TITLE

Saudi petchems rush to list

AUTHOR(S)
Kovac, Matt
PUB. DATE
October 2006
SOURCE
ICIS Chemical Business;10/9/2006, Vol. 1 Issue 38, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article looks at the decision of the petrochemical companies in Saudi Arabia to list themselves on stock exchanges. The move is a change in strategy that will help them fund new projects and expansions into new markets. In September 2006, Saudi International Petrochemical Co. sold 30% of its shares in the company to help fund future petrochemical projects. Usually, petrochemical companies in the Middle East tended to shy away from accessing capital markets.
ACCESSION #
22905434

 

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