www.sipchem.com may contain improper references to self published sources . please help improve it by removing references to unreliable sources where they are used inappropriately . march 2008 learn how and when to remove this template message saudi international petrochemical company sipchem type joint stock company founded 1999 ; 17 years ago 1999 headquarters saudi arabia key people abdulaziz al zamil chairman ahmad al ohali ceo website http www.sipchem.com saudi international petrochemical company sipchem is a saudi joint stock company owned jointly by private sector investors of saudi arabia and gcc countries . it was incorporated on 22 december 1999 with a paid in capital of sr 500 million . the share capital was initially increased in 2003 by issuing 3 million shares thereby raising the capital to sr 650 million . subsequently in april 2005 the share capital was further raised for the second time by sr 850 million resulting in a total share capital of sr 1.500 billion . sipchem has chosen jubail industrial city to build its industrial complex for producing various chemicals because this city is considered one of the leading industrial areas in the world having all necessary infrastructure for such large projects . the availability of raw materials in the eastern province the presence of saudi aramco that supplies required feedstocks at very competitive prices and in large quantities the ease of export from the city via kfip and its relative proximity to south eastern asian countries to which most petrochemicals are exported are other reasons for this choice . references edit external links edit sipchem website retrieved from https en.wikipedia.org w index.php title saudi international petrochemical company & oldid 734576360 categories 1999 establishments in saudi arabiacompanies established in 1999companies listed on tadawulcompanies of saudi arabiapetrochemical companieshidden categories articles lacking reliable references from march 2008 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages edit links this page was last modified on 15 august 2016 at 08 06 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view