VOL. XXXII
NO. 46
21-AUGUST-1989
SAUDI ARABIA
SABIC's 1988 Income Surges to Record Levels
The Saudi Basic Industries Corporation (SABIC) in 1988 returned a recordincome (before Zakat) of SR3,680mn ($981mn), or more than three times the 1987net income of SR1,163mn ($310mn), according to the 1988 Annual Report whichnotes that 1988 was a year of "record earnings, expanding operations andsustained cost containment." SABIC's 15th industrial complex - a 500,000ton/year methyl/tertiary butyl ether plant...
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