LATEST NEWS
EQUATE Sponsors the Third Kuwait International Health, Safety, Security & Environment Conference and Exhibition
21 Feb 2019Kuwait, February 21, 2019 – EQUATE, a global producer of petrochemicals and the second largest producer of Ethylene Glycol worldwide, continues to take part of initiatives and programs as part of its commitment to industrial and professional development, and technological and operational innovations that aim to advance the standards of environment, health, safety, and security […]
EQUATE Group announces financial results for 2018, reporting a record-breaking EBITDA of $2.12 billion and Net Income After Tax of $1.56 billion
03 Feb 2019Kuwait, February 03, 2019 – Today, the EQUATE Group announced its fourth quarter (Q4) 2018 and full-year 2018 earnings. In Q4 2018, the EQUATE Group reported an EBITDA of $427 million, compared to $388 million for the same period in 2017. EQUATE Group’s total EBITDA for 2018 stood at $2.12 billion, compared to $1.73 billion […]
EQUATE Group Completes its Facilities’ Amendment and Extension Exercise
13 Dec 2018Kuwait, 13 December 2018 — The EQUATE Group, a global producer of petrochemicals, announced the successful completion of an amendment and extension exercise on its $1.9 billion Term Loan and $1 billion Revolving Credit Facility (“RCF”). The Group worked with its existing relationship banks to extend the tenor on its Term Loan and RCF by 2 […]