11 Jun 2014
(MENAFN) Saudi International Petrochemical Co (Sipchem) plans to keep proceeding in its performance and growth plans though it decided to cancel merger plans with Sahara Petrochemical, according to Arabian Business.
In June 2013, the two companies decided to postpone merger plans on bad regulatory framework.
If the merger had proceeded, it would have been only the second ever between listed Saudi firms and would have created a company with a market value of USD5.7 billion.
Ahmed al-Ohaly, chief executive officer of Sipchem, said: “I must stress that nothing has changed for our day-to-day business – our company’s growth ambitions remain the same.”
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more