SAUDI ARABIA

SABIC Posts Higher 1985 Income 

The Saudi Arabian Basic Industries Corporation (SABIC) has reported total net income of SR81.4mn ($22.3mn) in the first nine months of 1985, up 137% from SR34.4mn ($9.4mn) in all of 1984, mainly due to the coming on stream of a number of SABIC projects. The 1985 income was further enhanced to SR105.7mn ($28.9mn) by a carry over of SR24.3mn ($6.6mn) in profits from 1984. SABIC also disclosed that its unofficial balance sheet showed a 232...