The Chairman of the Board of Directors of the Advanced Petrochemical Company, Khalifa bin Abdullatif Al-Mulhim, said in an interview with CNBC Arabia that last year 2021 witnessed an increase in the price of the product, which coincided with the rise in the price of feedstock, in addition to an increase in supply chains and freight prices.
Al-Mulhim clarified that the company stopped production last year for a month due to maintenance work, but the matter did not affect the financial results.
He stated that the company has a dividend distribution policy and there is no change in it, indicating that the company maintains excess liquidity to finance future projects.
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