Business Description: The Arab Potash Company (APC) is a Public Shareholding Company, which was initially established in 1956 with an idea to implement projects in the Jordanian unique potash reserve in the Dead Sea. The Government of the Hashemite Kingdom of Jordan granted APC an exclusive concession for the exploitation of Dead Sea salts and minerals. Under the terms of the concession, ownership of all plants and installations would be transferred to the Government of the Hashemite Kingdom of Jordan at no cost and no later than the year 2058. APC’s company construction has begun in 1979 with a capital investment of 83.318 million JOD, and started its potash …show more content…
Those are Potash Corporation of Saskatchewan 28% with (23,294,614) number of shares, and Government Investments Management Company 27% (22,382,437), Arab Mining Company 20% (16,655,651), Social Security Corporation Jordan 10% (8,642,968), Iraqi Government 5% (3,920,707), Libyan Investment Authority 4% (3,386,250), and Kuwait Investment Authority 4% (3,286,095). Financial statements: The statements are prepared in accordance with International Financial Reporting Standards (IFRS), thus the company accounts are understandable and comparable across international boundaries. Corporate Governance and Social Responsibility we evaluate the current practices of corporate governance (CG) system in the Arab Potash Company (APC) in light of Organisation for Economic Co-operation and Development (OECD) principles. Using a scale from poor, fair, good, very good to excellent, the Arab Potash Company, generally speaking, are very good in applying CG principles, namely: • Ensuring The Basis For An Effective Corporate Governance Framework • The rights of shareholders • The rights of stakeholders • Disclosure and
Switching to IFRS will help not just companies but also investors and public globally to compare financial statements. If every country has different financial standards, if would be problematic to compare how each company stands because they are not the same.
Exxon Mobil is world’s largest publicly traded integrated oil company serving companies in more than 200 countries worldwide. Standard and Poor’s stock report for Exxon Mobil indicates that Exxon’s global functional organization and substantial diversification helps mitigate its exposure to business risk and margin volatility.
strong global presence tha t dates back to 1882 when it opened a plant in
The first oil drilled there in Saudi Arabia was in 1938 by the engineer Tom Barger. Saudi became the large...
“Selected Natural Resources in the West Bank and Gaza Strip.” Jewish Virtual Library 2011. Web. 12 Oct. 2011.
This report gives the brief overview of the concept of corporate governance, its evolution and its significance in the corporate sector. The report highlights various key issues and concerns that are faced by the organizations while effectively implementing and promoting Corporate Governance.
Pak Elektron Limited (PEL) is the leading manufacturer of electrical goods in Pakistan. In 1956, the Company was set up by Malik Brothers in technical collaboration with M/s AEG of Germany to manufacture transformers, switch-gear and electric motors. AEG relinquished their share of PEL to the Malik Brothers in the late 1960s, which was subsequently acquired by the Saigol Group of Companies in 1978.
Verde, T. (2012, may). saudiaramcoworld. Retrieved from the point of the arch (This article appeared on pages 34-43 of the print edition of Saudi Aramco World): http://www.saudiaramcoworld.com/issue/201203/the.point.of.the.arch.htm
Bibliography: Turnbull, S. (1997). Corporate governance: its scope, concerns and theories. Corporate Governance: An International Review, 5 (4), pp. 180--205.
Business Mergers can be either effective or an aggregate catastrophe. Because a merger cost a ton of cash doesn't imply that it will be an effective arrangement. A standout amongst the best mergers was the merger of Exxon Company and Mobil Partnership, the merger between two of oil organizations. This merger is considered today one a definitive business mergers ever as per numerous business sites.
From their extensive oil reserves, the Saudi Arabian government was able to gain economic power in the form of pur...
Organized by the regional authorities, every Egyptian had to move about thirty cubic metres of soil in about ten days every year. With this relatively small investment of labour, they kept the system in working order. Once the main canals, many of them natural, were in place, they just had to be dredged y...
Nottingham Trent University. (2013). Lecture 1 - An Introduction to Corporate Governance. Available: https://now.ntu.ac.uk/d2l/le/content/248250/viewContent/1053845/View. Last accessed 16th Dec 2013.
The Aral sea used to be the forth largest inland body of water. It had a fishing industry that employed 60,000 people and it attracted thousands of tourists. Today the Aral Sea is biologically dead and has shrunk by approximately 75-80% in volume and 50-60% in area. (See Attachment 1. The chronology of the desiccation of the Aral Sea). Fishing towns such as Muinak are now 60 kilometers inland. Approximately 75 million tons per year of toxic salt from the exposed seabed are blown over thousands of kilometers of inhabited land increasing the already high level of salinity and worsening the environmental situation.
In 1923 the worst prediction in the history of oil, the Arab peninsula did not attract Great Britain to colonize this empty desert for the general manager of British Petroleum Company. Sir Arnold Wilson announced that the Arab Peninsula did not cont...