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FAQs

"Sipchem" was established according to the decision of the Minister of Commerce & Industry in December 22, 1999 and the term of the company is 99 years.

"Sipchem" code number in the Tadawul is 2310.

Number Name Ownership Percentage Domicile
1 Al Zamil Group Holding Company 9.69 Saudi Arabia
2 Ikarus Petrochemicals Holding Co 8.16 Kuwait
3 Public Pension Agency 7.74 Saudi Arabia
4 Al-Olayan Financing Co. Ltd. 5.16 Saudi Arabia

All Saudi citizens and GCC citizens have the right to own Sipchem shares, also the Residents in KSA and Foreigners have the right to trade in Sipchem share according to the conditions and rules stipulated by the Capital Market Authority (CMA).

Yes, that is possible, but according to the rules stipulated by the Capital Market Authority and by coordination with 'Sipchem'.

The Ordinary General Assembly meeting is convened during the six month period following the end of the financial year of Sipchem.

Any shareholder who owns twenty shares or more has the right to attend both ordinary and extraordinary General Assembly meetings, and the shareholder has the right to issue a proxy to another shareholder, who is not a member of Sipchem Board of Directors or one of Sipchem employees, to attend the General Assembly meeting.

Sipchem capital is SR 7,333,333,320, and is fully paid.

Sipchem is located in Al-Jubail Industrial City in the Eastern Province of Saudi Arabia.

Yes, Sipchem exports its product to more than 30 countries in the world.

Yes, it is certified by ISO 9001 and ISO 14001.