Mamdouh Al-Amri, CEO ofAdvanced Petrochemical Co.
Advanced Petrochemical Co. has liquidity exceeding SAR 100 million, and that its current priority is to reduce debt, with a target of repaying SAR 300 million by the end of 2026, which will positively reflect on its financial results and support a return to profitability, CEO Mamdouh Al-Amri told CNBC Arabia. 
He added that the company’s production starting from June will be more than 10% higher than in 2025, while sales will be better than last year thanks to the entry of the new plant, which increased production capacity from 600,000 tons to 1.4 million tons, and increased production by about 35%.
Regarding shipping costs, Al-Amari stated that shipping costs increased due to higher insurance costs, reaching about $120 per ton, in addition to increased transportation costs to ports on the Kingdom’s western coast.
“The increase in product selling prices offset the rise in shipping costs. Product prices in some markets rose from about $900–950 per ton before the geopolitical tensions to $1,400–1,500 per ton, enabling the company to achieve operating profits despite those tensions,” said the CEO.
He added that Advanced has a network of distributors in Asia, Europe, Africa, Egypt, and North Africa, and that its external sales were not affected thanks to prior agreements with distributors.
Commenting on the company’s expansion plans, Al-Amari confirmed that Advanced continues to implement its strategy focused on stabilizing operations and increasing plant efficiency and reliability, in addition to expanding into new markets, especially Europe. He also noted that the company has the ability to produce more than 160 polypropylene products.
Al-Amari also said that the management believes that the company’s stock is currently attractive to shareholders, and that when looking at the near future and the company’s position, “we consider the stock price to be unfair.” At the same time, he confirmed that the company has no intention to repurchase its shares at the present time.
According to Argaam data, Advanced Petrochemical, a producer of polypropylene, reported a net loss of SAR 69 million for the first half of 2026, compared with a net profit of SAR 153 million in the corresponding period of 2025.
Mamdouh Al-Amri, CEO ofAdvanced Petrochemical Co.
Advanced Petrochemical Co. has liquidity exceeding SAR 100 million, and that its current priority is to reduce debt, with a target of repaying SAR 300 million by the end of 2026, which will positively reflect on its financial results and support a return to profitability, CEO Mamdouh Al-Amri told CNBC Arabia.
He added that the company’s production starting from June will be more than 10% higher than in 2025, while sales will be better than last year thanks to the entry of the new plant, which increased production capacity from 600,000 tons to 1.4 million tons, and increased production by about 35%.
Regarding shipping costs, Al-Amari stated that shipping costs increased due to higher insurance costs, reaching about $120 per ton, in addition to increased transportation costs to ports on the Kingdom’s western coast.
“The increase in product selling prices offset the rise in shipping costs. Product prices in some markets rose from about $900–950 per ton before the geopolitical tensions to $1,400–1,500 per ton, enabling the company to achieve operating profits despite those tensions,” said the CEO.
He added that Advanced has a network of distributors in Asia, Europe, Africa, Egypt, and North Africa, and that its external sales were not affected thanks to prior agreements with distributors.
Commenting on the company’s expansion plans, Al-Amari confirmed that Advanced continues to implement its strategy focused on stabilizing operations and increasing plant efficiency and reliability, in addition to expanding into new markets, especially Europe. He also noted that the company has the ability to produce more than 160 polypropylene products.
Al-Amari also said that the management believes that the company’s stock is currently attractive to shareholders, and that when looking at the near future and the company’s position, “we consider the stock price to be unfair.” At the same time, he confirmed that the company has no intention to repurchase its shares at the present time.
According to Argaam data, Advanced Petrochemical, a producer of polypropylene, reported a net loss of SAR 69 million for the first half of 2026, compared with a net profit of SAR 153 million in the corresponding period of 2025.
