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.
The Corporation’s authorized capital is fixed at US Dollars Twenty Billion (US$20,000,000,000), whereas the subscribed capital is fixed at US Dollars Ten Billion (US$10,000,000,000) and the paid-up capital is fixed at US Dollars One Billion and Five Hundred Million (US$1,500,000,000) divided into One Million and Five Hundred Thousand (1,500,000) shares, each of a nominal value of US Dollars One Thousand (US$1,000), all of which have been fully subscribed. Callable capital is currently US Dollars Eight Billion and Five Hundred Million (US$ 8,500,000,000).