutylene terephthalate. The company was founded in 1999 and is based in Al Khobar, the Kingdom of Saudi Arabia.

Founded in 1999

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saudi international petroche
Saudi International Petrochemical Co Reports Earnings Results for the Year 2016

Saudi International Petrochemical Co reported earnings results for the year 2016. For the year, the company reported net profit of SAR 70 million. Net sales fell by 4.2% compared to the end of 2015 due to a decrease in sales prices for all of Sipchem's products. Operating profit slumped to SAR 416.6 million, a 27% year-on-year decline on the SAR 573.4 million posted in 2015.

Saudi International Petrochemical Co Approves Board Changes

Saudi International Petrochemical Co announced that at Ordinary General Assembly Meeting held on December 7, 2016, the shareholders of the company approved the election of Mr. Abdullah A. Al-Hariri as Secretary of the Board; Eng. Abdulaziz A. Al-Zamil, Eng. Ahmad A. Al-Ohali, Eng. Reyadh S. Ahmed, Mr. Fahad S. Al-Rajhi, Mr. Ayedh M. Al-Qarni and Mr. Bandar A. Masoudi to The Executive Committe; Eng. Abdulaziz A. Al-Zamil, Dr. Sami M. Zaidan, Dr. Abdulrahman A. Al-Jafary, Mr. Fahad S. Al-Rajhi and Mr. Ziad A. Al-Turki to The Nomination and Remuneration Committee. The resolution to appoint two representatives, to act as its representatives of Capital Market Authority (CMA) as follows: Eng. Ahmad A. Al-Ohali, Board Member; and Mr. Abdullah A. Al-Hariri, Corporate Communication & Affairs General Manager.

Saudi International Petrochemical Company, Annual General Meeting, Dec 07, 2016

Saudi International Petrochemical Company, Annual General Meeting, Dec 07, 2016, at 18:30 Arab Standard Time. Location: Marriott Hotel Riyadh Saudi Arabia


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