Advanced reappoints Khalifa Al Mulhem Chairman, Waleed Al Jaafari Vice Chair

Advanced Petrochemical Co. headquarters

Advanced Petrochemical Co.’s board reappointed, on Oct. 1, Khalifa Al Mulhem as Chairman and Waleed Al Jaafari as Vice Chairman, according to a statement to Tadawul.

Addtionally, Al Mulhem, Abduallah Al Saedan, Mohammed Al Mulhem, Nader Al Dakheel, and Eric Lees were appointed members of the executive committee.

Meanwhile, the nomination and remuneration committee comprised Al Dakheel, Al-Jaafari, Abdullatif Al Mulhem, and Lees.

Moreover, the board appointed Board Secretary, as well as company’s representatives to the Capital Market Authority (CMA), the Saudi Exchange (Tadawul), and the Securities Depository Center (Edaa) for matters related to the implementation of the Capital Market Law and its regulations.

Advanced said that the audit committee has been formed for the new board term. The details will be announced separately in line with disclosure requirements.

The company clarified that the board’s resolution to form the above-mentioned committees, including the audit committee, will come into effect for four years starting Oct. 1, 2025.