Middle East Economic Survey

VOL. XLVII

No 30

26-July-2004

KUWAIT

Bubiyan Petrochemicals/National Investments Company Form Holding Firm

Bubiyan Petrochemical Company and Kuwaits National Investment Company (NIC) announced on 19 July that they have established a new firm, Bubiyan International Industries Holding Company, which has been fully capitalized at KD30mn ($102mn), distributed over 300mn shares at a value of 100 fils per share, plus 5 fils premium for issuance. Bubiyan said it had been...