Sahara International Petrochemical Company (Sipchem), a petrochemical company, sponsored the 14th Annual GPCA Forum, which was organised by the Gulf Petrochemical and Chemical Association and was held in Dubai from 3-5 December
The main aim of Sipchem’s participation is to raise awareness of the precedent of the first-ever petrochemical merger of equals of two leading public entities in Saudi Arabia, Sahara Petrochemicals and Sipchem, which highlighted 14 successful years of strategic partnerships, strong advocacy and thought leadership.
Sipchem also sponsored five students from Saudi universities to take part in the forum, providing a platform for their ideas and innovations.
During the forum, Saleh Bahamdan, CEO of Sipchem, and other executives were in attendance, engaging with respective clients and more. Bahmadan was at the forefront of the forum, with a presentation on “Merger of equals: Capturing the full potential of the Sipchem merger”, where he provided personal and institutionalised lessons from the merger, in addition to its impact on the region, on the short-term and the long-term.
The late Sipchem Chairman, Abdulaziz bin Abdullah Al-Zamil, revered as a pioneer in the global and regional chemical industry, was honoured at a special award ceremony and awarded the GPCA Legacy Award ‘Al-Rowad’ for his lifetime achievements and outstanding contributions to the growth and development of the chemical and petrochemical industry in the kingdom.
Khalid A. Al-Zamil, the appointed Chairman, said, “I would like to thank the Legacy Award Committee for this award, Al-Zamil’s dedication to the kingdom’s continued prosperity has not only elevated the economy but the entirety of our nation. We will aim to carry on his fortitude and innovation throughout Sipchem.”
Saleh Bahamdan commented, “We would like to thank the GPCA for providing a unique platform for us to emphasise our trajectory, advancing us towards new competitive landscapes, partnerships and opportunities on the short-term and the long-term. Moreover, the principle of ‘Strategic Partnership’ has helped us create measurable value to our shareholders and others alike, this guided us to proceed with the first-ever petrochemical merger of equals in Saudi Arabia.”
The 14th Annual GPCA Forum took place at Madinat Jumeirah, Dubai, UAE, and addressed the theme of ‘Winning through Strategic Partnerships’.
