Middle East Economic Survey

VOL. LIII

No 43

25-Oct-2010

SAUDI ARABIA

SABIC Reports 252% Net Income Rise For First Nine Months

Saudi Basic Industries Corporation (SABIC) has announced preliminary consolidated financial results for the first nine months of the year, with net income soaring to SR15.77bn ($4.21bn), a 252% increase over the figure reported for the same period in 2009, SR4.48bn ($1.19bn). Profit per share amounted to SR5.26 ($1.40) over the nine-month period compared to SR1.49...