Advanced Petrochemical Company
Culture of Excellence
Culture of Excellence
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The Advanced Petrochemical Company, founded in 2005 and headquartered in Saudi Arabia, operates in the manufacturing industry with a focus on plastics in primary forms as well as investments in various industrial projects. The company, with a paid-up capital of SR 2,600,000,000, was listed on the Saudi Exchange in 2006.
Advanced embarked on the construction of its integrated petrochemical plants in Jubail Industrial City, Saudi Arabia in May 2006. This facility commenced commercial production from its polypropylene unit on March 03, 2008. The plant is designed to produce 455,000 tons per year of propylene and 450,000 tons per year of polypropylene.
The latest investment in Advanced Petrochemical Company amounted to SAR2.20B, a post-IPO debt investment made on May 28, 2023. This investment was made by Alawwal Bank.
Advanced Petrochemical Company's commitment to excellence in its operations and its strategic positioning in the petrochemical and manufacturing sector make it a compelling investment opportunity, particularly as it continues to bolster its presence and capabilities in the global market.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Post-IPO Debt | SAR2.20B | 1 | Alawwal Bank | 28 May 2023 |
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