Advanced Petrochemical Co (2330)

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News

15 July 06:37 PM Advanced Petrochemical shifts to profitability in H1-25; net profit leaps 95% in Q2

Riyadh – Mubasher: Advanced Petrochemical Company has turned to net profits worth SAR 153 million in the first half (H1) of 2025, against net losses of SAR 17 million in H1-24. The company posted earnings per share (EPS) of SAR 0.593 as of 30 June …

Financial Results

10 April 07:01 AM Advanced Petrochemical turns profitable at SAR 72m in Q1-25

Riyadh – Mubasher: Advanced Petrochemical Company shifted to net profits valued at SAR 72 million in the first quarter (Q1) of 2025, against net losses of SAR 58 million in Q1-24. The revenues hiked by 91.27% year-on-year (YoY) to SAR 614 million …

Financial Results

27 February 04:35 PM Advanced Petrochemical shifts to losses in 2024; revenue exceeds SAR 2bn

Riyadh – Mubasher: Advanced Petrochemical Company incurred net losses of SAR 259 million in 2024, against net profits worth SAR 171 million in 2023. The loss per share stood at SAR 1 last year, versus earnings per share (EPS) of SAR 0.66 in 2023, …

Financial Results

20 October 2024 08:10 PM Advanced Petrochemical unveils SAR 29m profit as positive results in 9M-24 after losses in H1

Riyadh – Mubasher: Advanced Petrochemical Company registered net profits worth SAR 29 million in the first nine months (9M) of 2024, marking an 80.40% annual decrease from SAR 148 million. The earnings per share (EPS) stood at SAR 0.11 in 9M-24 …

Financial Results

9 May 2024 02:07 PM Advanced Petrochemical turns to loss in Q1-24

Riyadh – Mubasher: Advanced Petrochemical Company shifted to losses during the first quarter (Q1) of 2024, posting a net loss of SAR 58 million, versus a net profit of SAR 43 million in the comparative period a year earlier. Revenues fell 48.80% …

Financial Results

18 February 2024 10:45 AM Advanced Petrochemical’s subsidiary inks $191m contracts to build IPA plant in Jubail

Riyadh – Mubasher:  Advanced Polyolefins Industry, a subsidiary of Advanced Petrochemical Company, has signed $191.25 million engineering, procurement and construction contracts (EPC) for the construction of an Isopropanol (IPA) plant with 70,000 …

Companies Investments

15 February 2024 02:33 PM Advanced Petrochemical’s net profit tumbles 42% YoY in 2023

Riyadh – Mubasher: Advanced Petrochemical Company has reported a net profit of SAR 171 million in 2023, a 42.03% year-on-year (YoY) drop from SAR 295 million. The company’s revenues also declined by 19.47% YoY to SAR 2.37 billion last year from …

Financial Results

22 October 2023 02:44 PM Advanced Petrochemical sees 51% plunge in 9M-23 profits

Riyadh – Mubasher: Advanced Petrochemical Company witnessed 50.83% lower net profits after Zakat and tax at SAR 148 million during the first nine months (9M) of 2023, versus SAR 301 million in 9M-22. The earnings per share (EPS) amounted to SAR …

Financial Results

20 July 2023 00:15 PM Advanced Petrochemical registers SAR 103m net profits in H1-23

Riyadh – Mubasher: Advanced Petrochemical Company generated SAR 103 million worth of net profits after Zakat and tax in the first half (H1) of 2023, which came 62.41% lower than SAR 274 million in H1-22. The annual plunge in H1-23 net profits …

Financial Results

29 May 2023 11:27 AM Advanced Petrochemical secures SAR 2.2bn loan from Alawwal Bank

Riyadh – Mubasher: Advanced Petrochemical Company obtained Sharia-compliant financing valued at SAR 2.20 billion from Alawwal Bank on 28 May 2023. The Saudi firm will use the proceeds of the loan to pay back the existing credit facilities and …

Companies Investments

10 May 2023 02:48 PM Advanced Petrochemical records SAR 43m profits in Q1-23

Riyadh – Mubasher: Advanced Petrochemical Company witnessed a 73.78% drop in net profit after Zakat and tax to SAR 43 million during the first quarter (Q1) of 2023, versus SAR 164 million in Q1-22. The Saudi firm generated revenues valued at SAR …

Financial Results

7 March 2023 10:34 AM Gas Arabian Services wins project deal from Advanced Petrochemical

Riyadh – Mubasher: Gas Arabian Services Company was awarded a SAR 50.98 million project contract from Advanced Petrochemical Company on 6 March 2023, according to a bourse filing. Gas Arabian Services will construct a pipeline that supplies a …

