Middle East Economic Survey
VOL. LIV
No 20
16-May-2011
REGIONAL
APICORPs Net Profit Up By 62% In 2010
The Arab Petroleum Investments Corporation (APICORP) announced on 9 May a record net profit of $95mn in 2010, up $58.5mn, or 62%, above the 2009 figure.The multilateral bank said that total assets for the period rose to $4.3bn, a 5% increase over their 2009 levels of $4.1bn, while total shareholders equity also rose by 13% to reach $1.1bn. The 2010 results provide an impetus to our five-year...
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