GPIC KHALEEJIEH Issue 52

Page 1

Shaikh Khalifa Bin Salman Al Khalifa Award for Excellence in Industry

Issue (52) June 2003

REG.No. IGPI 021

GPIC MAKES US$ 51 MILLION IN OPERATING PROFITS US$ 21 MILLION TO BE PAID IN DIVIDENDS TO SHAREHOLDERS COMPANY CELEBRATES GLOBAL PRODUCTION ACHIEVEMENTS

H.E. Shaikh Isa bin Ali Al Khalifa

H

.E. Shaikh Isa bin Ali Al Khalifa, Minister of Oil and Chairman of GPIC announced that the company had made US$ 51 million in operating profits during 2002. He added that it was decided at the company’s Annual General Meeting to pay US$ 21 million in dividends to the shareholders from Saudi Arabia and the State of Kuwait. Cont. on page 9

GPIC WINS PRESTIGIOUS MANAGEMENT AWARD

Company receives H.H. Shaikh Mohammed bin Rashid Al Maktoum’s Award for Arab Management

H

.E. Shaikh Isa bin Ali Al Khalifa, Minister of Oil and Chairman of GPIC announced at a press conference held on Tuesday 15 April 2003 that the company had won His Highness Shaikh Mohammed bin Rashid Al Maktoum’s Award for Arab Management. At the press conference Shaikh Isa praised this outstanding achievement by GPIC which he considered a source of pride for Bahraini industries and a significant international achievement. He paid tribute to the support and assistance received by the company from His Majesty King Hamad bin Isa Al Khalifa,King of the Kingdom of Bahrain, Cont. on pages 10 to 12

Newsletter published by the Public Relations Dept. of Gulf Petrochemical Industries Co. P.O. Box 26730, Kingdom of Bahrain Website: www.gpic.com, e-mail: gpic@gpic.com


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