Formerly Known As
Advanced Polypropylene Company until August 2009
Principal Activities
Manufacture of petrochemicals including propylene and polypropylene.
Date of Establishment Year
2005 (Operations started in August 2008)
No of Employees
261 Company, N/A Headquarters (As of Mar 25, 2011)
Total Production Capacity
| 455,000 tons of propylene per year |
450,000 tons of polypropylene per year |
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Listing Date:
20Jan07
Size of Offering:
$176.99M
Equity Offering:
46.95%
Lead Managers:
Samba Capital and Investment Management Company
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Major Shareholders  |
Section Updated: 16Sep11
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|
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National Polypropylene Company [NPPC]
|
Corporate |
Saudi Arabia |
7.90% |
|
Public Pension Agency
|
Government |
Saudi Arabia |
5.30% |
|
Public
|
|
- |
86.80% |
Foreign Ownership Limits
Section Updated: 29Dec09
100%
GCC Nationals
49%
Foreigners
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Auditors
| Deloitte and Touche Bakr Abulkhair and Company |
|
Banks
| Saudi Hollandi Bank |
Riyadh Bank |
Law Firms
| Financial Results |
31-Dec-10 |
31-Dec-11 |
Yr on Yr |
| |
SAR'000 |
SAR'000 |
change (%) |
Total revenues  |
2,030,961
|
2,790,923
|
37.42 |
Net profit  |
328,317
|
512,804
|
56.19 |
| Total assets |
3,364,508
|
3,380,081
|
0.46 |
| Paid-up capital |
1,413,750
|
1,413,750
|
0.00 |
| Shareholders' Equity |
1,811,309
|
2,028,323
|
11.98 |
| Shares outstanding |
141,375
|
141,375
|
0.00 |
| Market capitalization |
3,845,400
|
4,043,325
|
5.15 |
| » View Full Financials |
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