Saudi petchems rush to list

Kovac, Matt
October 2006
ICIS Chemical Business;10/9/2006, Vol. 1 Issue 38, p14
Trade Publication
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.


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