| Element List |
Explanation |
| Introduction |
Advanced Petrochemical Company (“ADVANCED”) is pleased to announce that the signing of the Support Framework Agreement with SHAREEK to enable ADVANCED to maximize its domestic investment plan, in which ADVANCED was selected as one of the companies eligible to participate in SHAREEK Program. |
| Date of Announcement of the Award |
2023-03-01 Corresponding to 1444-08-09 |
| Contract Subject Matter |
To set out the eligibility criteria of ADVANCED for the support programs to accelerate its domestic investment plan. |
| Date of Signing the Contract |
2023-03-01 Corresponding to 1444-08-09 |
| Contract Value |
The Agreement outlines ADVANCED’s eligibility criteria and entitlement to request SHAREEK’s support programs for ADVANCED domestic investment plan. |
| Contract Details |
The Agreement outlines ADVANCED’s eligibility in order to be qualified to receive support programs under the terms of a Support Agreement. |
| Contract Duration |
The eligibility obligations end by 31 December 2030 |
| Financial Impact and the Relevant Period |
There is no financial impact on the current business and ongoing projects. |
| Related Parties |
No related parties involved in this Agreement |
Comments