Riyadh – Mubasher: Advanced Petrochemical Company has announced Khalif bin Abdullatif bin Abdullah Al Mulhem as the new Chairman of the board for the next three years.
The firm also appointed Waleed bin Mohammed bin Abdullah Al Jaafari as the Vice Chairman, according to a recent bourse disclosure.
Al Mulhem and Al Jaafari assumed their roles for a new board term that began on 1 October 2022 and will remain in position until 30 September 2025.
During the first half (H1) of 2022, Advanced Petrochemical witnessed a 37.16% plunge in net profit after Zakat and tax to SAR 274 million as per its estimated financials, versus SAR 436 million in H1-21.
Meanwhile, the Saudi listed company will distribute cash dividends worth SAR 142.53 million for the third quarter (Q3) of 2022 on 18 December.
