Shares of Sipchem hit all-time high

Logo of Sipchem

Shares of Sahara International Petrochemical Co. (Sipchem) rose to their highest levels since debut on the Saudi Exchange (Tadawul), at SAR 53.50, today, March 24.

The stock closed 4% higher at SAR 53.50 – the highest close since listing – with a trading volume of around 5.3 million shares.

Established in 1999 and listed on Tadawul in 2006, Sipchem merged with Sahara Petrochemical Co. in a share swap offer in May 2019, 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)	53.50	Today, March 24, 2022
Annual low (SAR)	20.00	March 25, 2021
Historical high (SAR)	53.50	Today, March 24, 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)	5.27
P/E (last 12 months) (x)	10.15
Book value (SAR)	19.89
P/B ratio (x)	2.69

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	3,666.7	7,333.3	+100%
2011	Bonus Shares	3,333.3	3,666.7	+10%
2008	Rights Issue	2,000	3,333.3	+67%
2007	Bonus Shares	1,500	2,000	+33%

Saudi Stocks Trading

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