APICORP is wholly owned by the ten member states of the Organisation of Arab Petroleum Exporting countries (OAPEC). Stakes held by member states are represented in the diagram below:
APICORP’s shareholders have constantly supported the organisation in bolstering its capital base. At the time of its founding in 1974, the authorized capital of APICORP was $1.2 billion with $340 million subscribed.
Currently, the Corporation’s authorized capital is fixed at US Dollars Two Thousand and Four Hundred million (US$2,400,000,000), whereas the subscribed capital is fixed at US Dollars One Thousand and Five Hundred million (US$1,500,000,000) and the paid-up capital is currently at US Dollars One Billion (US$ 1,000,000,000) divided into One Million (1,000,000) shares, each of a nominal value of US Dollars One Thousand (US$1,000), all of which have been fully subscribed.