Media Releases

SIPCHEM CONDUCTED ITS SECOND QUARTER 2017 FINANCIAL RESULTS EARNINGS CONFERENCE CALL WITH THE FINANCIAL ANALYSTS AND INVESTORS
Thursday, August 03, 2017

Saudi international Petrochemical Company (Sipchem) announces that it has conducted on Wednesday, August 2, 2017 the quarterly financial results earnings conference call with analysts and investment institutions to discuss its second quarter results ended on 30 June 2017.


The President of Corporate & Shared Services and CFO discussed the Company results and performance during the second quarter and addressed the queries of the attendees. The call was attended by local and international investors and analysts.

During the conference call, Sipchem emphasized its continued restructuring of its major activities and rejuvenate its approach to local and global markets, focusing on initiatives of cost saving and attract investment opportunities.

Earnings Call Presentation

 

Saudi International Petrochemical Co. announces the interim financial results for the period ending on 30-06-2017 (Six Months)
Wednesday, July 26, 2017

Saudi International Petrochemical Co. announces the interim financial results for the period ending on 30-06-2017 (Six Months)

SIPCHEM ANNOUNCES THE SIGNING OF CO2 SUPPLY AGREEMENT WITH SASREF
Wednesday, July 19, 2017

Saudi International Petrochemical Company (Sipchem) announces the signing of a long-term Agreement with Saudi Aramco Shell Refinery Company (SASREF) on July 18, 2017 for supplying its affiliate International Methanol Company (IMC) with Carbon Dioxide (CO2). Carbon Dioxide is an added feedstock which, is part of IMC Efficiency Enhancement Project, announced earlier on December 8, 2016. 

The signing of the agreement is a continuation of Sipchem efforts to utilize all available resources in the Kingdom through effective partnerships to maximize the added value of the company's products and increase the efficiency of its operations and its competitiveness. The agreement also demonstrates the commitment of both parties to the environment by reducing carbon dioxide emissions.

The financial impact for this agreement will reflect positively on 1st Q 2019 financial statement as IMC will begin to benefit from the supply of carbon dioxide during the first quarter of 2019.