VOL. XLVI
No 36
08-September-2003
SAUDI ARABIA
ENERGY FINANCE
IDB Fund Buys 23% Stake In Saudi International Petrochemical Company
The Bahrain-based IDB Infrastructure Fund, which is principally sponsored by the Islamic Development Bank (IDB), is acquiring a 23% share in the joint stock firm Saudi International Petrochemical Company (Sipchem). The move follows Sipchems decision to raise its capital to $173mn. Sipchem said that the investment will help it implement a series of export-oriented...
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