SEPC was incorporated in May 2006 AD as a limited liability company between TSOC and BasellMoyen Orient Investissements SAS with a seventy-five percent (75%) and twenty-five percent (25%) shareholding respectively. By virtue of Sahara’s 32.55% equity stake in TSOC, Sahara owns an indirect equity stake of 24.41% in SEPC. The share capital of SEPC is SAR 2737.5 million. SEPC was formed to develop, finance, construct, commission, own, manage and operate a petrochemical complex for the production of 284,800 tons per annum of propylene and 1,008,000 tons per annum of ethylene, approximately 80% of which will be used as the primary feedstock for the production of approximately 800,000 tons per annum of high and low density polyethylene.
SEPC Plant is located in Jubail Industrial City in the eastern region of Saudi Arabia and has commenced its operations in June 2009 AD.