| Business Summary | | Arabian
American
Development
Company
principally
is
engaged
in
business
activities
that
include
refining
various
specialty
petrochemical
products
and
developing
mineral
properties
in
Saudi
Arabia
and
the
United
States.
All
of
the
Company's
mineral
properties
are
presently
undeveloped
and
require
significant
capital
expenditures
before
beginning
any
commercial
operations.
The
Company's
undeveloped
mineral
interests
primarily
are
located
in
Saudi
Arabia.
Through
a
subsidiary,
the
Company
also
owns
a
specialty
petrochemical
products
refining
company
located
in
Coatzacoalcos,
on
the
Yucatan
Peninsula
near
Veracruz,
Mexico. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Arabian
American
Development
Company
is
engaged
in
therefining
of
various
specialty
petrochemical
products
and
developing
various
mineral
properties.
The
Company
has
operations
in
both
the
U.S.
and
Saudi
Arabia.
For
the
six
months
ended
6/30/01,
revenues
fell
20%
to
$17.2
million.
Net
loss
rose
39%
to
$1.1
million.
Revenues
reflect
a
rise
in
the
cost
of
feedstock.
Loss
reflects
decreased
gross
profit
margins
and
foreign
exchange
transaction
losses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| John Crichton, 84 Chairman | -- | Hatem El-Khalidi, 76 Pres
and CEO | $80K | Nicholas Carter, 54 Pres
of Texas Oil and Chemical Co. II, Inc. | 124K | Drew Wilson, Jr., 67 Sec.
and Treasurer | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|