VOL. XXXII

NO. 30

1-MAY-1989

SAUDI ARABIA

SABIC Triples Income in 1988

The Saudi Basic Industries Corporation (SABIC) in 1988 posted a record netincome (before Zakat) of SR3,680mn ($981mn), or more than three times its netincome of SR1,163mn ($310mn) in 1987, according to the corporation'sconsolidated 1988 results, which were presented on 25 April to a general meetingof SABIC's shareholders. The corporation paid SR85mn in Zakat in 1987 and anestimated SR127mn in 1988. Output of various products...