THE MIDDLE EAST’S

48. Sahara International Petrochemical Co. (Sipchem)

Country: Saudi Arabia
Sector: Petrochemicals
CEO: Abdullah Al-Saadoon
Market Value: $7.7 billion
Sales: $2.7 billion
Profits: $1.1 billion
Assets: $6.3 billion

Sipchem operates in the polymer and petrochemical sectors across more than 40 countries. The company’s existing manufacturing facilities produced 4,159 million metric tons of products in 2022. It has 17 subsidiaries in Saudi Arabia, the Netherlands, and Singapore, including Sipchem Chemicals Company, and Sipchem Asia PTE Ltd.