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FINANCIAL NEWS
Saudi’s APC to invest USD1b in a project in South Korea
05 Sep 2014
(MENAFN) Saudi’s Advanced Petrochemical Company is planning to invest in a USD1 billion project to produce propylene in South Korea, Arabian Business reported.
The propane dehydrogenation project (PDH), will be a joint venture with South Korea’s SK Gas and is due to start in the first half of 2016, with the project being financed 40 percent equity and 60 percent debt.
The project, one completed, will have an annual production capacity of 600,000 tons and APC is set to hold a 35 percent stake in the project.
More News
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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