The Board of Directors of the Arab Petroleum Investments Corporation (APICORP) held in Cairo on Saturday its 3rd meeting for the year 2005 under the chairmanship of Abdullah Al-Zaid, the Representative of the Saudi Government at APICORP. The Board reviewed reports on the Corporation's finance and investment activities as well as the financial statements for the period from the January to August 2005. Ahmad bin Hamad Al-Nuaimi, the Chief Executive and General Manager of APICORP, disclosed that the investment portfolio has achieved an exceptional return equivalent to 78.6 percent of the net income as a result of the selling of APICORP's share in the Egyptian Fertilizers Company, in pursuit of exercising the Corporation's strategy that aims towards the revolving and reinvesting in newly developed oil and gas projects in the member states and other Arab countries.
