VOL. XXX

NO. 29

27-APRIL-1987

SAUDI ARABIA

SABIC Reports 35% Increase in 1986 Profits

The Saudi Basic Industries Corporation (SABIC) and its affiliates in 1986realized a net profit of SR200mn ($53.3mn), up sharply from SR147.8mn ($40.8mn)in 1985 and SR34.3mn ($9.7mn) in 1984, according to the Saudi Minister ofIndustry and Electricity Mr. 'Abd al'Aziz al-Zamil, who chaired a meeting ofSABIC's Board of Directors on 13 April to review the 1986 final accounts. TheSAbIC Board has decided to recommend...