VOL. XXXIV
NO.16
21-JANUARY-1991
Saudi Arabia
SAFCO Reports 7.5% Rise in 1990 Profits
The Saudi Arabian Fertilizer Company (SAFCO) in 1990 realized a profit ofSR172mn ($45.9mn), up 7.5% from SR160mn ($42.7mn) in 1989. SAFCO - owned 41% bythe Saudi Basic Industries Corporation (SABIC) and 59% by the private sector -is currently implementing an expansion project which covers the construction atJubail of a new fertilizer plant with an annual capacity of 500,000 tons ofammonia and 600,000 tons of...
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