Khalifa Al Mulhim, Advanced Petrochemical Company's (Advanced) [2330.SE] Chairman, mentioned that the name of the company that Advanced acquired a strategic stake in will be revealed as soon as the share purchase is complete. As stated earlier, the deal was executed in a series of share purchases of the target company that took place over the past ten months. Al Mulhim also noted that the continuation of the process depends on the stock price of the target company, given the acquisition price range that has been defined by the BoD, and that the decision to acquire the company was based earlier on a steep decline of the target company’s stock price. (Argaam)   Advanced: SAR47.41 as of 11 July 2016, Rating: Neutral, FV: SAR47.00 per share, MCap: USD2,073mn, APPC AB / 2330.SE