VOL. XXXV
NO. 31
4-MAY-1992
Saudi Arabia
NSC's Profits Surge
Saudi Arabia's National Shipping Company (NSC) in 1991 reported a record netprofit of SR515mn ($137.3mn), up 543.8% from SR80mn ($21.3mn) in 1990. Accordingto the company's chairman of the board, Dr. Muhammad al-Tawil, the surge inprofits was attributable to a massive increase in business arising from the Gulfwar, especially for the transport of military equipment for the allied forces.The increase in profitability has continued and NSC...
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