Advanced Petrochemical Co (2330)

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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) …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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, …

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 …

Riyadh – Mubasher: The board of Advanced Petrochemical Company decided, on 21 December, to distribute cash dividends worth SAR 140.7 million for the fourth quarter (Q4) of 2021. The Saudi listed company will pay a dividend of SAR 0.65 per share …

Riyadh – Mubasher: The board of Advanced Petrochemical Company decided to distribute a cash dividend of SAR 0.65 per share, representing 6.5% of the share’s par value, for the third quarter (Q3) of 2021. The company will pay a total amount of SAR …

Riyadh – Mubasher: Advanced Petrochemical Company has reported a 39.74% rise in net profits after Zakat and tax to SAR 218 million during the third quarter (Q3) of 2021 from SAR 156 million in the same quarter of 2020. The increase in net profits …

Riyadh – Mubasher: Advanced Petrochemical Company achieved net profits after Zakat and tax worth SAR 265 million during the second quarter (Q2) of 2021, higher by 70.9% than SAR 155 million in Q2-20. Revenues increased by 48% to SAR 769 million in …

Riyadh – Mubasher: Advanced Petrochemical Company has commenced the commercial operation of the polypropylene plant in South Korea, according to a bourse disclosure on Monday. The facility is a result of a joint venture agreement between SK …