SAUDI STOCK EXCHANGE (TADAWUL)Trading Hours: Sun - Thu 10:00 am-3:00 pm

Advanced Petrochemical Co. ADVANCED
ADVANCED 0.25%
Petrochemical 0.48%
TASI 0.09%
43.83
Last Value
-0.11
Change
0.25%
% Change
Price in SAR Last Update : 08 Dec 2016 3:15 pm (local time)

Profile

Corporate Details
Symbol ADVANCED
ISIN Code SA000A0LE310
Exchange Saudi Arabia
Sector Petrochemical Industries
Auditors PricewaterhouseCoopers
Company Description

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.

Company Activities

The company's principal activity is to manufacture and sell polypropylene.

Equity Profile
Date Established Oct 1, 2005
Listing Date Jan 20, 2007
Paid-up Capital (SAR) 1,639,950,000
Outstanding Shares 163,995,000
Shares Per Value 10
Contact Information

Address:
Jubail Industry City, P.O Box. 11022, Jubail 31961, Kingdom of Saudi Arabia.

Phone:
+966 3356 6000

Fax:
+966 3359 2000

Email:
info@advancedpetrochem.com

Website:
http://www.advancedpetrochem.com/

Company History

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.

Board Members & Senior Management
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
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