FAQs

1.When was "Sipchem" established?

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

2.What is the entity code number of "Sipchem" in the Tadawul?

"Sipchem" code number in the Tadawul is 2310.

3.Who are the largest company owners?

 
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

4.Who have the right to own 'Sipchem' share?

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).

5.May "Sipchem" shares be assigned from one person to another?

Yes that can be done but according to the rules stipulated by the Capital Market Authority and by coordination with 'Sipchem'

6.When is the Ordinary General Assembly meeting conducted?

The ordinary general assembly meeting is convened during the six month period following the end of the financial year of Sipchem.

7.Who is entitled to attend both ordinary and extraordinary General Assembly meetings, and is proxy permitted?

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.

8.How much is the capital of Sipchem?

Sipchem capital is SR 3,666,666,666, and is fully paid.

Corporate Governance

Report not available