NO. 31


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...