On July 1, 2026, Sipchem announced the completion of construction works and commencement of trial production for the ethylene cracker plant expansion project at Saudi Ethylene and Polyethylene Company. This follows the company's previous announcement on December 24, 2023, regarding the production capacity increase at the joint venture facility where Sipchem holds a 32.55% stake through Tasnee & Sahara Olefins Company. The financial impact from this expansion project is expected to be reflected in the company's financial results starting from the third quarter of 2026.

Original announcement:

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.