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06-Jan-2016

SIPCHEM announces expected financial impact of SAR120 million due to energy price hikes

Saudi International Petrochemical Company (SIPCHEM) [2310.SE] has announced that the financial impact from the newly-introduced energy and electricity price hikes is expected to amount to SAR120 million and will begin to have an impact on the results from 1Q2016. (Tadawul)

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