Khobar, Saudi Arabia, December 31, SPA -- The Arab Petroleum Investments Corporation (APICORP) fetched this year (2007) considerable profits amounting to $ 79 Million, which accounted for 55 percent hike in profits if compared with $51 Million it netted in the previous year (2006). This was disclosed at a meeting of APICORP's Board of Directors, which was presided over recently in Cairo by the Board's Chairman Abdullah bin Abdulaziz Al-Zaid, who is also the representative of the Government of Saudi Arabia to the Corporation. The Board's meeting was also attended by official representatives of APICORP's member countries. --MORE
