Saudi International Petroleum Company was awarded the Most Improved IR Corporate Large Cap at the 2016 Middle East Investor Relations Association (MEIRA) Conference.
Sipchem achieved this award after gaining the majority of financial analysts and fund managers in the Middle East votes, through its practices in its relationship with investors, which include multiple aspects, including reports and periodic meetings, and effective communication with stakeholders.
MEIRA chairman Alex MacDonald Vitale said: “It is vitally important for regional organizations to recognize and celebrate the companies and the professionals who represent them, that have clearly demonstrated ongoing excellence in the practice of IR. Year on year these awards set new industry benchmarks and encourage market participants to strive for the highest standard.”
“Our winners are meticulously selected from an ever growing number of entries through strict criteria reflective of the highest standards in international best practice. The value of these benchmark awards cannot be overestimated; the efforts shown by the winners have the potential to reshape the region’s IR landscape, in turn helping attract higher volumes of foreign investment.”
Sipchem Investor Relations play a prominent role in the shareholders affairs as well as the communication with the Capital Market Authority and Tadawul, and the implementation of policies related to governance and disclosure. IR had earlier announced the launch of its site's within the company's main website (www.sipchem.com/en/investor-relations), which allows investors to obtain detailed data on the share price as well as historical data and the latest market disclosure and upcoming events. — SG
