NO. 35


Saudi Arabia

SABIC's First Quarter Profits Up 33.7%

The Saudi Basic Industries Corporation (SABIC) in the first quarter of 1991reported net profits of SR695.9mn ($185.5mn), up 33.7% from SR520.5mn ($138.8mn)in the corresponding period of 1990, according to the corporation's unauditedquarterly results. The increase in profitability in 1Q 1991, which contrastswith a 15.1% fall in net profits in 1990 to SR3.03bn ($808mn) (MEES, 22 April),is attributed by SABIC's Vice...