Middle East Economic Survey
VOL. XLVIII
No 18
2-May-2005
Saudi arabia
NPIC Capital Increased To $533Mn
The general assembly meeting of National Petrochemical Industrialization Company (NPIC-Tasnee Petrochemicals) on 20 April agreed to increase the companys capital from SR500mn ($133.3mn) to SR2bn ($533.3mn). This increase will finance NPICs future projects such as: the ethylene and polyolefin complex, and the methanol and acetic acid plant. NPICs 2005 first quarter profits reached approximately...
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