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Saudi Sipchem Q1 net profit plunges 58pcSaudi International Petrochemical Company (Sipchem) posted a 57.5 per cent fall in first-quarter net profit on Sunday, citing shutdowns at a number of plants during the period for the decline in earnings. The firm reported a net p More… |
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Sipchem units sign $280m refinancingThree affiliates of Saudi International Petrochemical Company (Sipchem) have refinanced loan facilities worth 1.04 billion riyals ($276 million) which were used to fund their key projects, Sipchem More… |
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Sipchem inks $373m loan deal for key projectSaudi International Petrochemical Company (Sipchem) said on Saturday its polymers affiliate has signed a SR1.4 billion ($373.3 million) loan agreement to finance the construction of a petrochemical project in Saudi Arabia. The Islami More… |
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Sipchem eyes up to $530m from bondSaudi International Petrochemical Co (Sipchem) expects to raise up to 2 billion riyals ($533.3 million) from a planned Islamic bond offering to fund plant expansions, its chief executive said. Sipchem, which plans to part-finance three pro More… |
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Sipchem sukuk issue wins approvalSaudi International Petrochemical Co (Sipchem) has been given regulatory approval to issue an Islamic bond, or sukuk, it said on Sunday. The company said it would decide the size at a later stage after it got approval fr More… |
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Sipchem Q4 net more than doublesSaudi International Petrochemical Company (Sipchem) said on Sunday its fourth-quarter net profit more than doubled year-on-year to 125.1 million riyals ($33.36 million). Sipchem made a net profit of 56.5 million riyals in the fourth quarte More… |
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S Korea firm wins $385m Saudi plant orderSouth Korea's GS Engineering and Construction said on Thursday that it had won a $385 million order to build a petrochemicals plant in Saudi Arabia. Saudi International Petrochemical Co (Sipchem) said on Wednesday its affiliate awarded More… |
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Sipchem plans $400m sukukSaudi International Petrochemical Co (Sipchem) plans to raise at least 1.5 billion riyals ($400 million) by the first quarter of next year to finance expansion, the firm said on Tuesday. 'We are expecting to raise a minimum of 1.5 bill More… |
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Sipchem says China won't impose methanol dutySaudi International Petrochemical Company (Sipchem) said on Saturday China had decided not to impose any anti-dumping duties on methanol exports from the kingdom. In June 2009, China said it had begun an anti-dumping investigation into met More… |
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Saudi Sipchem Q3 net profit up 54pcSaudi International Petrochemical Co (Sipchem) on Sunday posted a 54-percent rise in third-quarter net profit, partly on higher sales volumes and prices. Sipchem's results, which came mainly on the back of higher butanediol petrochemic More… |
