Middle East Economic Survey
VOL. XLIX
No 5
30-January-2006
SAUDI ARABIA
SABIC Realizes $5.1Bn Record Profits In 2005Saudi Basic Industries Corporation (SABIC) announced on 22 January it had achieved a record 2005 net profit of SR19.2bn ($5.1bn), a 35% increase over the SR14.2bn ($3.8bn) achieved in 2004. This increase is due to price increases in major products, a rise in overall production capacity to 46.7mn tons (9% increase over 2004) and an increase in overall sales to 36.6mn tons (9% increase...
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