VOL. XXXIV

NO. 45

12-AUGUST-1991

Financial and Banking News

Capital Markets

Apicorp Wins Ibn Zahr Financial Advisory Contract; Loan Mandate Soon

Dhahran-based Arab Petroleum Investments Corporation (Apicorp) has beenawarded a contract to advise the Saudi European Petrochemical Company (Ibn Zahr)on the financial aspects of its expansion plans. These include the expansion ofits current MTBE production capacity and the construction of a newpolypropylene plant. Bank finance in the region of $600mn will...