Sidi Kerir Petrochemicals Company (Sidpec) posted a 3.25% year-on-year (YoY) uptick in net profits after tax during 2024.

Sidi Kerir Petrochemicals Company (Sidpec) intends to establish a hydrogen-powered plant with a capacity of 14 megawatts in 2025.

Sidi Kerir Petrochemicals (Sidpec) targets achieving net income valued at EGP 1.64 billion for 2025

Sidi Kerir Petrochemicals (Sidpec) reported a 4.09% year-on-year increase in net profit after tax for the first nine months of 2024.

The Egyptian Exchange’s (EGX) Listing Committee has approved listing an increase of EGP 302.4 million for Sidi Kerir Petrochemicals’ (Sidpec) issued and paid-up capital.

Sidi Kerir Petrochemicals Company’s (Sidpec) ordinary and extraordinary general meetings (OGM and EGM) approved increasing the issued and paid-up capital by EGP 302.4 million distributed over 151.2 million shares at a par value of EGP 2 per share.

The all-share merger between state-owned Egyptian Ethylene and Derivatives Company (Ethydco) and Sidi Kerir Petrochemicals (Sidpec) is set to be completed next month, Al Borsa News reported citing unnamed sources familiar with the matter.

Sidi Kerir Petrochemicals Company’s (Sidpec) extraordinary general meeting (EGM) approved increasing the issued and paid-up capital by EGP 302.4 million distributed over 756 million shares at a par value of EGP 2 per share.

The all-share merger between state-owned Egyptian Ethylene and Derivatives Company (Ethydco) and Sidi Kerir Petrochemicals (Sidpec) has returned to the financial evaluation stage.

Sidi Kerir Petrochemicals Company (Sidpec) posted a 1.41% year-on-year (YoY) uptick in net profits after tax during the first half (H1) of 2024.

Sidi Kerir Petrochemicals Company (Sidpec) (SKPC) has posted a 7.58% year-on-year (YoY) increase in net profit after tax during the first quarter (Q1) of 2024, registering EGP 559.473 million, from EGP 520.067 million.

Sidi Kerir Petrochemicals Company (Sidpec) has decided to distribute cash dividends of EGP 1.25 per share to shareholders for 2023, according to a disclosure on April 30th.

Sidi Kerir Petrochemicals Company (Sidpec) has signed a memorandum of understanding (MoU) with the greentech firm Hitachi Zosen Inova AG to provide the engineering designs needed for the establishment of Sidpec’s methane production unit.

Sidi Kerir Petrochemicals (Sidpec) posted a 98.63% year-on-year increase in net profits after tax in 2023.

Sidi Kerir Petrochemicals (Sidpec) reported a 143.7% year-on-year increase in net profit after tax for the first nine months of 2023.

Established in 1997, Sidpec is an EGX-listed company that operates within the materials sector focusing on commodity chemicals. It has subsidiaries operating across Egypt, working on textiles and oil and gas refining.

The postponement will be until finalizing procedures for a strategic investor studying the acquisition of stake in ETHYDCO through the partial exit of some of the company’s shareholders.

Established in 1997 and listed in 2005, Sidi Kerir Petrochemicals, commonly known as SIDPEC, operates within the materials sector focusing on commodity chemicals. It has subsidiaries operating across Egypt, working on textiles and oil and gas refining.

Sidi Kerir Petrochemicals Company’s (Sidpec) board has approved the financial evaluation study conducted on a proposal for the acquisition of the Egyptian Ethylene and Derivatives Company (ETHYDCO) via share swap.

Established in 1997 and listed on EGX in 2005, Sidpec operates within the materials sector focusing on commodity chemicals. It has subsidiaries operating across Egypt, working on textiles and oil and gas refining.