Saudi International Petrochemical Company (Sipchem) has opened an investment portfolio as part of its strategy to invest in initial public offerings and diversify investments based on self-finance, the company said in a statement to Tadawul on Wednesday.
Sipchem, however, did not mention the value of the new portfolio, which will be managed by Saudi Fransi Capital.
The portfolio’s financial impact will be reported in quarterly results, it added.
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