Middle East Economic Survey

VOL. LIV

No 18

2-May-2011

SAUDI ARABIA

Tough First Quarter For Saudi Private Sector, Says Jadwa

The first quarter was a tough one for the private sector in Saudi Arabia, according to the April 2011 Monthly Bulletin published by Jadwa Investment. In total, listed company net income was 23% up on 1Q10 and 13% above the final quarter of last year. Petrochemicals was by far the best performing sector, however, this was driven by higher prices and generally greater...