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FINANCIAL NEWS
Apicorp posts USD55.1mn revenue in H1
19 Oct 2016
(MENAFN) The Arab Petroleum Investments Corp. (Apicorp) has reported a total profit of USD55.1mn for the Jan-June period of this year, lower than USD56.5m for 2015.
The firm has been very active, working on a broad range of financing and investment chances.
Moreover, the company launched a landmark shipping fund with the National Shipping Co. of Saudi Arabia (Bahri), which will invest USD1.5bn.
Accordingly, the firm continued to perform strongly, delivering value for its shareholders, achieving healthy levels of profitability.
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