VOL. XXXII
NO. 8
28-NOVEMBER-1988
SAUDI ARABIA
SABIC's Net Income Quadruples
The Saudi Basic Industries Corporation (SABIC) has announced a net incomeof SR2,417mn ($645mn) for the first nine months of 1988, up 356% from SR530mn($141mn) in the corresponding period of 1987, according to the corporation'sunaudited accounts. The value of SABIC's sales rose to SR6,602mn at the end of3Q 1988 from SR3,442mn at the end of 3Q 1987, as did total revenue to SR6,910mnfrom SR3,830mn. At the same time total...
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