VOL. XLVI

No 30

28-July-2003

SAUDI ARABIA

ENERGY FINANCE

SABIC Records $851Mn Profit In First Half 2003

The Saudi Basic Industries Corporation (SABIC) on 21 July announced profits for the first half of 2003 of SR3,190mn ($850.6mn), a strong rise compared to the SR985mn profit ($262.6mn) earned in the first half of 2002.The results include second quarter net profits of SR1,794mn ($478.4mn) and first quarter profits of SR1,396mn ($372.2mn). SABIC recorded a full year profit for 2002 of SR2,844mn...