Sipchem Loss Widens to 1.21B SAR in Nine Months
Riyadh, Saudi Arabia — Sahara International Petrochemical Company (Sipchem) reported a net loss of 1.21 billion SAR for the nine months ending September 30, 2026, a 173% deterioration from the 442.6 million SAR loss recorded in the same period last year. Supply chain disruptions, rising feedstock costs, and impairment charges on associate investments drove the […] The post Sipchem Loss Widens to…
Saudi petrochemical firm Sipchem reported a staggering 1.21 billion SAR net loss for the nine months ending September 30, 2026, a 173% increase from the 442.6 million SAR loss in the same period last year. Supply chain issues, surging feedstock prices, and impairment charges on associate investments were the primary culprits. Revenue slipped 32.8% year-over-year to 3.52 billion SAR as lower sales volumes outweighed modest price gains.
Gross profit plummeted 90.4% to just 23.2 million SAR, resulting in an operating loss 16.6% higher than in 2025.
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