Sahara International Petrochemical Co 2016 AR2
The report outlines Sipchem's financial and operational performance for the fiscal year 2016, highlighting a record total production of 2.7 million metric tons. Despite facing a challenging global market and a decline in net profit to SR 70 million, the company successfully completed its second Sukuk issuance of SR 1.0 billion. Sipchem also launched its first sustainability report and officially commenced operations at its Technology and Innovation Center (Manar). Additionally, the company increased its equity in the International Acetyl Company and the International Vinyl Acetate Company to 87%.
Company: Sahara International Petrochemical Co
Sector: Manufacturing
Country: Saudi Arabia
Year: 2016
Type: AR2
Pages: 57
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Sahara International Petrochemical Co
Annual Report
The report outlines Sipchem's financial and operational performance for the fiscal year 2016, highlighting a record total production of 2.7 million metric tons. Despite facing a challenging global market and a decline in net profit to SR 70 million, the company successfully completed its second Sukuk issuance of SR 1.0 billion. Sipchem also launched its first sustainability report and officially commenced operations at its Technology and Innovation Center (Manar). Additionally, the company increased its equity in the International Acetyl Company and the International Vinyl Acetate Company to 87%.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees