VOL. XXXVI

NO. 17

25-JANUARY-1993

Financial and Banking News

REGIONAL FINANCING

GIC Works to GPIC's Financial Structure

Gulf Investment Corporation (GIC) hopes to complete its advisory work forBahrain-based Gulf Petrochemical Industries Company (GPIC) around mid-year. GICis assessing the current financial structure of the company and its plans tostart producing urea. The company, which is owned equally by the BahrainNational Oil Company (Banoco), the Saudi Basic Industries Corporation (SABIC)and...