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Saudi International Petrochemical Company (Sipchem)

#2810

Rank

$4.85B

Marketcap

SA Saudi Arabia

Country

Saudi International Petrochemical Company (Sipchem)
Leadership team

Engineer Abdullah S. Al-Saadoon (COO & CEO)

Mr. Rushdi K. Al-Dulijan (VP of Fin.)

Mr. Samir J. Al-Jishi (Gen. Mang. of Strategy and Bus. Devel.)

Products/ Services
Chemical, Manufacturing
Headquarters
Al Khobar, Ash Sharqiyah, Saudi Arabia
Established
1999
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
2310.SR
Social Media
Overview
Location
Summary
Sahara International Petrochemical Company owns, establishes, operates, and manages industrial projects related to chemical and petrochemical industries in the Kingdom of Saudi Arabia and internationally. The company operates through Basic Chemicals, Intermediate Chemicals, Polymers, Trading, and Corporate and Others segments. It offers basic products, including methanol, butane, tetrahydrofuran, maleic anhydride, carbon monoxide, and gamma butyrolactone; and intermediate products, such as acetic acid, acetic anhydride, vinyl acetate monomer, dichloroethane, and caustic soda, as well as ethyl and butyl acetates. The company also provides polymer products consisting of low-density polyethylene (LDPE), ethylene vinyl acetate, polyvinyl acetate, polyvinyl alcohol, cross linkable and semi-conductive LDPE compounds, polypropylene, and polybutylene terephthalate. In addition, it markets and distributes other petrochemical products; offers electrical connecting wire products; and manufactures and sells molds and dies, and related services, as well as produces ethylene-vinyl acetate films. The company was formerly known as Saudi International Petrochemical Company and changed its name to Sahara International Petrochemical Company in May 2019. Sahara International Petrochemical Company was incorporated in 1999 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.
History

SIPCHEM was established in 1999 as a Saudi Closed Joint Stock Company. It commenced its operations in 2003, following the completion of two of its world-scale joint venture projects with distinguished partners.

Mission
SIPCHEM’s mission is to become a leading integrated petrochemical, chemical and specialty and value-added products manufacturer in the Middle East and North Africa.
Vision
SIPCHEM’s vision is to become a global leader in the production and marketing of chemical and petrochemical products.
Key Team

Mr. Matar Atshan Al Dhufairi (Commercial Sector VP)

Mr. Faisal M. Al-Modlij (GM of Corp. Affairs & Governance and Board Sec.)

Mr. Khaled S. Al-Dossary (Gen. Mang. of Marketing Company)

Recognition and Awards
SIPCHEM has won numerous awards for its dedication to integrity, prosperity and sustainability, such as the “Best Corporate Governance from the European Union” award in 2017, “The Most Attractive Company” award from the Saudi Stock Exchange in 2018, and the “Best Environmental Performance” award in 2020.
References
Saudi International Petrochemical Company (Sipchem)
Leadership team

Engineer Abdullah S. Al-Saadoon (COO & CEO)

Mr. Rushdi K. Al-Dulijan (VP of Fin.)

Mr. Samir J. Al-Jishi (Gen. Mang. of Strategy and Bus. Devel.)

Products/ Services
Chemical, Manufacturing
Headquarters
Al Khobar, Ash Sharqiyah, Saudi Arabia
Established
1999
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
2310.SR
Social Media