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...