Advanced Petrochemical Company is a Saudi Joint stock company established in 2005 and has established itself as one of the major players in the petrochemical industry across the Middle East and North African region. The company produces 455,000 tons of propylene and 450,000 tons of polypropylene annually respectively from its production facility located in Jubail Industrial city. It uses cutting edge technologies from Lumus for propylene production and Novolen for producing polypropylene. The company markets its products through major players like Vinamr International, Mitsubishi and Domo N.V.
The company's principal activity is to manufacture and sell polypropylene.
|Date Established||Oct 1, 2005|
|Listing Date||Jan 20, 2007|
|Paid-up Capital (SAR)||1,639,950,000|
|Shares Per Value||10|
Jubail Industry City, P.O Box. 11022, Jubail 31961, Kingdom of Saudi Arabia.
+966 3356 6000
+966 3359 2000
The Company was established as a closed joint stock company in the Kingdom of Saudi Arabia on 27 shaban 1426 H (1 October 2005 ). The paid up capital of the company was SR750,000,000 which was increased to SR1,413,750,000 by issuing SR66,375,000 new shares through an IPO in December 2006. In 2012 the paid capital was raised to SR1,639,950,000.
|Mr. Khalifa Abdullatif Al Mulhim||Chairman|
|Engr. Hani Bin Abdulaziz Bin Husain Al Terkait||Board of Directors|
|Mr. Khalid Bin Abdulrahman Bin Mohammed Al Omran||Board of Directors|
|Engr. Mazin Bin Mohammed Bin Abdulrahman Al Saeed||Board of Directors|
|Mr. Sami Bin Abdulaziz Bin Mohammed Al Suwaigh||Board of Directors|
|Mr. Waleed Mohammed Al Jaffari||Board of Directors|
|Mr. Srinivas Vemparala||Board of Directors|
|Mr. Yasir Bin Abdulaziz Bin Mohammed Abuateek||Board of Directors|
|Mr. Abdulaziz Abdullah Al Mulhim||Board of Directors|