Middle East Economic Survey
National Industrialization Company To Raise Stake In Petrochemicals Subsidiary
Saudi Arabias National Industrialization Company (NIC) on 14 June announced plans to increase its 51% majority stake in National Petrochemicals Industrialization Company (NPIC) by acquiring some or all of the remaining NPIC shares. NIC plans to issue new shares to offer NPIC shareholders in return for their stake. NIC and NPIC appointed independent...