VOL. XXXIII
NO. 33
21-MAY-1990
Saudi Arabia
SAFCO Reports Steady Profits
The Saudi Arabian Fertilizer Company (SAFCO) in 1989 realized a profit ofSR161mn ($43mn) slightly down from SR166mn ($44mn) in 1988, according to thecompany's 1989 Annual Report. The company, which has a fully paid up capital ofSR200mn, owned 41% by the Saudi Arabian Basic Corporation (SABIC) and 59% by theprivate sector, plans to distribute a SR15/share dividend to its shareholders.SAFCO in 1989 produced 205,000 tons of...
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