Saudi International Petrochemical Company

Sipchem is saudi arabia s leading petrochemical and chemical manufacturing company.

Saudi international petrochemical company. Saudi international petrochemical company sipchem last year completed its buyout of the saudi sahara petrochemical in a multi billion dollar deal. Saudi international petrochemical company sipchem is a saudi joint stock company owned jointly by private sector investors of saudi arabia and gcc countries. Sahara international petrochemical company operates as a petrochemical company. It was followed by saudi aramco buying a majority stake in the kingdom s largest chemical maker in a deal that was valued at about 70 billion.

Sahara international petrochemical co owns operates and manages industrial projects relating to chemical and petrochemical industries. Saudi industrial investment group and national petrochemical co. Started talks to merge potentially creating a firm with 11 billion in assets as middle eastern energy companies assess their. It was incorporated on 22 december 1999 with a paid in capital of sr 500 million.

Saudi international petrochemical general information description. National petrochemical s shares climbed 21 this year while saudi industrial fell 4 2. Saudi aramco the world s biggest oil. Sahara international petrochemical markets its.

Last year saudi international petrochemical co. The company operating segments include basic chemicals intermediate chemicals polymers marketing and corporate and others.