NO. 26


Saudi Arabia

SABIC's Profit Dips in 1990

The Saudi Basic Industries Corporation (SABIC) realized a profit in excess of SR3bn ($800mn) in 1990, according to an announcement last week by Mr. 'Abd al-'Azizal-Zamil, Saudi Minister of Industry and Electricity and Chairman of SABIC'sBoard of Directors. Mr. Zamil said that "the profits were realized despitea volatile world petrochemical market influenced by the Gulf crisis of the lastfew months of 1990." SABIC's total...