An identity we shaped
As one of the leading and most ambitious petrochemical companies in the world, Sipchem strives to deliver excellence through our sustainable, high-quality polymer and petrochemical products. Our consistent growth and success since Sipchem’s inception in 1999 have enabled us to achieve a market presence spanning more than 100 countries with over 15 products and 1,442 employees from 27 nationalities. One of the major milestones in our journey has been the merger of Saudi International Petrochemical Company and Sahara Petrochemical Company in 2019 to form a stronger national entity.
Today, our assets are worth $6.3 billion, and our market value is around $5.3 billion. We are listed on Tadawul and included in the MSCI Emerging Markets Index. Our business strategy is fully aligned with Saudi Vision 2030, and we are proud to have been recognized as one of the top 100 companies in Saudi Arabia under the $1.3 trillion Shareek private sector investment program.
Establishment of IMC and IDC
IPO valued at SAR 2.5bn IGC, IAC, IVC established
Al Waha, TSOC, SEPC
SMC, IPC, IUC, GACI, SCC Capital increase to SAR 3.6bn
SAPCO & SABUCO establishedSaharaMarketing Company
Discussions resumed to merge with sipchem, in line with ‘Vision2030’
What We Strive For
To be a recognized leader in growth, excellence and partnerships in the chemicals industry.
To continuously create value through sustainable, innovative and quality products relying on our growing capabilities and motivated employees.
We adopt an attitude of courage to confront the wrong in all its forms, improve the environment, take risks, seek innovative solutions, try bold ideas, challenge the norm, and ensure all our people are treated with dignity and respect.
We adapt to change that occurs in the environment and we respond effectively to the changing expectations of our stakeholders. We posses the right attitude and speed that improves the flow of value to the market as well as to internal customers no matter what challenges come our way.
We exhibit high positive energy which fuels our drive for achieving our strategic goals & objectives and helps us generate inner enthusiasm to overcome challenges that come our way. Our passion inspires loyalty and engagement.
We achieve real results through genuine collaborative teamwork. Through the power of working together, we capture effective synergies; leading to boosting of our people’s productivity, engagement, and creativity.
For over two decades, we at Sipchem have demonstrated the ability to evolve and transform as a company. From our humble beginnings commissioning our first plant in 2004, to the first of its kind merger of equals between Sipchem and Sahara Petrochemical company in 2019 – our focus on growth, value creation, operational excellence and safety has always been our priority. We are proud that our success story has positioned us as a leader in Saudi Arabia’s private sector and the global petrochemical industry, resulting in Sipchem being recognized as one of the top 100 companies in Saudi Arabia under the Shareek program.
As a leading player in one of the key sectors under Vision 2030, Sipchem continues to strengthen our investments, contribute to localization, and improve product innovation and operational excellence while solidifying our position as a petrochemical provider of choice for customers around the world.
Our state-of-the-art manufacturing capabilities create a positive impact on the lives of people worldwide every day. Our relentless focus on fulfilling the current and future needs of our customers is driven by the Sipchem Technology and Innovation Center (Manar), our cutting-edge R&D facility.
Sustainability and Corporate Social Responsibility (CSR) are at the heart of Sipchem’s philosophy, and our various initiatives have touched the lives of 2.3 million beneficiaries to date. A diverse workforce comprising over 27 nationalities drives our industry-leading capabilities. At the same time, we actively encourage Saudi nationals and women to join our growing talent pool.
With our boundless enthusiasm for progress, growing capabilities, expanding product portfolio, increasing market presence, and strengthening global partnerships, the future holds promising opportunities for Sipchem.