QATAR: Qapco secures QR1.1 billion facility from Barwa Bank

Over the coming years, Qapco said it is planning "unprecedented expansion” in terms of volume and size of its business and production. "In light of upcoming expansion plans within Qatar's petrochemical industry, Qapco is committed to expand its activities and production in a planned, optimised and secured way. Therefore Qapco preferred to have the option to secure more liquidity on demand, when required, instead of utilising the accumulated operational profit surpluses yielded throughout the years,” Qapco said.

The strongest and leading corporations around the world use financial leverage as a strategic tool, based on the ratio of capital and equity on total investment, to ensure they can take advantage of beneficial investment opportunities when available.

As such, Qapco decided to move on to the next level, by partnering with the local banking sector, who is offering strong support to the industrial sector in Qatar.

Source: Daily "Gulf Times", Doha; 10 June 2013(Syed Rashid Ali, Karachi, Pakistan)