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Advanced Petrochemical Company
PetroChemical
Town / Location
Mailbox
11022
Postal Code
31961
Stock Exchange
Website
https://advancedpetrochem.com/
Description

Advanced Petrochemical Company (previously Advanced Polypropylene) “Advanced” is a Saudi Joint Stock Company, established in October 2005, with paid capital of SR1,639,950,000. The company has been listed in Saudi Stock Market since 2007. The company was initially launched by National Polypropylene Limited, jointly owned by Mr. Khalifa Al Mulhim, the chief executive officer of Advanced, and Mr. Monther Laheeq, who negotiated all the main deals related to the project, either before or after the establishment of Advanced Petrochemical. Currently, National Polypropylene Limited controls 7.9% of Advanced Petrochemical. Advanced Petrochemical started the construction of its plants in May 2005. The company produces 455,000 tons per year of propylene and 450,000 tons per year of polypropylene from its production facility located in Jubail Industrial City, in the Eastern coast of the Kingdom of Saudi Arabia.

System Info

Modified by
UserPic  Kokel, Nicolas
Modified
5/20/2024 1:38 PM
Added by
UserPic  Braun (Sysadmin), Uwe
Added
6/21/2021 6:01 AM
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  Entity Communicator  (including Site Messages)
Site Title Date
  UserPic IPO Prospectus 7/11/2021
  UserPic APC Jubail Portfolio Update 6/21/2021
  UserPic Board Report 6/21/2021

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