NO. 45


Saudi Arabia

SABIC's First Half Profits Rise

The Saudi Basic Industries Corporation (SABIC) inthe first half of 1991 reported a 19.4% increase in net profits to SR1,459mn($389mn) from SR1,222mn ($326mn) in the first half of 1990, according to thecorporation's unaudited mid-year results. Total revenue in the first half of1991 fell slightly to SR4,308mn ($1,147mn) from SR4,353mn ($1,161mn) in thecorresponding period of 1990. For the whole of 1990, SABIC reported...