Advanced Petrochemical Company
Top 100 Companies in the Middle East 2021

SR.No: 89

Advanced Petrochemical Company

Sector: Real Estate & Construction

Date of Establishment: 2005
Country: Saudi Arabia
President and CEO: Fahad Salem Al Matrafi

Sales: $595 million

Profits: $159 million

Assets: $1 billion

Market Value: $4.7 billion

The Advanced Petrochemical Company manages an integrated complex in Al-Jubail city to produce Propylene & Polypropylene. In April 2021, the company signed engineering, procurement, and construction contracts worth $485 million with Tecnimont S.p.A and Tecnimont Arabia Ltd. for the construction of two PP Plants in Jubail II, Saudi Arabia. It also signed procurement and construction contracts worth $1.2 billion with Samsung Engineering Co., Ltd. and Samsung Saudi Arabia Co., Ltd. for the construction of a PDH Plant in Jubail II.