Advanced Petrochemical Company (Advanced ) [2330.SE ] announced the purchase of a strategic stake in one of the companies listed on Tadawul in a deal valued at SAR387mn, a premium of 10 % to net assets of the acquired company. The company also stated in its release that the strategic stake is subject to further increases based on the decision of the investment committee of the board of directors. The company said the deal was executed in a series of share purchases across the past ten months, and that it was internally financed through its long-term investments. According to the release on Tadawul, it is expected that the financial impact of the strategic investment to be reflected in future financial statements based on the results of the acquired entity. So far, it is not yet clear which company Advanced Petrochemicals has purchased a strategic stake in. (Tadawul, Ahmed Hazem Maher)   Advanced: SAR47.47 as of 30 June 2016, Rating: Neutral, FV: SAR47.00 per share, MCap: USD2,076mn, APPC AB / 2330.SE