Sipchem Sponsors and Participates in the 14th GPCA Annual Forum
Thursday, December 05, 2019
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Sipchem sponsored the 14th GPCA Annual Forum which was organized by Gulf Petrochemical and Chemical Association and held in Dubai from 3rd to 5th December 2019.
Furthermore, the late Sipchem Chairman, H.E. Eng. Abdulaziz bin Abdullah Al-Zamil, a pioneer in the global and regional chemical industry, was honoured at a special award ceremony and bestowed with the GPCA Legacy Award “Al-Rowad”, for his lifetime achievements and outstanding contributions to the growth and development of the chemical and petrochemical industry in the Kingdom.
The appointed Chairman, Eng. Khalid A. Al-Zamil, said during the ceremony: “I would like to thank the Legacy Award Committee for this award, Al-Zamil’s dedication to the Kingdom’s continued prosperity has not only elevated the economy, but the entirety of our nation. We will aim to carry on his fortitude and innovation throughout Sipchem”
The main purpose behind Sipchem’s participation is to raise awareness on the precedent of the first-ever petrochemical merger of equals of two leading publicly listed entities in Saudi Arabia, Sahara Petrochemicals and Sipchem, which highlighted 14 successful years of shaping strategic partnerships, strong advocacy and thought leadership. Similarly, Sipchem sponsored 5 bright students from Saudi Universities to partake in the forum, provide a platform for their ideas and innovations.
During the forum, Eng. Saleh Bahamdan, Chief Executive Officer of Sipchem, and Executives were in attendance engaging with respective clients and more. Eng. Bahmadan was at the forefront of the forum, with a presentation on “Merger of equals: Capturing the full potential of the Sipchem merger”, where he provided personal and institutionalized lessons from the merger, in addition to its impact on the region, on the short-term and the long-term.
Eng. Saleh Bahamdan commented during his presentation: “We would like thank the GPCA for providing a unique platform for us to emphasize our trajectory, advancing us towards new competitive landscapes, partnerships and opportunities on the short-term and the long-term. Moreover, the principle of ‘Strategic Partnership’ has helped us create measurable value to our shareholders and others alike, this guided us to proceed with the first-ever petrochemical merger of equals.”