Nuaimi, chief executive and general manager of APICORP, said he expects a highly positive response to the bond issue from investors. "APICORP's exceptional credit and stakeholder profiles have always enabled the company to obtain highly competitive financing. These strengths, combined with our solid balance sheet, low leverage, sound loan quality, high capital adequacy and profitable track record, will serve to bring an extremely good response," he said in a statement datelined Bahrain and published today by the Jeddah-based Arab News "From its inception, APICORP has been headquartered in Alkhobar and we chose the Kingdom (of Saudi Arabia) for our first initiative to tap the capital markets since a substantial part of our direct equity investments, assets exposure and loan book are in the country." --MORE
