VOL. XXXII
NO. 37
19-JUNE-1989
SAUDI ARABIA
NSC Returns Impressive Profits in 1988
The National Shipping Company (NSC) of Saudi Arabia has announced net profitsof SR65.5mn ($17.5mn) in 1988, up sharply from SR12mn ($3.2mn) in 1987. NSC,which reported losses from 1984 to 1986, has also decided to distribute SR50mn($13.3mn) in dividends to its shareholders. In addition to the general cargo itcarries, NSC is involved in transporting petrochemicals for two affiliates ofthe Saudi Basic Industries...
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