OAPEC

Apicorp Registers $53.2mn Net Profit in 1984

The OAPEC-sponsored Arab Petroleum Investments Corporation (Apicorp) registered a net profit of $53.2mn in 1984, compared to $51.6mn in 1983 (MEES, 19 March 1984). At the end of 1984 the Corporation's total assets amounted to $816mn, an increase of 15.7% over 1983, while the shareholders' funds increased by 6.2% to $568.5mn. Apicorp's General Assembly, which convened in al-Khobar, Saudi Arabia on 18 March, recommended the...