VOL. XXXII

NO. 49

11-SEPTEMBER-1989

SAUDI ARABIA

SABIC's Mid-Year Net Income up 20.5%

The Saudi Basic Industries Corporation (SABIC) has announced a net incomeof SR1,825mn ($487mn) in the first half of 1989, up 20.5% from SR1,514mn($404mn) in the corresponding period of 1988. The growth in net income, whichwas achieved despite a fall in international petrochemical prices, isimpressive, although not as spectacular as the recent threefold increase inincome to SR3,680mn recorderd at the end of 1988....