NO. 9


Saudi Arabia

SABIC's Net Income Continues to Rise

The Saudi Basic Industries Corporation (SABIC) has announced net income ofSR2,587mn ($690mn) for the first nine months of 1989, up 7.0% from SR2,417mn($644mn) in the corresponding period of 1988, according to a statement by Mr.'Abd al-'Aziz al-Zamil, the Saudi Minister of Industry and Electricity andChairman of the SABIC Board. SABIC's net income in 1988 was SR3,680mn, or morethan three times the 1987 figure of...