Financial and Banking News


SABIC'S Profits Up 71% in 1984 

The Saudi Basic Industries Corporation (SABIC) realized a net profit of SR34.3mn ($9.4mn) in 1984, up 71.5% from SR20.0mn ($5.6mn) in 1983, according to the corporation's recently-published 1984 consolidated accounts. Sales by the SABIC affiliates which are in commercial production totaled SRl,189mn ($330mn) - SR770mn ($214mn) from the iron and steel plants, SR155mn ($43mn) from the methanol...