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    <title>KSA's General Lighting plans IPO</title>
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    <pubDate>Sat, 18 May 2013 01:07:58 +0400</pubDate>
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        Saudi Arabia’s largest lighting company General Lighting Co, 30%-owned by Carlyle Group, plans to sell its shares on the Saudi stock market, paving the way for the private equity firm to exit its stake, Reuters has reported, citing two sources. US-based Carlyle has hired Riyadh-based GIB Capital and law firm Latham & Watkins to help arrange the initial public offering (IPO), the sources said.
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    <title>Cristal Global to set up $550m ilmenite plant in Jazan</title>
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    <pubDate>Thu, 16 May 2013 04:04:21 +0400</pubDate>
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        Saudi producer of titanium dioxide Cristal Global is to set up the GCC’s first ilmenite processing plant to make high-grade slag used in the production of titanium dioxide, Arab News has reported. The plant is to be set up by at Jazan Economic City (JEC) at a cost of $550m (SR2.062bn), Cristal said. The slag to be processed to between 85 and 92% purity in JEC will be used for producing titanium dioxide at Cristal’s titanium dioxide plant in Yanbu, which was established in 1991. In its first stage, the ilmenite smelter will produce 500,000 tonnes of high purity ilmenite slag and 250,000 tonnes of high purity pig iron (HPPI) as a by-product, which will go to the steel mills of the kingdom. “The Jazan smelter will go on stream next year and it will the first of its kind in Saudi Arabia,” said the chairman and CEO of Cristal, Talal Al-Shair. “The smelter’s production capacity can be doubled to one million tonnes and the supply will go to the local market for the first time.”
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    <title>Samsung to open production facility in Egypt next month</title>
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    <pubDate>Wed, 15 May 2013 06:25:13 +0400</pubDate>
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        Egyptian trade minister Hatem Saleh has announced South Korean electronics giant Samsung is set to commence production at its factory in Upper Egypt in June, Ahram has reported. Samsung Electronics plans to produce two million units of TVs and screens in the first phase at the factory in Beni Suef, which was built with investments totalling EGP1.8bn ($257m). The company said it expects to achieve exports worth $1bn in the first years of operations.
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    <title>Orpic plans $4bn steam cracker</title>
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    <pubDate>Wed, 15 May 2013 06:24:52 +0400</pubDate>
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        Oman Oil Refineries and Petroleum Industries Co (Orpic) has said it plans to conduct a study for a proposed steam cracker plant to produce polypropylene and polyethylene, as part of its business development plans, Times of Oman has reported. The proposed project will cost between $3bn and $4bn and will have the capacity to produce approximately one million tonnes per year of polypropylene and polyethylene, said Orpic chief executive, Musab Al Mahruqi. He did not give the time frame of the project but said its completion might coincide a couple years after the proposed projects of improving the Sohar Refinery and a Muscat-Sohar pipeline project have been completed.
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    <title>Jordan's Al Nabil sells minority stake to Carlyle Group</title>
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    <pubDate>Tue, 14 May 2013 05:08:14 +0400</pubDate>
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        Jordan-based producer of frozen and chilled foods Al-Nabil Food Industries Co has said it has sold a minority stake to private equity firm Carlyle Group. The investment is part of a focus on fast-growing consumer-oriented companies in the Mena region, said Carlyle. Additional financial details were not released.
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