Saudi International Petrochemical Company’s (Sipchem) [2310.SE] CEO, Ahmad Al-Ohali, denied that his company has restarted talks with Sahara Petrochemical Company (Sahara) [2060.SE] regarding a possible merger. Bloomberg had reported yesterday based on an unnamed source that the two companies had held early talks on reviving their proposed merger plans from 2014. Al-Ohali said that they would be open to reviving the merger plans if the regulatory framework governing mergers was changed. Al-Ohali also added that the company hopes to complete a SAR1.8bn sukuk issue by early June and that they have, so far, received positive feedback from potential investors. (Argaam, Reuters)   SIPCHEM: SAR14.52 as of 15 May 2016, Rating: Neutral, FV: SAR14.00 per share, MCap: USD1,420 million, SIPCHEM AB / 2310.SE