VOL. XXXI

NO. 15

18-JANUARY-1988

SAUDI ARABIA

SABIC's Profits Rise to $14mn in First Nine Months of 1987

The Saudi Basic Industries Corporation (SABIC) is expected to post a profitof some SR530mn ($141.33mn) in the first nine months of 1987, according toSABIC's Vice Chairman and Managing Director Mr. Ibrahim ibn Salamah. SABIC'sprofits rose from SR147mn ($39.2mn) in 1985 to SR243mn ($64.8mn) in 1986. At thesame time, its sales of various petrochemical products rose from 4.96mn tons in1985 to...