Companies Investments

21 February 2023 00:30 PM Advanced Petrochemical’s profits shrink 64% in 2022; dividends for Q4-22 unveiled

Riyadh – Mubasher: The net profits after Zakat and tax of Advanced Petrochemical Company amounted to SAR 295 million in 2022, down 63.80% year-on-year (YoY) from SAR 815 million. Revenues totalled SAR 2.94 billion in the January-December 2022 …

Financial Results

26 October 2022 00:27 PM Advanced Petrochemical logs SAR 301m profits in 9M-22

Riyadh – Mubasher: Advanced Petrochemical Company generated SAR 301 million in net profit after Zakat and tax during the first nine months (9M) of 2022, lower by 53.98% than SAR 654 million in 9M-21. Revenues increased by 5.94% year-on-year (YoY) …

Financial Results

5 October 2022 05:03 PM Advanced Petrochemical names new Chairman, Vice Chairman

Riyadh – Mubasher: Advanced Petrochemical Company has announced Khalif bin Abdullatif bin Abdullah Al Mulhem as the new Chairman of the board for the next three years. The firm also appointed Waleed bin Mohammed bin Abdullah Al Jaafari as the Vice …

Board of Directors

28 September 2022 04:19 PM Advanced Petrochemical to pay SAR 142.5m dividends for Q3-22

Riyadh – Mubasher: Advanced Petrochemical Company will disburse SAR 142.53 million as cash dividends for the third quarter (Q3) of 2022, according to a bourse filing. The firm will pay out a dividend of SAR 0.55 per share, representing 5.50% of …

Board of Directors

6 July 2022 09:51 AM Advanced Petrochemical sees 37% lower profits in H1-22; dividends proposed

Riyadh – Mubasher: The estimated financials of Advanced Petrochemical Company reported a 37.16% year-on-year (YoY) decline in the net profits after Zakat and tax to SAR 274 million in the first half (H1) of 2022 from SAR 436 million. The company …

Cash Dividends

10 April 2022 01:52 PM Advanced Petrochemical’s estimated financials see 4% lower profits in Q1-22

Riyadh – Mubasher: Advanced Petrochemical Company has generated net profits after Zakat and tax worth SAR 164 million during the first quarter (Q1) of 2022, down 4.09% from SAR 171 million in Q1-2021. During the January-March period in 2022, the …

Financial Results

29 March 2022 00:51 PM Advanced Petrochemical to pay SAR 0.55/shr dividends for Q1-22

Riyadh – Mubasher: The board of Advanced Petrochemical Company has proposed a cash dividend distribution of SAR 0.55 per share for the first quarter (Q1) of 2022. The company will pay out cash dividends of SAR 143 million, equivalent to 5.5 % of …

Cash Dividends

21 March 2022 03:55 PM Advanced Petrochemical’s shareholders nod to 20% capital raise

Riyadh – Mubasher: The shareholders of Advanced Petrochemical Company gave their green light for increasing the capital by 20.11% through the granting of one bonus share for every five owned shares. The company will raise the capital by SAR 435.26 …

Corporate Actions

9 March 2022 04:37 PM Advanced Petrochemical's unit inks SAR 3bn facility with SIDF

Riyadh – Mubasher: Advanced Polyolefins Industry Company (APOC), a subsidiary of Advanced Petrochemical Company, has signed a SAR 3 billion loan agreement with the Saudi Industrial Development Fund (SIDF). Through the facility, the company seeks …

Companies Investments

16 February 2022 07:21 PM CMA approves Advanced Petrochemical’s capital raise via bonus shares

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) gave the green light for Advanced Petrochemical Company to increase the capital by SAR 435.26 million through bonus shares. The company will issue one bonus share for every five owned …

Management Decisions

3 February 2022 10:13 AM Advanced Petrochemical sees 37% higher profits in 2021

Riyadh – Mubasher: Advanced Petrochemical Company reported a 36.91% year-on-year (YoY) increase in net profits after Zakat and tax to SAR 815.4 million in 2021, compared to SAR 595.59 million. Higher net profits are mainly attributed to the …

Financial Results

26 January 2022 03:46 PM Advanced Petrochemical recommends 20% capital raise

Riyadh – Mubasher: The board of Advanced Petrochemical Company has recommended a 20.1% capital increase by issuing bonus shares. The capital raise will be implemented by granting the company’s shareholders one share for every five shares, …

Board of Directors

9 January 2022 10:00 AM Advanced Petrochemical sees 37% higher profits in 2021 estimated financials

Riyadh – Mubasher: Advanced Petrochemical Company has reported estimated net profits after zakat and tax of SAR 815 million in 2021, up 36.839% from SAR 595.59 million in 2020. Higher net profits are attributed to a 51% rise in polypropylene sales …

Financial Results