By: Ahmad Awad
Kuwait-Mubasher: The decision of listing Equate Petrochemical Company on the Kuwait Stock Exchange (KSE) is subject to the approval of the company’s shareholders, CEO Mohammad Husain told Mubasher.
The state-run Petrochemical Industries Company said shares that Dow Chemical intends to exit will be floated in an initial public offering (IPO).
The CEO said that Equate took over MRGlobal for $3.2 billion, and is constantly searching for investments in energy feedstock.
The declining oil prices negatively affected the petrochemical sector at various scales during the past period, the CEO said.
