KSE approves petchem IPO

March 2007
ICIS Chemical Business;3/19/2007, Vol. 2 Issue 58, p9
Trade Publication
This article reports that the Kuwait Stock Exchange (KSE) has given approval to Al-Qurain Petrochemical Industries Co. (QPIC) to proceed with an initial public offering (IPO), according to a spokesman at the exchange. The spokesman added that a listing would take place before the end of March 2007. According to the article, QPIC was set up in 2004 as part of a countrywide effort to allow more private companies to operate in the domestic and regional petrochemical industry.


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