Middle East Economic Survey
VOL. XLVIII
No 45
7-November-2005
KUWAIT
NIG To Increase Capital By 33%
Kuwait-based National Industries Group (NIG) has announced plans to increase its capital by 33%, raising it from KD74.67mn ($255.71mn) to KD99.56mn ($340.89mn). This increase will help finance NIGs intended expansion in the petrochemicals, oil, gas and steel industries in the Gulf region, and finance various BOT (build-operate-transfer) projects planned in Kuwait. NIG is finalizing the procedures to...
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