NO. 26


Saudi Arabia

SABIC's 1991 Profit Dips 24%

The Saudi Basic Industries Corporation (SABIC) registered a 24.1% fall in netprofit to SR2.3bn ($613mn) in 1991, from SR3.03bn, ($808mn) in 1990, accordingto the corporation's 1991 results which were announced last week. Commenting onthe results, the Saudi Minister of Industry and Electricity and SABIC'sChairman, Mr. 'Abd al-'Aziz al-Zamil, expressed his satisfaction with SABIC'sperformance which was achieved in spite of the...