Advanced CEO says geopolitical tensions lift prices, no major impact on volumes

Advanced CEO Mamdouh AlAmri expects that the current crisis will end in a way that stabilizes the region and protects the security of the Kingdom and the GCC.

Geopolitical tensions in the Strait of Hormuz have affected supply chains, mainly pushing up prices, Advanced Petrochemical Co.’s CEO Mamdouh AlAmri told Argaam.
 

He noted that the company has not experienced a significant impact on volumes, as it managed supply operations through multiple channels and activated crisis management plans to ensure product delivery.

 

AlAmri added that the company also adjusted export and shipping routes to align with current conditions.

 

Logistical initiatives by the Saudi government facilitated shipping operations and expanded the reach of Saudi products to global markets, the CEO said.

 

Advanced is recently witnessing strong demand, especially amid the temporary shutdowns of several factories in Asia and Europe, which have supported higher selling prices.

 

He emphasized that the company follows a flexible strategy with a focus on markets with higher returns.

 

AlAmri stated that the demand outlook remains “somewhat uncertain”, expecting that the current crisis will end in a way that stabilizes the region and safeguards the security of the Kingdom and the GCC.

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