Advanced Petrochemical Company Back

Advanced Petrochemical Company (previously Advanced Polypropylene) "Advanced" is a Saudi Joint Stock Company, established in October 2005, with paid capital of SR1,639,950,000. The company has been listed in Saudi Stock Market since 2007. The company was initially launched by National Polypropylene Limited, jointly owned by Mr. Khalifa Al Mulhim, the chief executive officer of Advanced, and Mr. Monther Laheeq, who negotiated all the main deals related to the project, either before or after the establishment of Advanced Petrochemical. Currently, National Polypropylene Limited controls 7.9% of Advanced Petrochemical.