VOL XXXI

NO. 20

22-FEBRUARY-1988

SAUDI ARABIA

SABIC Quadruples Profits in 1987

The Saudi Basic Industries Corporation (SABIC) on 17 February announced afour-fold increase in net profits to SR1bn ($267mn) in 1987 from SR244mn ($65mn)in 1986. According to a SABIC statement, the corporation's net profits wererealized from sales totaling SR8bn in 1987, up from SR2.7mn in 1986. SABIC'soutput of various petrochemical products from its 14 operating projects rose to9.76mn tons in 1987 from 7.61mn tons in...