If this is the future for Argex.....load up and get rich lol In 1989, Mr. Alnaimi started the first private-sector petrochemical facility in the Arabian Gulf, involving investors from five Gulf countries. That venture grew from a US $15 million investment to become Chemanol, a US $700 million company. As Managing Partner, Mr. Alnaimi was the visionary behind the project, from initial conceptualization to feasibility studies, technology selection and development, construction, commissioning, production, marketing and operations. Through several expansions, Chemanol grew from a single plant to 24 separate plants producing close to one million tons of methanol products and derivatives. Mr. Alnaimi took the company public in August 2008 in a very successful IPO that was 400% oversubscribed.
In 2000, Mr. Alnaimi started the first medium-section structural steel company in the Gulf region, United Gulf Steel, another very successful venture where he played the same role that he had at Chemanol. In 2001,