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Inclusion in the MSCI EM Index is an unprecedented milestone for Saudi Arabia, and Sipchem is proud to be a part of this major achievement for the Saudi market among other Saudi companies included to the index, said the company in a statement.
According to Sipchem, the financial impact of the project will be reflected in Q3 2019 financial results.
The deal was signed on May 30 by Abdullah Al-Saadoon, Sipchem CEO, and Hussain Al-Qahtani, the President of SASREF, Sipchem said in a filing to the Saudi Stock Exchange (Tadawul).
CSR Initiative of the Year Winner : Innovation Club by Sipchem
Sipchem, a globally recognised chemical company, recently announced the commercial operation of its polybutylene terephthalate plant (PBT) in Jubail Industrial City.
LONDON: Saudi petrochemical producer Sipchem said its third-quarter profits surged by about half to SR180.3 million ($47.9 million) amid a brace of strong earnings from the sector.
Saudi International Petrochemical Company (Sipchem) has announced that the polybutylene terephthalate (PBT) plant, owned by Sipchem Chemical Company, an affiliate of Sipchem, has commenced commercial operations.
The post Saudi Arabia's Sipchem promotes education and technical innovation appeared first on tahawultech.com.
The EVA plant is part of Sipchem's $4bn Phase-III expansion to its facilities at Jubail.
"SIPCHEM has embraced strong principles related to safety, and is dedicated to protecting its employees," said Ahmad A.
Sipchem also participated in the exhibition by installing an attractive booth that was visited and appreciated by several hundreds of visitors.
In a statement to the Tadawul (Saudi stock market), Saudi International Petrochemical Company (Sipchem) announced the successful completion of a Shari'ah-compliant Sukuk issuance amounting to SAR 1.0 billion on 16 June 2016.
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- Siparis, Iuozas
- Siparis, Iuozas Vintsovich