Arab Finance: Sidi Kerir Petrochemicals Company’s (Sidpec) (SKPC) board approved the company's operating budget for 2023, targeting a net profit after tax of EGP 889.642 million, according to a statement sent to Egyptian Exchange (EGX) on Tuesday.

Sidpec is an Egyptian company that operates within the materials sector focusing on commodity chemicals. It has subsidiaries across Egypt, working on textiles and refining oil and gas.