This sum represents a large portion of the estimated JD45m royalty fee APC is scheduled to settle in 2013.
"APC is genuinely interested in supporting the Government of Jordan during these difficult economic times, and our decision to pay this amount and not wait until it is actually due, is part of our understanding of the current economic challenges. As a responsible corporation that employs over 2,300 Jordanians, we are continuously seeking to play an active role in supporting the economy and our beloved Kingdom," stated Al-Sarayrah.
Browse
related articles
Arab Potash Company pays JD40m advance on its 2013 royalty fees due to the Jordanian Government
- Jordan: Wednesday, November 21 - 2012 at 16:52
- PRESS RELEASE
Related content
Arab Potash Company's (APC) Board of Directors approved a recommendation from APC Chairman H.E. Jamal Al-Sarayrah and the Company's Canadian executive management, paying the Government of Jordan a JD40m advance.
Article Options
Log in to request more information from Arab Potash Company
Posted by Rana MesbahWednesday, November 21 - 2012 at 16:52 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / 4C.
Notes and Media Contacts »
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / 4C. AME Info FZ LLC / 4C is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
