1. Saudi Arabia Stocks

  2. •

    Process industries

  3. •

    Chemicals: specialty
Sahara International Petrochemical Company

Sahara International Petrochemical Company

TTADAWUL:2310
11.35
SAR
-0.15
(-1.30%)
-1.90EPS
10.49BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
11.1
11.25
9.59
9.59
12.16
13.73
9.37
7.31
13.32
14.14
10.51
9.74
9.39
7.67
Basic EPS, GAAP
1.69
1.65
0.79
0.12
1.19
1.59
0.52
0.24
4.94
4.96
1.62
0.59
-1.19
-1.92
Free Cash Flow per Basic Share
-2.09
0.29
-0.3
1.19
2.88
2.19
1.95
1.5
5.81
6.46
2.22
0.99
0.89
- -
Dividend per Share
1.35
1.25
1.25
- -
- -
1
1.17
0.5
2.25
3.25
2
1
1
0.5
Book Value per Share
15.8
16.28
14.33
14.36
15.59
16.18
18.21
17.73
19.89
21.56
21.23
20.78
18.59
17.48
Tangible Book Value per Share
15.27
15.97
13.86
13.95
14.45
15.13
16.9
16.35
18.2
19.94
19.63
19.18
16.92
15.86
Basic Weighted Avg Shares
367
367
367
367
367
367
581
728
727
725
725
725
725
725
Sales/Revenue/Turnover
4,072
4,124
3,515
3,515
4,459
5,036
5,440
5,323
9,687
10,254
7,618
7,061
6,810
5,562
Operating Margin (%)
28.54
28.56
16.31
12.44
21.06
22.29
16.66
6.76
46.06
39.47
18.63
9.67
-7.76
-5.86
Depreciation Expense
558
569
691
745
720
828
904
947
1,009
923
914
904
949
951
Net Income, GAAP
620
606
288
43
437
583
300
176
3,592
3,595
1,175
426
-860
-1,394
Effective Tax Rate (%)
8.17
9.27
8.23
44.35
12.49
13.34
37.25
69.09
10.07
5.52
0.58
- -
- -
- -
Profit Margin (%)
15.24
14.7
8.2
1.23
9.81
11.58
5.51
3.3
37.08
35.06
15.42
6.04
-12.64
-25.07
Working Capital
3,190
2,499
1,800
1,214
1,796
1,075
2,197
1,508
2,990
2,702
1,768
1,564
1,098
1,986
LT Debt
7,802
7,448
7,315
6,679
6,526
5,897
6,842
5,457
4,875
3,184
2,176
1,756
2,023
3,053
Total Equity
7,421
7,954
6,933
6,685
7,211
7,125
14,338
13,836
15,722
16,737
16,422
15,970
14,333
13,489
Return on Invested Capital (%)
7.06
6.65
3.33
1.62
5.58
6.58
3.13
0.51
17.86
17.99
7.03
- -
- -
- -
Return on Capital (%)
3.12
3.16
2.53
1.01
3.68
4.56
3.19
1.76
16.1
16.45
6.03
- -
- -
- -
Return on Common Equity (%)
10.87
10.31
5.14
0.82
7.98
10.03
3.11
1.34
26.05
23.66
7.49
2.77
-5.96
-9.87

Capital Structure

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
844
1,148
1,294
LT Borrowings
1,880
2,505
2,892
LT Finance Leases
144
141
161
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
733
733
733
Market Capitalization
11,000
11,865
10,494

Working Capital

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,964
4,907
5,257
Cash, Cash Equivalents & STI
1,386
2,401
2,521
Accounts Receivable, Net
1,202
944
975
Inventories
960
1,052
1,206
Total Current Liabilities
2,866
3,178
3,271
Payables & Accruals
- -
- -
- -
ST Debt
844
1,148
1,294
Deferred Revenue
- -
- -
- -

Growth Rates

SAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.6%
1.04%
-10.25%
Free Cash Flow
-17.74%
33.19%
-10.01%
Net Income, GAAP
228.31%
301.91%
-301.92%
Sales/Revenue/Turnover
9.69%
10.25%
-3.55%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,925
1,770
1,627
1,739
7,061
2025
1,970
1,906
- -
1,568
6,810
2026
1,227
861
- -
- -
- -

Quarterly Earnings Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.25
0.17
0.14
0.03
0.59
2025
0.27
-0.23
- -
-0.58
-1.19
2026
-0.3
-0.82
- -
- -
- -

Quarterly Dividends Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.5
1
2025
- -
- -
- -
0.5
1
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Ibrahim Abdulaziz Al-Rushoud
Full Time Employees
1,636
Sector
Process industries
Industry
Chemicals: specialty
Address
Sipchem Building Al-Khobar EP Saudi Arabia 11383
IPO Date
Sep 11, 2006
Website
sipchem.com
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Business
Sahara International Petrochemical Company (Sipchem) operates as a Saudi Arabian petrochemical company primarily engaged in the manufacturing and marketing of basic and intermediate petrochemical products. Its core product portfolio includes methanol, acetic acid, vinyl acetate monomer (VAM), ethylene vinyl acetate (EVA), polyvinyl acetate (PVAC), butanediol, tetrahydrofuran, maleic anhydride, carbon monoxide, gamma butyrolactone, acetic anhydride, and low-density polyethylene. The company serves diverse industries such as construction, solvents, electronics, polymers, paints, and pharmaceuticals, marketing its products across Europe, the Middle East, Africa, and the Far East. Sipchem operates key production facilities including the Al-Jubail Complex in Saudi Arabia. Founded in 1999 and headquartered in Riyadh, Saudi Arabia, Sipchem is the result of a strategic merger completed in 2019 between Saudi International Petrochemical Company and Sahara Petrochemicals Company. This merger created Sahara International Petrochemical Company (Sipchem) as an integrated entity with an expanded production capacity and a diversified petrochemical portfolio. The company has made significant recent investments in plant expansions such as increasing capacity for ethylene vinyl acetate and polypropylene, supported by new contracts and refinancing agreements totaling several hundred million Saudi riyals. In recent developments, Sipchem has entered a strategic joint venture with Linde for the production and supply of industrial gases aimed at supporting decarbonization efforts in the chemical and refining sectors within Saudi Arabia. The company also continues to pursue sustainable growth aligned with Saudi Vision 2030, focusing on innovation and operational excellence. Sipchem maintains subsidiaries including International Methanol Company, Gulf Advanced Cable Insulation Company, and others, reinforcing its presence in various petrochemical value chains and adjacent segments. Overall, Sahara International Petrochemical Company (Sipchem) is a leading integrated petrochemical producer in Saudi Arabia with a broad product range, strategic partnerships, continuous capacity expansions, and a commitment to sustainability and innovation in line with national economic objectives.