Sipchem manufactures and markets methanol, butanediol, tetrahydrofuran, acetic acid, acetic anhydride, vinyl acetate monomer, and carbon monoxide through its various affiliates. The company has sixteen subsidiaries, eleven of which are 100 percent owned, involved in the manufacturing and sale of various petrochemical products including low-density polyethylene, polyvinyl acetate, polyvinyl alcohol, ethyl acetate, butyl acetate, and polybutylene terephthalate.
The company was listed on the Saudi Tadawul on September 9, 2006. The company's capital is SAR 7.33 billion and its shares are traded on the main market under the basic materials sector with the symbol (2310). The company has approximately 1,927 employees and reported $2 billion in revenue. The Al-Jubail Complex started commercial operations in 2004.
One of the major milestones in Sipchem's journey was the merger of the Saudi International Petrochemical Company and Sahara Petrochemical Company in 2019, forming a stronger national entity. Recent developments include the reappointment of Khalid Al-Zamil as Chairman in December 2025, and Ibrahim Al-Rushoud taking the role of CEO in September 2025. In July 2026, Sipchem completed the expansion project at the ethylene cracker plant operated by its key venture, the Saudi Ethylene and Polyethylene Company (SEPC), and commenced trial production.
Facts compiled by Executive Moves from publicly available news and press releases on 19 October 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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