Shares of Sipchem hit all-time high

Sipchem headquarters

Shares of Sahara International Petrochemical Co. (Sipchem) rose to their highest levels since debut at SAR 49.80 on the Saudi Exchange (Tadawul), today, March 2.

The stock closed more than 1% higher at SAR 49 – the highest close since listing - with a trading volume of around 7 million shares.

Sipchem was established in 1999 and listed on Tadawul in 2006.

In May 2019, the company merged with Sahara Petrochemical Co. in a share swap offer, following which Sahara Petrochemical was delisted from Tadawul.

Sipchem mainly invests in petrochemicals, chemicals as well as core and intermediate hydrocarbons for the production of chemicals that are used in the manufacturing of several products.

Sipchem Share Performance
Annual high (SAR)	49.80	Today, March 2, 2022
Annual low (SAR)	18.98	March 4, 2021
Historical high (SAR)	49.80	Today, March 2, 2022
Historical low (SAR)	9.75	Jan. 21, 2016
Highest trading volume (mln shares)	51.6	Nov. 11, 2006

Key Financial Indicators
EPS (last 12 months) (SAR)	5.28
P/E (last 12 months) (x)	9.28
Book value (SAR)	19.89
P/B ratio (x)	2.46

The company increased its capital four times, bringing the current capital to SAR 7.3 billion, as the following table shows:

Amendments to Capital (SAR mln)
Date	Hike Method	Old Capital	New Capital	Variation
2019	Acquisition	3666.7	7333.3	+100%
2011	Bonus Shares	3333.3	3666.7	+10%
2008	Rights Issue	2000	3333.3	+67%
2007	Bonus Shares	1500	2000	+33%

Saudi Stocks Trading

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