VOL. XXXI
NO. 49
12-SEPTEMBER-1988
SAUDI ARABIA
SABIC's Net Income Continues to Rise in 1987 and 1988
The Saudi Basic Industries Corporation (SABIC), which last year began itssecond decade, posted impressive results in 1987 by setting new records forfinancial performance, sales and production, according to the corporation's 1987Annual Report. SABIC's net income in 1987 more than quadrupled to SRl,078mn($287mn), while its assets rose 5.2% to SR23,596mn ($6,292mn). Total revenuesincreased 56.4% to...
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