VOL. XLII
No. 33
16-August-1999
KUWAIT
Kuwait痴 Equate Petrochemical To Boost Capital
The Kuwait-US joint venture Equate Petrochemical Company announced on 5August 1999 that it would increase its capital from KD86mn ($282mn) to KD306mn($1bn) within the third quarter of this year. A company statement said that therecapitalization was being undertaken to strengthen the capital structure ofthe company to improve its profitability, "which was negatively affected bythe length, depth and timing of the...
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