VOL. XXX

NO. 18

9-FEBRUARY-1987

SABIC'S 1985 ANNUAL REPORT

The Saudi Basic Industries Corporation (SABIC) realized a net profit ofSR147,790,000 ($39.4mn) in the fiscal year 1985 (January-December), a 328%increase over profits in 1984 of SR34,344,000 ($9.2mn), according to thecorporation's recently released 1985 Annual Report. The large increase in thecorporation's net income can be attributed to the start up during the year offive of its 12 industrial projects and an increase in combined plant...