SAFCOs Net Profit Up SR253.15Mn In 2000
Saudi Arabian Fertilizer Company (SAFCO) announced on 12 February that its net profit in 2000 totaled SR254.5mn ($68mn), up SR253.15mn ($67mn) on the previous year (SR1.35mn $359,904). The company is to raise its capital to SR2bn by issuing one bonus share for every three shares. SAFCOs board has also recommended dividend payment of SR180mn ($48mn) at a rate of SR6 ($1.60) per share. SABIC owns 41% of SAFCO,...