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The Company engaged in producing Polypropylene, with a production capacity of 500 thousand tons annually, from its complex in Al-Jubail.
Overview
Advanced Petrochemical Co. was formed as a closed joint stock company in October 2005, with a capital of SAR 750 million, and it was listed on Saudi Stock Exchange to develop an integrated propylene and polypropylene complex. In May 2005, the company started constructing its factories in Jubail Industrial City and started commercial operations on March 3, 2008. ABB Lummus Global Inc. granted the company the right to utilize its CATOFIN® PDH technology to produce propylene and Novolen Technology Holdings (NTH) granted the company the right to utilize its NOVOLEN® PP production technology to produce polypropylene. The company’s products are used in personal care products, lightweight plastic packaging, building materials, automotive components, textiles, medical applications, and others.
Basic Information
City: | Jubail |
Country | Saudi Arabia |
Ownership Type: | Joint Stock |
Establishment Date: | 2005 |
Commercial Register: | 2050049604 |
Website: | www.advancedpetrochem.com |
faisal.jalhami@advancedpetrochem.com | |
Phone | +966 13 356 6061 |
Fax | +966 13 356 6065 |
Address | Industrial City, Eastern Province - Jubail 31961 |
PO Box | 11022 |
Argaam Classification
Financials Highlights (M )
Company Size
Trading Data
Stock Market : | TASI |
Fiscal Year End : | December |
Free Float (M) : | 248.35 |
Free Float % : | 95.52 |
Weight in Index % : | 0.42 |
3M Average Volume : | 802,419 |
3M Average Transactions : | 2,901 |
Change(12M) % : | (16.21) |
Major Shareholders
Name | Number of Shares (M) | Holding |
---|---|---|
Polypropylene National Company Ltd. | 20.67 | 7.95 % |
Subsidiaries & Associates
Company | Country | Percentage |
---|---|---|
AGMC | Saudi Arabia | 100.00 % |
AGIC | Saudi Arabia | 100.00 % |