SAUDI ARABIA

SABIC Celebrates its First Decade with 13 Operating Projects

The Saudi Basic Industries Corporation (SABIC), which last year celebrated its first decade with the commissioning of a thirteenth industrial project, posted a record 1986 net income of SR243.9mn ($65.1mn), up 64.9% from SR147.8mn ($40.5mn) in 1985, and total assets of SR22,435mn ($5,990mn) in 1986, according to the corporation's 1986 Annual Report. The corporation in 1986, produced a total of 8.994mn tons of...