LATEST NEWS
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 […]
GPCA, SABIC & EQUATE Organize in Kuwait the 4th GPCA IP Awareness Workshop
12 Dec 2018Kuwait, 12 December 2018 — As part of development through joint training, the 4th Intellectual Property (IP) Awareness Workshop was organized by the Gulf Petrochemicals & Chemicals Association (GPCA) in collaboration with SABIC and EQUATE Petrochemical Company, a global producer of petrochemicals, during December 12 and 13, 2018. The two-day workshop is aimed at promoting awareness […]