OAPEC

Review of Apicorp's 1986 Operations

The OAPEC-sponsored Arab Petroleum Investments Corporation (Apicorp) realized net profits of $41.56mn in 1986, compared to $40.74mn in the previous year, according to the corporation's 1986 Annual Report. Apicorp's assets, which were 57.1% financed by shareholders' funds after the deduction of dividends rose by 22.4% in 1986 to $1.069bn. Loan and treasury portfolios rose sharply as a result of expansion in these two activities,...