Financial and Banking News
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...