SAUDI ARABIA

SABIC's Profits Rise 9O% in First Quarter of 1987

The Saudi Basic Industries Corporation (SABIC) realized a profit of SR102.2mn ($27.3mn) in the first quarter of 1987, up 90% from SR53.8mn ($14.3mn) in the corresponding period of 1986, Mr. Ibrahim ibn Salamah, SABIC's Vice Chairman and Managing Director, has disclosed. SABIC's total revenues in the first quarter of 1987 rose to SRl.18bn ($314.7mn), up 32.1% from SR893mn ($238.1mn) in the corresponding period of...