Saudi Gazette - APICORP acquires 5.62% stake in TAQA:
"THE Arab Petroleum Investments Corporation (APICORP), the multilateral development bank owned by the Organization of Arab Petroleum Exporting Countries (OAPEC), announced Tuesday that it has acquired a 5.62 percent equity stake in Saudi-based The Industrialization and Energy Services Company (TAQA) from Arabian Pipes Company (APC). The government of Saudi Arabia owns a 17 percent stake in APICORP.
APICORP is now the joint third largest shareholder in the company with over 11.2 million shares. A Closed Joint Stock Company established in 2003 as part of Saudi Arabia’s privatization strategy, TAQA is owned 45 percent by the Saudi Government, with the reminder owned by several institutional, private and industrial investors. "
'via Blog this'
No comments:
Post a Comment