Saudi International Petrochemicals Co. (Sipchem) plans to finance expansion plans million by selling stocks to its shareholders. Sipchem wants to raise US$533.3 by selling 133.33 million new shares at 15 riyals each. The issue will help finance an acetyl complex, future expansion projects and general company costs.
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Friday, February 01, 2008
Sipchem plans to raise US$533.3 mln for expansion project
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