Middle East Economic Survey
VOL. XLVII
No 35
30-August-2004
KUWAIT
Creation Of PICs Aromatics Company
The creation of the Kuwaiti Aromatics Company (KAC) was announced on 31 July, capitalized at KD30mn ($102mn) divided into 300mn shares. KACs principle owner (99.974%) is Petrochemical Industries Company (PIC), a subsidiary of the state-owned Kuwait Petroleum Corporation (KPC). The remaining shares held by four private investors, Attallah al-Mutairi, Sulaiman al-Dauseri, Ahmad al-Habib and Faysal...
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