Thursday 28 August 2014
 
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sipchem

Sipchem Q2 net profit jumps 41pc

Saudi International Petrochemical Co (Sipchem) beat analysts' forecasts with rises in profit margins and sales on Sunday as second-quarter net profit jumped 41 per cent. Sipchem made a profit of 244.6 million riyals ($65.3 mil

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No change in Sipchem growth plans: CEO

Saudi International Petrochemical Co (Sipchem) said its performance and growth plans remain on track despite the recent decision to end merger talks with Sahara Petrochemical. The duo said on Sunday they had decided to postpone me

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Sipchem, Sahara call off merger talks

Saudi International Petrochemical Co (Sipchem) and Sahara Petrochemical called off their proposed merger on Sunday, citing an inadequate regulatory framework in the kingdom for the collapse. The tie-up, which would have created a

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Sipchem, Sahara call off merger talks

Saudi International Petrochemical Co (Sipchem) and Sahara Petrochemical called off their proposed merger on Sunday, citing an inadequate regulatory framework in the kingdom for the collapse. The tie-up, which would have created a

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Sipchem Q1 net profit rises 6.5pc

Saudi International Petrochemical Co (Sipchem) missed analysts' forecasts by a wide margin on Thursday after unplanned shutdowns limited its first-quarter net profit increase to 6.5 percent. Sipchem made a profit of 68.7 milli

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Saudi petchem giants eye share-swap merger in 2014

Saudi Arabia's Sahara Petrochemical and Saudi International Petrochemical Company (Sipchem) hope to complete a share-swap merger in the first half of 2014 that would create a firm valued around $5 billion. The duo said in bour

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Sipchem Q2 net profit rises 28 pct

Saudi International Petrochemical Co (Sipchem) posted a 27.9 per cent rise in second-quarter net profit on Wednesday, which it attributed to higher sales and improvements made to its plants during the first three months of the year.

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Sipchem picks HSBC as adviser for Sahara merger

Saudi International Petrochemical Co (Sipchem) has picked HSBC Holdings to advise on the firm's proposed merger with Sahara Petrochemical , three banking sources said. Mergers between two listed Saudi entities are rare: consol

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Sipchem unit secures loan for new project

Saudi International Petrochemical Company (Sipchem) said its affiliate, International Polymers Company (IPC), has signed a SR704 million ($188 million) loan deal with the Public Investment Bank (PIF) to fund its

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Petchem duo Sahara, Sipchem mull merger

Saudi Arabia's Sahara Petrochemical and Saudi International Petrochemical Co (Sipchem) said on Tuesday they had begun initial talks on a potential merger.   The Zamil Hol

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