VOL. XLIV

No. 08

19-February-2001

SAUDI ARABIA

SABIC Registers 113% Increase In Net Profit In 2000

Saudi Basic Industries Corporation (SABIC) has announced a net profit of SR3.63bn ($967mn) for 2000, compared with SR1.71bn ($455mn) the previous year, a rise of SR1.92bn ($512mn), or 113%. The company has also announced record sales revenues of SR24.6bn ($6.56bn) in 2000, up 28% on 1999 (SR19.18bn $5.11bn), having marketed more than 21mn tons of output that was available last year. In 1999...