VOL. XXXII

NO. 27

10-APRIL-1989

SAUDI ARABIA

SABIC Logs Record Income for 1988

The Saudi Basic Industries Corporation (SABIC) in 1988 posted a record netincome of SR3.2bn ($853mn), almost three times the 1987 figure of SR1.08bn($288mn), the Saudi Minister of Industry and Electricity and SABIC's BoardChairman, Mr. 'Abd al-'Aziz al-Zamil announced last week. This outstandingperformance was attributed to a record output of various products and anexpansion in marketing activities, coupled with higher...