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...