Industry, Logistics & Shipping

Sipchem honoured for backing sustainable projects

Saudi Arabia-based Sipchem, a world-class integrated petrochemical leader, was recently honoured for its continuous efforts in supporting sustainable projects in cooperation with Jana Center, a Bena’a productive families center.

Jana Center recently celebrated the fundraising of SR1 billion ($266 million) as an investment portfolio aimed at supporting small and medium-sized enterprises (SMEs).

Jana Center is one of Sipchem's strategic partners. Sipchem works closely with the Center to empower women socially and economically through social responsibility initiatives, most notably is the establishment of a loans portfolio to support 85 women in SMEs.

Sipchem has also sponsored the Jana project to support street vendors by offering dedicated sales kiosks in an initiative to eliminate random selling.

Saleh Bahamdan, CEO of Sipchem, said: “Sipchem is always committed to empowering women and supporting their professional development. Sipchem adopts and implements several policies and initiatives aimed at enhancing women’s ability to deliver and effectively participate in the Saudi economy.”

“We are pleased to work with the Jana Center, which is one of the most prominent programs supporting families in need. Our mutual aim is to reduce poverty and unemployment in the community and empower Saudi women, in line with Vision 2030objectives to achieve social and economic prosperity,” he added.

Jana Center was established in 2010 a socio-economic project that provides goodwill credit services for women to establish businesses to ensure the improvement of their financial statuses as well as occupying a more effective position in society.  – TradeArabia News Service