VOL. XXXI

NO.41

18-JULY-1988

SAUDI ARABIA

SABIC's Income Continues to Surge

The Saudi Basic Industries Corporation (SABIC) has announced a net incomeof SR653 ($174mn) for the first quarter of 1988, up 540% from SR102mn ($27mn) inthe first quarter of 1987, according to the corporation's unaudited accounts,which were recently published in the press. The value of SABIC's sales rose toSR1,856mn ($495mn) in 1Q 1988 from SRl,073mn ($286mn) in 1Q 1987, as did totalrevenue to SR2,027mn ($541mn) from...