• Sahara Petrochemicals Company
  • Sahara Petrochemicals Company
  • Sahara Petrochemicals Company
  • Sahara Petrochemicals Company
  • Sahara Petrochemicals Company
  • Sahara Petrochemicals Company
  • Sahara Vision

    To be a preferred manufacturer and marketer of chemical products and build effective strategic alliances
  • Sahara Mission

    To manufacture and market quality chemical products that are in compliance with applicable local and international regulations.
    To achieve sustainability that meets customers and shareholders expectations through an efficient, motivated and productive organization.

Sahara Petrochemicals Company announces its position with regards to the recent media speculations relating to the potential business merger with Saudi International Petrochemical Company

June 04 2018

 

 

Reference is made to the recent media speculations regarding the potential merger with Sipchem which included information relating to the procedures, terms, structure and phases of the proposed merger, Sahara would like to confirm that it has not reached any agreement with Sipchem with respect to these matters and that the negotiations with Sipchem are still ongoing regarding the potential merger conditions and its structure including the valuation of the two companies which will determine the number of shares that the offeror company will issue to the shareholders of the offeree company if the merger iscompleted.

Sahara also would like to confirm that it will duly announce any material developments regarding the potential merger in accordance with the relevant laws and regulations.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

 
With Regard 
Public Relations 

 

 

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