VOL. XLVI
No 4
27-January-2003
SAUDI ARABIA
SAFCO Profit Down By 57% In 2002
Saudi Arabian Fertilizer Company (SAFCO), a subsidiary of Saudi Arabian Basic Industries Corporation (SABIC), made a net profit of SR110.4mn ($29.4mn) in 2002 compared to SR254.7mn ($68mn) in 2001, a drop of 56.7%, the company announced on 21 January. Muhammad al-Mady, Vice Chairman and Managing Director of SABIC and Chairman of the Board of SAFCO, said that the last quarter of the year realized a profit of SR37.35mn...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!